As many witnessed during the Academy Awards presentation last Sunday for “Best Picture,” a simple mistake at any point in the supply chain can have dire consequences. In this case, the confusion was short-lived, but the implications could be far-reaching for those involved.
Any organization that exists outside of your own which may influence your ability to deliver goods, materials and services to your customer base, should be vetted and assessed in terms of that organization’s resilience in the face of an interruption. However, it isn’t always easy to determine a supplier or partner’s preparedness. Therefore, Agility has developed six simple questions you can ask your suppliers and vendors to determine where they stand as it relates to preparedness.
Supply chains typically involve a complex maze of third party suppliers, vendors, partners and, of course, customers. Managing risk in the supply chain is a process that inevitably involves working with these partners to plan and prepare for an unexpected interruption.