DESCRIPTION
Through decades of Cost Cutting efforts, the Supply Chains of many organizations have become Lean and centralized—but, on the flip side, fragile and non-resilient. Lower costs have come at the price of higher risk.
The unparalleled disruption to global Supply Chains caused by COVID-19 has reminded us the necessity of Supply Chain Resilience and Supply Chain Risk Reduction.
As alluded to, the strategies to enhance the readiness level of Supply Chains and to reduce risks associated with disruption come with a price. These costs are critical to building the Supply Chain Resilience. However, they are considered a hindrance in the implementation of Risk Reduction Strategies by many leaders and thus preclude them from anticipating and managing Supply Chain Risks.
This presentation talks about 2 common Risk Reduction Strategies that Supply Chain executives can leverage to curtail Supply Chain Risks. These strategies have minimal impact on costs, but offer substantial reduction of disruption risks.
1. Diversify Supply Base
2. Overestimate Likelihood of Disruptions
For each strategy, we also discuss examples and key takeaways.
The slide deck also includes some slide templates for you to use in your own business presentations.
This PPT delves into the critical balance between Supply Chain Efficiency and Resilience. It provides a detailed comparison of the two, highlighting how efficiency focuses on cost reduction and performance improvement while resilience emphasizes risk reduction and preparedness for disruptive events. The presentation underscores the importance of not over-centralizing resources, which can lead to increased fragility and higher costs in the event of disruptions.
The framework also includes practical examples and case studies, illustrating how leading organizations have successfully implemented these strategies. It offers actionable insights and templates that can be customized for your specific business needs. This resource is indispensable for executives looking to fortify their supply chains against unforeseen disruptions while maintaining cost-effectiveness.
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Source: Best Practices in Supply Chain Management, Risk Management, Business Resilience PowerPoint Slides: Supply Chain Risk Reduction PowerPoint (PPTX) Presentation, LearnPPT Consulting
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