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Supply Chain Disruption Management
20
Flashcards
0/20
Demand Fluctuations
Adopt a flexible supply chain and adjust inventory levels
Technological Disruption
Continuous innovation and skilling-up workforce
Transportation Failures
Invest in logistics redundancy and real-time cargo tracking
Price Volatility
Hedging strategies and long-term supply agreements
Supplier Insolvency
Conduct financial assessments and have alternative suppliers
Inventory Mismanagement
Advanced inventory optimization tools and regular audits
Raw Material Shortages
Long-term contracts with suppliers and investing in alternative materials research
Pandemic Outbreak
Business continuity planning and diversifying the workforce
Cyber Attack
Implement cybersecurity measures and incident response plans
Supply Chain Visibility
Investment in digital technologies and analytics
Natural Disasters
Emergency response plans and diversification of supply sources
Product Recalls
Quality control systems and effective recall management plans
Change in Consumer Preferences
Agile supply chain and strong R&D capabilities
Regulatory Changes
Regular legal reviews and adaptive compliance processes
Geopolitical Instability
Political risk insurance and supply chain mapping for risk exposure
Environmental Regulations
Sustainable supply chain practices and eco-friendly product development
Trade Restrictions
Compliance with trade regulations and re-routing supply chains
Labor Disputes
Effective labor-management relations and contingency workforce planning
Port Congestion
Flexible shipping routes and inventory decentralization
Counterfeit Products
Anti-counterfeiting technologies and brand protection strategies
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