The ongoing coronavirus pandemic and its extraordinary impact on humans and businesses forces us to rethink existing supply chain practices. The traditional approaches will work until they are not disrupted. Conventional supply chain approaches may need to be re-examined for ensuring security of goods and services for sustainability and customer satisfaction. Organizations may need to collaborate with their suppliers to manage demand and supply shocks and gain visibility into extended supplier network to replenish stock in a timely manner. Organizations may also need to have a robust contract management system in place that can easily track Force Majeure clauses and mitigate risks or legal actions for non-compliance.
Tune in to the latest podcast “Navigating Unchartered Waters: Resilient Supply Chains in Uncertain Times of Corona Virus “ by Mr. Lalit Dhamija to know –
- To know about the actions procurement and supply professionals should be taking to manage the impact of supply chain disruption on businesses due to coronavirus
- What sort of Communication strategies should be adopted by Procurement and Supply Chain Professionals
- What are other important actions which Buyers shall take in these circumstances
About Author –
Mr Lalit Dhamija is a fellow of the Chartered Institute of Procurement and Supply (CIPS). He is an experienced supply chain practitioner in Oil and Gas industry with over 38 years’ of experience. He is also an executive Chairman of CIPS UAE Branch Committees and regularly contributes to the procurement body of knowledge through active participation in events, seminars, and conferences. Lalit previously worked for Abu Dhabi National Oil Company (ADNOC) group as a ‘Procedure and Process Assurance Manager’ for 28 years till the end of 2017. He is currently active as a corporate procurement and supply chain trainer and consultant and travels globally for training and coaching C-Suite executives of MNCs. For more information visit his website – www.lalitdhamija.com