How can I better anticipate and prevent supply chain disruptions?
Supply chain executives tell us that their two biggest concerns are disruptions to product or service delivery and high supplier operational costs. Reasons for these concerns are:
Ensuring effective supply chain management
To minimize product or service disruptions and reduce operational costs, supply chain teams need to be able to automate the collection and assessment of supplier data and synchronize and continually update data between the AP system and vendor master or procurement system. Key criteria for effective management should include:
Aravo can help
Aravo has helped many supply chain departments lower their operational costs and minimize product and service disruptions with Aravo SIM and Aravo Risk. For more information, please click on one of the choices below.
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"Companies that take the time to closely evaluate all aspects of supplier complexity and its impact on transaction costs, risks, responsiveness, and innovation are on the right track to improving the overall effectiveness of their supply management."
Thomas Choi, Director Center for Supply Networks, Arizona State University