How to Minimize Risks Through Supply Chain Mapping

Since the pandemic, supply chain disruptions have become a regular challenge for manufacturers. They can happen at any time, and have a significant impact on operations.

To avoid or minimize the damage that such disruptions can cause, it’s important for companies to assess potential risks and develop a plan to manage those risks. However, this isn’t always easy. If you lack a dedicated supply chain team, the right tools or sufficient training, addressing these risks can be especially challenging.

Even if your company has limited resources, you can still effectively manage your operations by mapping the supply chain of one of your key products. This provides a way to gain valuable visibility for a modest investment. An effective way to do this is with a visual aid, as opposed to a dense spreadsheet. It provides insight into where increased safety stock and inventory buffers may be needed. It can also help identify risks and opportunities, as well as provide a roadmap for a more effective supply chain risk management review. 

To get started, collect the needed data and create a visual map that illustrates:

• Where mat…