Jude Mahony – Dynamic Business
Global Resourcing Strategist
Let’s Talk: Top tips for solving supply chain issues.
In recent years, we’ve seen how rising costs, disrupted supply chains, and lockdowns can adversely affect businesses of any size. But there are some solutions that, if followed, can reduce your risk and help make turbulent times a little easier.
This week on Let’s Talk, our experts share their tips that will help you address the risks and prepare your business for any supply chain shocks.
Let’s Talk.
“Supply chain issues are also people issues according to Resourcing Strategist Jude Mahony. As with all procurement of resources, people resourcing is also about supply and demand. Currently, we have a huge demand and a limited supply. So, what’s the solution? Do you try to ensure proactive sourcing much earlier to build multi-channel sourcing strategies and flag risks in the supply chain? If this was any other resource, you would be using multiple levers to strategically adjust the demand requirements and look at alternative supply channels.
“My top tips to solving supply chain issues are:
- Look at how you can you adjust the quantity of resources required.
- Adjust your requirements slightly to enable a broader supply pool.
- Look at different ways to improve efficiency in the process, remove duplication and automate where possible.
- Ask yourself if you’re a purchaser that vendors want to have a relationship with? Do you pay quickly and support them as they support you.
- Look at how can you adjust your timeframes while you work to make long term improvements.”