In This Episode… We discuss reducing lead times from suppliers in China or other countries in Asia like Vietnam. Lead times are the time you can expect the process of getting your order from a supplier to take, from placing the purchase order, for the supplier to obtain and check materials, manufacture the goods, and then ship them to you. There are many separate elements involved here on the supply chain and manufacturing sides and so plenty of opportunities to make improvements and reduce … [Read more...]
Have You Revised your Supply Chain Risk Analysis?
Last year, I wrote about the Business Continuity Plan (BCP). More and more companies request their suppliers to prepare a BCP, as a structured approach to performing a supply chain risk analysis to get prepared for the risks they are exposed to. If you haven’t revised your BCP in 2020 and 2021, you have probably been caught off guard by recent events. But the question everyone is wondering is, ‘can we even forecast what is going to happen?’ … [Read more...]