{"id":31072,"date":"2020-03-25T17:20:18","date_gmt":"2020-03-25T17:20:18","guid":{"rendered":"https:\/\/www.dvirc.org\/insights\/importance-of-supply-chain-disruption-planning\/"},"modified":"2023-03-08T14:02:01","modified_gmt":"2023-03-08T14:02:01","slug":"importance-of-supply-chain-disruption-planning","status":"publish","type":"post","link":"https:\/\/www.dvirc.org\/insights\/importance-of-supply-chain-disruption-planning\/","title":{"rendered":"Importance of Supply Chain Disruption Planning"},"content":{"rendered":"<p>As the COVID-19 health crisis impacts global supply chains, DVIRC is stressing the importance of having a plan in place prior to disruptions to your supply chain. The following checklist can help your company react to and prepare for disruptions.<\/p>\n<h2>If your supply chain is already impacted:<\/h2>\n<ul>\n<li>Let DVIRC know so we can advise of available resources or support.<\/li>\n<li>Consider short-term and long-term impacts when making decisions (your ability to make sales, impacts on production schedule, staffing, etc.).<\/li>\n<li>Realize alternative suppliers are probably getting similar requests from other companies and have capacity limits and\/or higher prices.<\/li>\n<li>Contact DVIRC to see if we are aware of any alternative suppliers within Pennsylvania or nationally through the Manufacturing Extension Partnership National Network\u2122.<\/li>\n<\/ul>\n<h2>If you suspect there may be disruptions to your supply chain:<\/h2>\n<ul>\n<li>Contact your suppliers, carriers, forwarders and brokers immediately to confirm.<\/li>\n<li>If possible, build inventories of your short raw materials and secure production and transport capacity from your supply chain partners.<\/li>\n<li>Start sourcing alternative suppliers as needed.<\/li>\n<li>Identify a resource at your company to monitor the crisis and potential impacts to your supply chain.<\/li>\n<\/ul>\n<h2>Preparing for the next disruption:<\/h2>\n<ul>\n<li>Conduct a Total Cost of Ownership (TCO) analysis to revisit overseas sourcing.<\/li>\n<li>Conduct a risk assessment of your supply chain and implement changes to handle risks.<\/li>\n<li>Consider dual sourcing (locally and overseas) for critical components.<\/li>\n<li>Have a disaster response plan in place.<\/li>\n<li>Have a process to monitor global events to identify potential supply chain disruptions early.<\/li>\n<\/ul>\n<h2>Other Considerations:<\/h2>\n<ul>\n<li>Communication is key\u2014talk to your customers, suppliers, carriers, forwarders and brokers about potential supply chain disruptions, and how you can work together to mitigate issues.<\/li>\n<li>Remember that the impacts vary across the global supply chain, so local suppliers can also be affected based on their sources of supply.<\/li>\n<li>Travel and workforce issues overseas can impact your local supply chain.<\/li>\n<li>Remember that you face competition for global product and transport resources.<\/li>\n<\/ul>\n<p>DVIRC\u2019s team of experts conduct primary and secondary research to help small and midsized manufacturers with critical supply chain needs and identify key suppliers. For a free consultation,\u00a0<a href=\"https:\/\/www.dvirc.org\/contact\/\"><strong>contact us here<\/strong><\/a>\u00a0or contact <a href=\"mailto:cscafario@dvirc.org\" target=\"_blank\" rel=\"nofollow noreferrer noopener\">cscafario@dvirc.org<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p><em><strong>Original Source:<\/strong> The Center for Industrial Research and Service <a href=\"http:\/\/www.ciras.iastate.edu\">www.ciras.iastate.edu<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"As the COVID-19 health crisis impacts global supply chains, DVIRC is stressing the importance of having a plan in place prior to disruptions to your supply chain. The following checklist can help your company react to and prepare for disruptions. If your supply chain is already impacted: Let DVIRC know so we can advise of [&hellip;]","protected":false},"author":8,"featured_media":31073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Importance of Supply Chain Disruption Planning &#8211; DVIRC<\/title>\n<meta name=\"description\" content=\"As the COVID-19 health crisis impacts global supply chains, DVIRC is stressing the importance of having a plan in place prior to disruptions to your\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dvirc.org\/insights\/importance-of-supply-chain-disruption-planning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Importance of Supply Chain Disruption Planning &#8211; 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