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Managing Supply Chain Disruptions

In today’s modern supply chain, disruptions both from unforeseen and preventable circumstances can spell disaster for any organization. Things like cyber-attacks, equipment failures and natural disaster can all negatively affect small- and large-scale operations from deliveries to budgets. There are a number of things that, once implemented, can better prepare your organization for both the controllable and uncontrollable supply chain disruptions it may face.

Cyber Attacks

Any business can potentially be a target to cyber criminals. It is important to first identify what data within your network is sensitive and what data is not. Educating your team members is crucial to keeping a secure network, especially warning about the potential hazards of using non-secure networks while on a work or even personal device. Backing up and encrypting data can be an efficient way to prevent cyber criminals’ access to your sensitive data and rendering it useless in the event that a breach of sensitive information occurs. There is also a wide selection of anti-malware and anti-virus software that can prevent malware and virus from entering your computer systems in the first place.

Equipment Failures

Initially, do your research on the equipment you are using. Looking at the common history of the equipment can give you insight on any common issues it may have throughout its lifetime as well as the average time the machinery lasts if used properly. This information allows you to plan accordingly and see what you may have to deal with in the future if you choose that specific piece of equipment. Keeping track and monitoring your equipment’s condition on a regular basis helps you keep track of their current health and any problem components that may be deteriorating faster than others. Many of these monitoring systems come standard in most machinery, but third party software is also available to track the condition of anything from printers to trucks.

Natural Disasters

Keeping up with current news on impending natural forces that could possibly disrupt your supply chain is the first step in being prepared. Researching and vetting potential suppliers in other regions of your country that can take over the distribution of orders while your main methods of distribution are unavailable. It is also important to note which of your suppliers are absolutely essential. Keep in mind what methods of transportation and specific routes are still available after the disaster hits. After it passes, a recovery plan is important to have to return your operation to its normal flow.

Simple steps can be taken today to help you and your business be prepared for any possible disruptions to the supply chain that may occur. Having plans prepared for potential incidents, as well as educating your team are powerful tools that alone could have a great impact on your preparedness and readiness in the face of natural disaster, cyber-attacks, equipment failures, or any other events that could arise.

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