Read more in the Strong Links mini-series!
To better cope with the impacts of the COVID-19 pandemic, experienced suppliers and distributors advise their colleagues and customers to follow some basic recommendations and procedures. These include:
- Use personal protective equipment (PPE), social distancing, reduced staffing levels, body temperature checks, and enhancing cleaning and disinfecting procedures;
- Follow the rules and recommendations of local healthcare authorities for safely responding to COVID-19;
- Investigate, anticipate and manage risks to the supply chain, and establish a plan to gauge impacts, balance cash flow, and determine what's is needed for operations to continue;
- Build up added inventory or a safety stock of crucial items that are more likely to run low;
- Seek new backup sources for suppliers and networks that are more likely to be disrupted;
- Add more lead time to procurement, shipping and logistics processes to offset new delays;
- Investigate flexible financing and deferred payment options with trusted suppliers;
- Increase networking bandwidth and cybersecurity capabilities for remote workers;
- Learn to us online conferencing tools like Zoom, Microsoft Teams, GoToMeeting and others;
- Maintain an easy-to-use website and add functions for customers and remote staff;
- Enlist trusted partners to operate an integrated supply chain solution, and source products on your behalf;
- Research and employ online forecasting, analysis and procurement services like Z2A, Ariba and others to keep track of markets and proactively organize inventories; and
- Explore application programming interfaces (API) for automating system-to-system price checking, ordering and shipping.
About the author: Jim Montague