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10 ways to build a supply chain risk & contingency plan
When a supply chain disruption occurs, businesses need to have mitigation plans in place to prevent loss of market share to better prepared or less affected.
Infitrak has assisted companies in developing supply chain continuity plans for multiple modes of transport and the weather patterns that can affect them. Since weak spots in the system often arenât apparent until after a disaster strikes, the plans should include qualified packaging, temperature mapping studies, redundancies and a cloud based global information system that links information about environmental conditions to logistics information around shipments.
Below are some of the top 10 things you can do to help build a supply chain contingency plan that helps you âweather the stormâ:
Know your regulations and make sure you are up to date with the latest changes. This not only makes the difference in product quality, but affects the cost of package, the types of carriers you should use, and the ability to distribute across borders.
Assign a âresponsible personâ establish and maintain GDP guidelines that allow you to oversee audits, maintain quality systems, ensure adequate records are maintained, create and maintain training of personnel, and build communications plans around recalls or other incidents
Gain better control of your supply chain through improved visibility and traceability. That means knowing where your products are at all times and the condition of the product at each stage of the distribution process.
It is important to minimize data loss by leveraging a SaaS-based model for 24-7 Internet data access to assure monitoring conditions are maintained and that records are archived.
Demand visibility into all of the activities of your fleet, drivers and suppliers to assure that the chain of custody is always seamless.
Prior to beginning a transport, plan for contingency events along route. Perform due diligence by looking at potential delays due to weather, customer intake, vehicle breakdowns, TCU malfunction, & temperature excursions.
Evaluate how decision makers will know when a contingency event has occurred and what options are available for responding. This may mean implementing a live data capture system that alerts key personnel as needed.
Minimize revenue loss by making a commitment to ensuring your supply chain processes are resilient and flexible through innovative technology products, allowing your business to react quickly and rebound from a disaster efficiently, with little revenue loss.
Consider pre-coordinating with service locations along the route. Ensure a complete understanding of the service they offer and obtain contact information, particularly for after hours events to enable timely action. Communication and training are essential when high value products are at risk.
Evaluate your distribution models and look for areas to improve. Consider carrier report cards, temperature mapping studies and a gap analysis. Often times these studies pay for themselves.
What strategies do you have in place for risk management? Let us know.













