Securing your supply chain

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Securing your supply chain

Can you create a secure supply chain? We talk to Serena Cooper of QMS International to find out how

For many businesses, the supply chain is essential and operating a secure supply chain is critical to success. Without measures in place to secure your supply chain, your organisation is at risk. The security of your supply chain is an integral part of supply chain management that looks at the risks associated with external suppliers, vendors, and others. Supply chain security aims to identify, analyse, and mitigate the risks that come as part of working with other organisations.

Working in the manufacturing, engineering, and construction sectors you will be aware of the continued supply chain difficulties being experienced in your industries. Major concerns such as an unstable global economy and postpandemic recovery mean businesses face uncertainties. So, making your supply chain as secure as possible should be a high priority.

So what can you do to create a secure supply chain? Here are some key points to consider:

Choosing suppliers

It can pay to build a good relationship with suppliers. Choosing a supplier based solely on cost could mean poor quality so it is important to check the quality of supplies is consistent. A supplier needs to be reliable; a late delivery could cause delays and let your customers down. Look at the benefits of having a diversified supply network. It is important to weigh up the cost of keeping the supply chain closer to home against longer lead times and shipping costs of international sourcing.

When choosing and negotiating with suppliers do the due diligence before entering into a contract. Consider their value for money, service, reliability, and quality. If possible, go and visit suppliers on their premises to ensure they are the right fit for your business.

Risk planning

Supply chain risk management enables businesses of all sizes to take advantage of best practice strategies that mitigate risk and set them up for success. Having increased visibility over the supply chain helps identify risks or potential issues that may arise and can help you prepare and respond effectively.

This could mean having an alternative supplier identified as a backup in case your regular supplier lets you down. This ensures you can guarantee order fulfilment and keep everything running. By adopting a mindset of continuous assessment and improvement, your organisation can mitigate future risks and recover quickly if a disruption occurs. Choosing a supplier based solely on cost could mean poor quality so it is important to check the quality of supplies is consistent

Communication is key

Communication plays an integral part in supply chain management. This is evident in the security industry with installers, subcontractors, manufacturers and distributors involved at every step. Without a proper line of communication, clear expectations on tasks and traceability of materials and equipment, projects are likely to be delayed and over budget. Being able to easily communicate with the supply chain makes it easier to regularly audit suppliers and enables better quality management, with efficiency minimising waste and keeping costs down.