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Supply Chain Management in FMCG
Effective Risk Management In Increasingly Fragmented Supply Chain Networks
Tags :
packaged goods, FMCG, consumer goods, supply chain, scm, supply chain management, global supply chain management, logistics, inventory management, operations management, supply chain logistics, logistics management, warehouse management, transportation management, 3pl, 4pl, consumer products, scm fmcg
Industry :
FMCG/Foods/Beverage
Functional Area : Logistics & Supply Chain |
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About "Effective Risk Management In Increasingly Fragmented Supply Chain Networks" topic:
Discuss here key issues related risks mitigation & business continuity planning (BCP) for supply chains.
3 insight
on topic: "Effective Risk Management In Increasingly Fragmented Supply Chain Networks"
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Are you aware of the tained imports from china, and other cases of supply chain risks?? Experts say the emergence of these deficient goods highlights the risks associated with today’s global supply chains. The far-flung networks of suppliers and transportation systems connecting them to their destinations present a new set of challenges. Another important problem is visibility, ie the company is not able to keep track on all the people in the supply chain because of its wide distribution. Following this is the problem of increased speed, increased speed as such is not a problem but increased speed means less time on product checks. Such threats to the supply chain increase the importance o...
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Fast moving consumer goods!, as the name suggest they move fast out of your shelves and needs to be stocked again, in the speed it moves away from the shelves Hence supply chain is the heart of fmcg goods and, if at all your scm lets you down you should be ready to manage the disruption. are you ready for the game? When it comes to global supply chains, the potential for disruption comes in many forms, from large-scale natural disasters and terrorist attacks to plant manufacturing fires, wide-spread electrical blackouts, and operational challenges such as shipping ports too small to handle the flow of goods coming into a country. Disruptions in supply chain are inevitable, but we shou...
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Ajay surya Kongara
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1)JIT and ERP are the best techniques for the FMCG to improve Supply chain.I can agree, it is very difficult to Bring all the products under JIT practices. 2) If we impliment best Software solutions like SAP or Xelus , we can reduce Inventory...
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When calculating risk we cannot zeroise the risk rather we can manage the risk in such way that minimize the effect of losses, may it be a financial, production, logistics and etc. Especially in Supply Chain of FMCG, one can only take calculated risk. In such times when recession cycle have reduced to every 2 years, and companies continously revisit their cost numbers, short term to one time contract is preferrable. Long term association with one supplier can always get risky as the supplier may always ask enhanced rates. I suggest there should be multiple suppliers for companies. For companies who operates on single supplier based where their is only one supplier in the market, then the co...
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