Question

company that manufactures high-tech electronic equipment is looking for ways to make their supply chain more resilient.

Explain what it means to make a supply chain more resilient.

Then, identify 2 potential supply chain risks and a way to make the supply chain more resilient for each one

Answer 1

Making your organisation resilient means to adjust yourself and able to withstand any kind of danger or risk which exists to your organisation in your operations. Many big organisations like Amazon , Google etc have a very strong supply chain management to tackle with the problems of the risks that comes with it.

1. Data Integrity: Data integrity refers ro how valid is the data that is being recived or being provided to the organisation. Data Quality talks about how accurate, complete and reliable is the data coming and going through. As no. of suppliers and competitiors are increase, the threat to supply chain in virtue of data and information is very high. One can easily track our data and use it for unethical purpose. Thus, to solve this risk every organisation should have a good protection and system for their computerised working of data and technology. Information should be stored effectively and code of ethics should be followed in the supply chain.

2. Connectivity: Many a times a supplier is not able to connect with your organisation because if end number of reasons like weather, loss in stock, stock finishes etc. In that case, if accurate and sufficient supply is not recieved, further production is delayed which hinders your productivity and performance. Thus, to solve this an organisation should have many suppliers in touch so in case if one backs out, he would have backups and resources to meet the demands of the people.