Beruflich Dokumente
Kultur Dokumente
Suministros
NOTE: Vea aqu este artculo en Ingls / See here this article in English
You pull over and call your supplier in Bangladesh. Luckily you manage to get
through. But theres bad news for you. Overnight, your textile supply has been
reduced to just 10% of what you need. Your large order from your supplier cannot
be fulfilled because the warehouse of their supplier is flooded, along with a 50
kilometre stretch of road that connects your supplier to the nearest port.
This situation shouldnt require a stretch of the imagination. In Asia, in 2015 alone,
floods, fires and earthquakes caused material losses amounting to an estimated
$35.5 billion.
Without having planned for this scenario, the enormity of the problem, and the
work involved in overcoming it, hits you. During the next few days you try to
figure out to how to buy yourself some time so you can focus on seeking an
alternative supplier. But suppliers are already putting their prices up exponentially.
Youre spending all your time juggling phone calls between alternate suppliers,
your insurance company, and customers wanting to know whats going on. You
havent even had time to consider the impact on your reputation, and
on new business, once prospects hear about the problem.
Whilst your business may have nothing to do with textile industry, you will
certainly have some form of dependency on external suppliers.
Here are three tips for reducing your exposure to mishaps in your supply chain
1. Pre-establish alternative providers
Ensure your Business Continuity Plan (BCP) contains provisions in case of a
disruption in your supply chain, and an alternate supplier agreed prior to the
event.
Even if having two regular, ongoing suppliers (instead of one) causes higher overall
prices and slightly reduces your usual profit margin, this strategy could ensure the
continued operation of your business. In the event that one supplier is out of
action, you can significantly reduce the time to switch suppliers, honour your
existing customer commitments and maintain their trust.
2. Build a close relationship with your suppliers
In order to have full confidence in your Business Continuity Plan, strengthen your
relationship with your key suppliers.
We all know that business relationships rarely go beyond the exchange of emails or
the occasional phone call. But by exchanging more information with your suppliers,
and collaborating more closely with them, you will be able to improve the reliability
of your supply chain.
Discussing continuity with your suppliers, and understanding their BCPs, will
enable you to get an improved understanding of all the factors that can affect your
business. It will expand your awareness of risks and your true capability of
responding to extraordinary events.
In addition, include your suppliers in your periodic disaster simulations. In this way
you will be able to identify gaps in your Business Continuity Plan before those gaps
cause major problems when an actual incident occurs.
3. Pre-establish an alternative communication plan
NOTA: Vea aqu este artculo en espaol / See here this post in Spanish