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Getting comfortable with uncertainty in Supply Chains.
Supply chains are full of uncertainties. Most teams are uncomfortable with these uncertainties, both on the demand as well as on the supply side. It leads to several undesirable effects. It causes stockouts at times. It leads to surplus inventory. It results in loss of product freshness and obsolescence. Most importantly, it leads to regular firefighting and stress in the team.
How do we make the supply chain teams comfortable with the supply chain uncertainties?
The good news is that the undesirable effects are not caused by uncertainties, but due to our inability to deal with them. Our supply chain processes have been designed for certainty. No wonder, they fail in case of uncertainties.
The solution lies in designing the supply chain for uncertainty. It’s not rocket science. Sense the change faster. Create flexibility to respond faster. Synchronize the actions for flow. Empower the team to act.
It doesn’t cost money. We can do it through process modifications.
Run the supply chain without stress. Embrace uncertainties.