Reopen - 3 – Supply Chain
Understanding your supply chain is a critical factor in reopening and ensuring you can meet the demands of your customers. Begin by reviewing the questions below and then the topic-specific resources.
- Have you connected with each vendor, supplier, and member of your supply chain?
- Do you have a clear picture of each link in your mission-critical supply chain?
- Have you clearly communicated your needs and expectations to your suppliers?
- Is there a need to renegotiate pricing or payment terms with those in your supply chain?
- Do you have defined alternatives in the event that one or more of your suppliers is unable to meet your needs?
- Is there a plan in place for continuously analyzing the performance of your supply chain?
Resources
FEMA – Supply Chain Resilience Guide – 2019Article – The Importance of Supply Chain Resilience
Global Trade – April 10, 2020
Association for Supply Chain Management
Navigating the Impact of the Coronavirus on Your Supply Chain