Risky Business: 3 Strategies to Keep Your High-Tech Supply Chain Safe From Disruption

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Jacob
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Supply Network Guru
Primary objectives of supply chain
Jacob   10/10/2014 3:48:04 AM
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"As new gadgets come to the market with increasing speed, many global high-tech/electronics companies are looking for ways to streamline their supply chain operations to meet market demands, reduce costs, and become more customer-centric."

Ken, that's the primary objectives of a supply chain. Now a day's most of the customers are specific and oriented to their requirements. So those who can meet their expectations can get customer attention.

tirlapur
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Supply Network Guru
Re: Primary objectives of supply chain
tirlapur   10/10/2014 9:04:22 AM
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Well nowadays most startups do not contribute directly to the supply chain, rather they form a "middle man" in creating supplies and therefore act as "couriers to customers" instead. Also, the contribution of the start ups to supply chain is lesser than expected, so we're got a lot more obstacles to overcome. Consumers would only know good brands (trustworthy brands with goodwill and market value) instead of newer companies because of less market share of such companies.

Jacob
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Supply Network Guru
Re: Primary objectives of supply chain
Jacob   10/13/2014 12:07:29 AM
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"Well nowadays most startups do not contribute directly to the supply chain, rather they form a "middle man" in creating supplies and therefore act as "couriers to customers" instead. Also, the contribution of the start ups to supply chain is lesser than expected, so we're got a lot more obstacles to overcome. Consumers would only know good brands (trustworthy brands with goodwill and market value) instead of newer companies because of less market share of such companies."

Tirlapur, online sites and medias are the interaction points with customers. The supply chain comes as a part of back end activities.

tirlapur
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Supply Network Guru
Managing multiple partners
tirlapur   10/10/2014 9:12:01 AM
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" According to the Managing Risk in the Global Supply Chain report, 51% of companies responded that, if their suppliers suffered a disaster in one location, they would be unable to continue operations in a reasonable timeframe. Once you've evaluated your supply chain, you could work with a trusted partner to develop a business continuity plan that provides alternate solutions if an unplanned event occurs. By engaging multiple suppliers within your supplier network, you can have "slack" in your supply chain, which could help with a shortage or unplanned event."

Evaluation comes with powerful logistics, and if your company is new, it is natural that you would get lesser partners and hence lesser supplies, and in order to function effectively without losing much resources, your company would firstly need best of the best logistics that can mitigate disasters and manage supplies.

Hailey Lynne McKeefry
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Blogger
Three words
Hailey Lynne McKeefry   10/10/2014 5:37:16 PM
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Ken, as i read your post, it strikes me that the successful supply chain that does these things to avoid disruption have a number of characteristics in common. I would say they are: Flexible, creative, and process driven. I wonder what you and our industry community might come up with in terms of adjectives for the safe supply chain?

t.alex
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Supply Network Guru
Supply chain
t.alex   10/14/2014 1:27:41 PM
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Its always been a challenge for every companies to have a good supply chain system. I agree with the 3 strategies you mentioned above and i think it's important to have multiple sources avaible. Relying on one source will hurt the company distributiion abilties.



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EBN Dialogue enables you to participate in live chats with notable leaders and luminaries. Open to the entire EBN community of electronics supply chain experts, these conversations see ideas shared, comments made, and questions asked and answered in real time. Listed below are upcoming and archived chats. Stay tuned and join in!
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