article thumbnail

Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

Teams should also revise expectations for tier-two and tier-three suppliers, shipping and freight partners. Perhaps 30 days of inventory isn’t enough in times of crisis, and terms should be updated. Setting expectations ahead of a crisis is critical to reducing risk, avoiding liability claims and mitigating potential losses.

article thumbnail

Pandemic Prepared! 8 Steps to Building Supply Chain Resilience

ivalua

Strategic sourcing professionals may end up doing tactical work, as well. Teams should also revise expectations for tier-two and tier-three suppliers, shipping and freight partners. Simplify approvals with clearly defined roles and responsibilities. Kunnummal said agility hinges on this essential task. “In

article thumbnail

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

ivalua

Strategic sourcing professionals may end up doing tactical work, as well. Teams should also revise expectations for tier-two and tier-three suppliers, shipping and freight partners. Simplify approvals with clearly defined roles and responsibilities. Kunnummal said agility hinges on this essential task. “In