Obsolete components are the hard to find electronic components in the regular market. With technological advancements everyday, it is becoming challenging to find obsolete components. Supply chains are not left unhinged under this scenario, they go through several challenging phases and deal with real issues everyday. Some of the challenges being faced by supply chain managers today have been listed below:
Inventory Management:
Inventory is no longer associated with just box counting alone. Today, the warehousing industry is one of the most challenging phenomenon and it must work in synch with other company departments to exceed client expectations. In order to cope up with timely delivery of large orders, the companies need to stock enough inventory to avoid any delays in orders or else the profits might be affected.
Supplier Management:
Like with great power comes great responsibility, similarly with inventory comes suppliers and it can be a daunting task to manage them. Supply chain managers have to be absolutely aware when they need to procure one item or more from a supplier. They also have to manage the suppliers in an adequate manner to maintain their services with consistency and reliability at the right prices.
Quality Control:
Ever since globalization, managers often face challenges in the form of maintaining quality control of the products manufactured overseas, which are not in synch with prescribed standards of their country. Thus, supply chain managers also have to ensure that different products they procure are of standardized quality and can fit well in the supply chain. Failing to do so can affect the cash flow adversely.
Risk Management:
Supply chain managers have to take care of supplier issues in such a way that it doesn’t affect the company adversely. They often have different vendors around the globe to mitigate the risk of losing supply from a single supplier in case of any calamities like earthquake etc. They need to have proper backup plans to maintain their company’s profits at all times.
Hence, a supply chain manager’s job isn’t easy. They have to factor in all risks and possibilities across the supply chain at all times. SCM is a silent process but has to run smoothly for a company to function properly.
Inventory Management:
Inventory is no longer associated with just box counting alone. Today, the warehousing industry is one of the most challenging phenomenon and it must work in synch with other company departments to exceed client expectations. In order to cope up with timely delivery of large orders, the companies need to stock enough inventory to avoid any delays in orders or else the profits might be affected.
Supplier Management:
Like with great power comes great responsibility, similarly with inventory comes suppliers and it can be a daunting task to manage them. Supply chain managers have to be absolutely aware when they need to procure one item or more from a supplier. They also have to manage the suppliers in an adequate manner to maintain their services with consistency and reliability at the right prices.
Quality Control:
Ever since globalization, managers often face challenges in the form of maintaining quality control of the products manufactured overseas, which are not in synch with prescribed standards of their country. Thus, supply chain managers also have to ensure that different products they procure are of standardized quality and can fit well in the supply chain. Failing to do so can affect the cash flow adversely.
Risk Management:
Supply chain managers have to take care of supplier issues in such a way that it doesn’t affect the company adversely. They often have different vendors around the globe to mitigate the risk of losing supply from a single supplier in case of any calamities like earthquake etc. They need to have proper backup plans to maintain their company’s profits at all times.
Hence, a supply chain manager’s job isn’t easy. They have to factor in all risks and possibilities across the supply chain at all times. SCM is a silent process but has to run smoothly for a company to function properly.
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