With the volatility of the supply chain continuing to impact the way in which organizations operate, more and more organizations are improving their supply chain planning strategies. Most of their adjustments are being made in the name of bettering operational and financial management to reduce the risks associated with supply chain failures. Planners work to address supply chain issues on a constant basis. Instead of being reactive, they are proactive, examining a range of what-if situations and creating a plan to recover from them if they occur. For example, sudden surges in demand will require a much different approach to solve in comparison to rapid drops in demand. Similarly, issues surrounding inventory placement complications and supply shortages will require their own unique solutions that organizations will have to determine on their own. While it may seem difficult to forecast something as sporadic as the supply chain, there are methods to the madness. Interested in learning more about those methods? Be sure to continue reading on to the infographic included alongside this post.
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