11/27/2023

Navigating Supply Chain Resilience – Towards a Management Dashboard

The past two years have put Procurement into a constant task force mode, prompting many companies to reshape their supply chain processes and structures. The Procurement Initiative's Resilience Survey provides a tool for mapping the key challenges and capabilities in building supply chain resilience. 

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Building a Management Dashboard for Supply Chain Resilience

The past two years have put Procurement into a constant task force mode,prompting many companies to reshape their supply chain processes and structures.The Procurement Initiative's Resilience Survey provides a tool for mapping the key challenges and capabilities in building supply chain resilience. The insights offer a starting point to move from managing disruptions to rethinking supply chain operations.
 

  • 20% of companies are in a state of excessive risk, meaning that they have a significantly higher likelihood of being negatively impacted by supply chain disruptions
     
  • 59% of companies report resource limits as their biggest vulnerability. In particular, recruiting and retaining highly skilled workers and securing raw materials remain the top-ranking challenges
     
  • 68% of companies rank financial stability (e.g., financial reserves, high margins) as the most important capability to weather the stormy market conditions
     

Companies are highlighting particular vulnerability to:

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In the realm of supply chain resilience, simply knowing one's position is insufficient. Managers require actionable insights to enhance their strategies. Recognizing that each company thrives in a unique environment, we introduce the Supply Chain Resilience Dashboard to offer customized guidance for bolstering resilience while addressing specific needs and circumstances. 
 

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Understanding the current state of resilience based on our dashboard is a solid first step. However, to get to the next level and derive tailored recommendations for action, managers must consider three patterns going forward:
 

  • Monitoring resilience capabilities and vulnerabilities over time to identify room for improvement and close existing gaps.
     
  • Thinking cross-functional becomes key as single perspectives don’t paint the picture. Different stakeholder views need to be integrated into the resilience dashboard.
     
  • Understanding company and industry specifics requires a fundamental examination of the underlying supply chain and capability priorities.

Curious to get the full results? Download the Procurement Initiative's Whitepaper now!

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Learn more about The Procurement Initiative 

Meet The Procurement Initiative Team

Martina Buchhauser

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Martina Buchhauser

Richard McIntosh

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Richard Mcintosh

Laurin Zemmrich

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Brendan McVeigh

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Brendan McVeigh