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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

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As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Procurement technology can also help businesses improve supplier relationships and enhance communication between buyers and suppliers.

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Pandemic Prepared! 8 Steps to Building Supply Chain Resilience

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Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Navistar had a jump start on putting robust systems in place, but their suppliers didn’t.

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8 Steps to Building Supply Chain Resilience for Manufacturers in a Post-Covid World

ivalua

Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Navistar had a jump start on putting robust systems in place, but their suppliers didn’t.

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The Coronavirus Is Shattering Traditional Supply Chains

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And even if an order from an overseas supplier were to be filled, delivery issues would be compounded by the declining number of air and ocean freight options to move products into the U.S. On February 4, Hyundai Motors announced suspension of production at seven of its plants in Korea. But recovery may be fragile.

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An In-Depth Examination of Inflation Relief for a Government Contractor

Procurement Notes

He states, “there may be circumstances where an accommodation can be reached by mutual agreement of the contracting parties, perhaps to address acute impacts on small business and other suppliers[.]” [52] Now, he is getting to the heart of the issue, which is what to do about fixed-price contracts already in existence. FAR 52.249-14(a).