How we can reduce the consequences of delay in delivery ontime from the supllier in supply chain management?
Question:
Answer:
Well, first you need to understand your sourcing network. then, you need to come up with some kind of supplier scorecard. That will help you understand how your suppliers are performing. It will also allow you to better understand their past behavior. You may use this scorecard in order to penalize the supplier (giving them less business in the future).
Now, let's get to the impact side. You need to somehow communicate with your supplier. By that, I mean that you need to be notified ahead of time of shipments are ontime. One you know that, you can run simulation against your network and then effectively notify the stakeholders.
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