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The primary function of a supply chain is to ensure that its goods and services are available to consumers when they need it.
Stockouts and unwanted inventory can play havoc with a company’s supply chain and have the power to destroy its future growth potential.
History tells us that floods and droughts have caused civilisations to either flourish or perish. These are nothing but mismatches of water inventory in the locality.
Various systems in our body work day in and day out to prevent stockouts and excess build-up of blood, oxygen, water and various other essential elements.
Why do we still have stockouts and excess inventory in our company’s supply chains? How should we learn from various natural calamities and diseases? How do Mother Nature and human body mitigate it and ensure our well-being?
Point to ponder…