Supply chain mapping can make all the difference when the tough gets going
Supply chain mapping is a critical process that involves identifying all the stages involved in producing and delivering goods or services, as well as the dependencies between them. This process provides companies with a comprehensive understanding of their supply chains, including potential risks and vulnerabilities. By mapping out the supply chain, companies can identify potential risks and vulnerabilities in the process. This helps them to develop contingency plans to mitigate these risks, which can improve the resilience of the supply chain. Supply chain mapping also helps companies to identify single points of failure, such as suppliers that are critical to the production process. By diversifying suppliers, companies can reduce their reliance on any one supplier, which can improve the resilience of the supply chain.
Supply chain mapping can also help to improve transparency in the supply chain. This can help companies to identify issues, such as poor working conditions or environmental concerns, and take steps to address them. This can improve the reputation of the company and reduce the risk of supply chain disruptions. Supply chain mapping can also help to improve communication between different stakeholders in the supply chain. By having a clear understanding of the supply chain, companies can work more effectively with their suppliers and customers to address any issues that arise.
In a recent column in Supply Chain Management Review, a story surfaced about how a LAN transformer led to thousands of Audi, Bentley, and Porsche vehicles being stuck at U.S. ports, potentially breaching the U.S. Uyghur Forced Labor Prevention Act.