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  1. #1
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    Default How do you analyze risks in handling supplies?

    Any business steps into any challenges especially about its supplies. In lieu of that , protecting our products from chaos is our major focus. But then what are the effective tactics in relation to mitigating risks? Can technology assists the business against supply chain challenges? Are there other tactics in managing or analyzing risks in handling or distributing products.

  2. #2
    deplorable basketcase Tellenbach's Avatar
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    A couple years ago, I read "In-N-Out Burger: A Behind-the-Counter Look at the Fast-Food Chain that Breaks All the Rules" and some of the questions you raised are addressed in the book.

    In-N-Out controls the supply chain by buying the farms that supply their potatos and beef. They solve the distribution problem by building air-conditioned trucks that deliver the beef patties and they choose the restaurant locations near freeways, both for easy distribution and for greater customer access.
    Liberty means the ability to say "No thanks, perhaps later. I'm gonna go take a nap now."

  3. #3

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    Nice. Good move - buying a their very own farm.

  4. #4
    resonance entropie's Avatar
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    If you are afraid of risks, you shouldnt do business

  5. #5
    Level 8 Propaganda Bot SpankyMcFly's Avatar
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    Quote Originally Posted by StrawberryJam View Post
    Any business steps into any challenges especially about its supplies. In lieu of that , protecting our products from chaos is our major focus. But then what are the effective tactics in relation to mitigating risks?
    In order to answer this more effectively specifics would help.

    Can technology assists the business against supply chain challenges?
    Of course. I work in transportation/operations backend and when push to talk first came out years ago, whole industries moved to it. Certain industries are very time senstive and seconds matter. Cell phones just don't cut it.

    Are there other tactics in managing or analyzing risks in handling or distributing products.
    A fundamental ability is to gather data quickly and efficiently. Computers are good. There are still many logistic/operations oriented businesses that are still using paper. Cloud based software allows some of these companies access to programs that allow them to collect and track data that can generate the reports needed to facilitate analysis.
    "The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... Some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age. " - H.P. Lovecraft

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