Blog Pick of the Week: Any other Cliffs Threaten Procurement
A few weeks ago, we talked about the pending Fiscal Cliff issues in the United States. Those have since been partially resolved.
What other issues might impact procurement? Are there any other cliffs out there to disrupt the supply chain or delivery cycles?
There are frequent obstacles for procurement to overcome in order to get their supply where it needs to be in the timeframe that is required. This article points out how a simple union strike can reak havoc for many industries. There are issues with the union porters at the dock. They have agreed to a 30 day extension but then what?
Every day we all have obstacles to getting our goals met and the work done. Even something like a flat tire or a traffic jam causes delays. In one of my procurement projects, a trainload of product was delayed which was going on sale the following day. Trust me, there was a lot of drama and turmoil in the office. Finally the product was delivered within a few hours of the sale.
Do you have contingencies in place for supply chain disruption? A famous quote is:
It is better to be prepared for an opportunity and not have one than to have an opportunity and not be prepared
So my question to you is, are you prepared? If so, what have you done? What would you recommend?