Due to numerous delivery risks and delivery disruptions, one particular approach that had almost become obsolete has enjoyed a new renaissance in recent years:<\/p>\n
\ud83d\udca3Inventory Building and Increasing Safety Stocks (CFOs have been in great pain ever since)<\/p>\n
Times are changing: A 2024 McKinsey survey revealed that this approach has changed in recent months, and companies have become increasingly confident in their markets, suppliers, investments, and resilience projects to minimize risks in their supply chains.<\/p>\n
\u270546% expect to reduce or eliminate risk buffers, with inventories falling back to or below prepandemic levels. For those supply chain leaders who are still hoping for the mercy of the supply chain gods, here are a few practical tips for building effective tools to start their supply chain risk approach:<\/p>\n \ud83d\udca1Foster a risk culture and awareness of supply chain integrity with Humans and the environment in mind \ud83d\udc49<\/span><\/span> Most Procurement teams will focus on cost-down management for 2025. Robust supply chain (risk) management avoids unplanned costs and is an elementary component of holistic and successful cost management.<\/p>","protected":false},"excerpt":{"rendered":" Due to numerous delivery risks and delivery disruptions, one particular approach that had almost become obsolete has enjoyed a new renaissance in recent years: \ud83d\udca3Inventory Building and Increasing Safety Stocks (CFOs have been in great pain ever since) Times are changing: A 2024 McKinsey survey revealed that this approach has changed in recent months, and companies have become increasingly confident in their markets, suppliers, investments, and resilience projects to minimize risks in their supply chains. \u270546% expect to reduce or eliminate risk buffers, with inventories falling back to or below prepandemic levels. \u270547% say they plan to keep their overall inventories current. \u270573% of leaders report progress on dual-sourcing strategies. \u270560% acting to regionalize their supply chains. \u270560% show comprehensive visibility of their tier-one suppliers. For those supply chain leaders who are still hoping for the mercy of the supply chain gods, here are a few practical tips for building effective tools to start their supply chain risk approach: \ud83d\udca1Foster a risk culture and awareness of supply chain integrity with Humans and the environment in mind \ud83d\udca1Engage people, teams, and functions and make robust supply chains a corporate effort \ud83d\udca1Establish a comprehensive organizational integration; don\u2019t just put task forces in place \ud83d\udca1Go digital and use effective supply chain tech; combine human skills with digital skills \ud83d\udca1Break boundaries and collaborate even with competitors \ud83d\udca1Stop working in silos and use all channels to exchange, support and share intelligence \ud83d\udc49 Most Procurement teams will focus on cost-down management for 2025. Robust supply chain (risk) management avoids unplanned costs and is an elementary component of holistic and successful cost management.<\/p>","protected":false},"author":2,"featured_media":4554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","entry"],"yoast_head":"\n
\n\u270547% say they plan to keep their overall inventories current.
\n\u270573% of leaders report progress on dual-sourcing strategies.
\n\u270560% acting to regionalize their supply chains.
\n\u270560% show comprehensive visibility of their tier-one suppliers.<\/span><\/span><\/p>\n
\n<\/span>\ud83d\udca1Engage people, teams, and functions and make robust supply chains a corporate effort
\n<\/span>\ud83d\udca1Establish a comprehensive organizational integration; don\u2019t just put task forces in place
\n<\/span>\ud83d\udca1Go digital and use effective supply chain tech; combine human skills with digital skills
\n<\/span>\ud83d\udca1Break boundaries and collaborate even with competitors
\n<\/span>\ud83d\udca1Stop working in silos and use all channels to exchange, support and share intelligence<\/span><\/p>\n