Supply chain management is vital for the success of an enterprise, hence the need to ensure that a strong relationship exists with your suppliers, which results in an excellent performance in the business. A robust supply chain can manage internal and outside disruptions and interferences while gaining more significance and continuing with its operations. A strong, robust supply chain is built on forecasting dynamic situations, being up to date with the logistics, and managing workflow to ensure customers are notified of incoming changes on time (Monostori, 2018). In addition, the robust supply chain has real-time information in it and tracking and tracing ability making it convenient for businesses to respond promptly to disturbances.
On the other hand, supply chain resilience is the capability of a supply chain to dodge the impact of a supply chain disturbance and recuperate on the occasion of startling events (GarcÃa-Alcaraz et al., 2019). A resilient supply chain optimizes its manufacturing processes by ensuring proper planning, diversifying the production network, actualizing capacity and stock buffers, and has advanced frameworks that help leverage data. (“Resilient supply chains – The OECD’s 4 keys to #resilient supply chains present analysis and evidence in response to unprecedented disruptions to international trade, in pursuit of #sustainable and #inclusive recovery,” n.d.) Hence a robust chain is not necessarily a resilient supply chain due to a lack of diversification and implementation of an inventory shield. A resilient supply chain helps an organization to survive an operational disturbance.
A manufacturing company facing disturbances in universal supply chains and can manage the tremors amicably is a perfect example of a robust supply chain. The company adopting software tools for creating a robust supply chain will eventually diminish the possible consequences of a disturbance. For this manufacturing company to cope with supply chain risk, it needs to embrace diversification in the supply sector and ensure it implements capacity and stock buffers. This will reduce risks, improve productivity and ensure systematic operations.
References
GarcÃa-Alcaraz, J., Jamil, G., Avelar-Sosa, L., & Briones Peñalver, A. (2019). Handbook of research on industrial applications for improved supply chain performance. IGI Global.
Monostori, J. (2018). Supply chains robustness: Challenges and opportunities. Procedia CIRP, 67, 110- 115.
Resilient supply chains – The OECD’s 4 keys to #resilient supply chains present analysis and evidence in response to unprecedented disruptions to international trade in pursuit of #sustainable and #inclusive recovery. (n.d.). Web.