oboloo

oboloo Glossary

Improve Supply Chain Resilience

oboloo Glossary

Improve Supply Chain Resilience

Improve Supply Chain Resilience is the practice of maintaining a proactive approach to ensure supply chain operations can remain resilient to varying disruptions, risks, and future business opportunities. This approach ensures that businesses have the necessary tools in place to weather any potential storms and capitalize on their competitive advantage. It involves management techniques such as developing comprehensive risk assessment models, effective forecasting capabilities, evaluating supplier performance, creating contingency plans, and implementing technologies for greater visibility throughout the entire process. By improving supply chain resilience, businesses can reduce potential losses and maximize efficiency.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971