|
Post by account_disabled on Jan 5, 2024 22:29:26 GMT -6
Supply chains are becoming increasingly vulnerable. disruptions by understanding their weaknesses and developing specific capabilities to compensate for them. The authors identify and detail capabilities that companies can use to address specific vulnerability patterns. Creating a more resilient supply chain This article explores how Cisco Systems increased the resiliency of its supply chain in the aftermath of Hurricane Katrina. The company implemented a five-step process to improve risk management: identify strategic priorities, map vulnerabilities in supply chain design, embed risk awareness into products and value chains, monitor resiliency, and observe events. Reduce the risk of supply chain disruptions Most managers know they need to protect their supply chains from severe and costly disruptions, but the most obvious solutions are increasing inventory, increasing capacity in different locations, and having multiple suppliers that undermine improving supply Chain cost efficiency efforts. This article looks Job Function Email List at how companies can build resilience by segmenting or regionalizing their supply chains and limit performance losses by avoiding over-concentration of resources. Preparing for Disruptions with Early Detection In a book adapted from his book "The Power of Resilience," Yossi Scheffey, director of the MIT Center for Transportation and Logistics, explains how companies can learn to more quickly detect surprises that disrupt global operations Interrupt. Strategies are provided to effectively prepare for and respond to disruptions and increase company resilience. Five Ways to Improve Virtual Team Communication When Leading Remote Teams As more companies around the world turn to remote work to cope with the impact of COVID-19, this article provides five strategies to overcome distance issues and improve communication and performance in distributed teams. In the end, the technology isn't important, it's how people use it. Leading remotely Digital tools make remote teams possible, but dealing with a distributed workforce isn’t always easy. Leaders must address several key areas: communication, project management, talent development and management.
|
|