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What is supply chain resiliency?

IBM Supply Chain Blog

Goods arrived exactly when needed, waste and holding costs were kept to a minimum, and single source strategies prevailed due to ease and cost savings. Then, 2020 sent shockwaves through many JIT strategies; the disruption was just too big to absorb and supply chain ecosystems had not been built to flex.

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Mastering Agility and Resilience in Your Supply Chain

SCMDOJO

Organizations face an array of challenges, including material and labor shortages, inflation, fluctuating consumer demand, disruptions in the supply chain, and volatile global trade relationships. In response to these challenges, the leaders must rethink their supply chain strategies, focusing on building resilience.

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See Through Disruptions: How Supply Chain Visibility Builds Resilience

SCMDOJO

Supply chains are vital to businesses, facilitating the movement of goods, services, financial flows, and information. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. However, they are also susceptible to disruptions and risks.

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Mastering Resilience in Your Supply Chain

SCMDOJO

In response to these challenges, the leaders must rethink their supply chain strategies, focusing on building resilience. Enroll in the Full Course offered by our expert Vera Rozanova on Supply Chain Resilience!

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2021 Supply Chain and Inventory Management Trends

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Let’s look at the impact of each of these trends and see how you can incorporate them into your supply chain for 2021. Supplier diversification is a key component for supply chain resilience. Supplier Diversification. However, these tend to be less efficient and products are usually more expensive.

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13 Important Roles of Data Analytics in Supply Chain Optimization

SCMDOJO

This strategy reduces carrying costs, minimizes the risk of stockouts, and can improve cash flow— all thanks to data analytics. By analyzing supply chain data, businesses can detect anomalies, potential risks, and deviations from their standard operating procedures. What is JIT inventory management?

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6 Valuable Takeaways from 2024’s Supply Chain Challenges for Small Business Owners | Ecommerce

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This year, supply chain disruptions have posed significant obstacles for small business owners. From global events to the ongoing impacts of the pandemic, these challenges have forced businesses to adapt and find new strategies to navigate through uncertain times.