Last updated on 2024年8月31日

You're facing inventory shortages from multiple suppliers. How do you decide who gets priority?

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Facing inventory shortages from multiple suppliers is a common challenge in business. When products are flying off the shelves faster than they can be restocked, you're caught in a tight spot. Deciding who gets priority among your suppliers is crucial to maintain a steady flow of goods, keep customers happy, and ensure the lights stay on. This decision-making process can be complex, involving various factors such as lead times, contract terms, and the strategic importance of each supplier. By understanding these elements, you can navigate through shortages with confidence and mitigate the impact on your business operations.

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Mamadou CISSE

MBA IAE / EMBA-IFG -Managememt -Gestion -Sourcing et performance industrielle

1 Assess Impact

When prioritizing suppliers during inventory shortages, it's essential to assess the impact on your business. Consider which products are most critical for your revenue and customer satisfaction. If certain items have higher profit margins or are in greater demand, securing their supply should be a priority. Additionally, evaluate the consequences of running out of stock for each product. Some shortages may lead to lost sales, while others could damage your reputation or customer relationships in the long term. By weighing these factors, you can make informed decisions on which suppliers to prioritize.

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Mamadou CISSE

MBA IAE / EMBA-IFG -Managememt -Gestion -Sourcing et performance industrielle
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Partager l’information avec les clients internes et recueillir les avis. Prioriser en fonction de l’impact sur la production et la maintenance des machines. Il faudrait prendre en compte également le lieu de provenance des fournisseurs pour anticiper sur les délais et les crises qui perturbent la logistique mondiale.

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N’Guettia Kobenan

Saputo Dairy Products Canada GP
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- Develop a Shortage Attack Team (or better shortage management processes) . - Improve Supplier Collaboration. - Ensure accurate inventory data and improve forecasting process by the way invest into digital technology.

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2 Contract Terms

Understanding the terms of your agreements with each supplier is another key factor in your decision-making process. Some contracts may include clauses that affect your ability to adjust orders or prioritize one supplier over another. For instance, minimum purchase requirements or penalties for order changes can influence which suppliers you are able to prioritize. It's important to review your contracts carefully and communicate with your suppliers about any potential changes to your orders. This will help you avoid legal issues and maintain good relationships with your suppliers.

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3 Supplier Reliability

Supplier reliability should not be overlooked when facing inventory shortages. Evaluate the track record of each supplier in terms of their delivery performance and quality consistency. Suppliers that have historically met deadlines and maintained high-quality standards are generally more dependable in critical situations. Prioritizing reliable suppliers can minimize the risk of further disruptions and ensure that restocking efforts are successful. It's also wise to consider backup options for suppliers that have been less reliable in the past.

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Mamadou CISSE

MBA IAE / EMBA-IFG -Managememt -Gestion -Sourcing et performance industrielle
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La fiabilité des fournisseurs devra être vérifié en prenant en compte la qualité des services et des biens, le respect des délais et la capacité financière. Les fournisseurs critiques devront être évalués et le renforcement des relations restera une priorité. Le sourcing devra être constant pour minimiser les co?ts et participer au maintien du budget établi.

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4 Lead Times

Lead time is the period between placing an order and receiving it. In a situation with multiple suppliers and limited inventory, understanding and comparing the lead times of each supplier is crucial. Prioritize suppliers with shorter lead times to quickly replenish stock and meet customer demand. However, also consider the reliability and quality of the suppliers; a short lead time is beneficial only if the supplier consistently meets their commitments. Balancing lead time with supplier performance can help you make strategic decisions that benefit your business.

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5 Strategic Partnerships

Some suppliers may be more than just vendors; they could be strategic partners who play a pivotal role in your business's long-term success. In times of shortage, it's important to consider the strategic value of each supplier. Those who are integral to your business model, provide unique products, or offer competitive advantages might deserve priority. By fostering these relationships, you not only secure immediate inventory needs but also strengthen partnerships that can lead to future growth and stability.

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Mamadou CISSE

MBA IAE / EMBA-IFG -Managememt -Gestion -Sourcing et performance industrielle
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Le renforcement du partenariat se fera avec les fournisseurs critiques. Une évaluation est donc nécessaire. Les Achats devront mettre en priorité les partenariats stratégiques qui préservent la pérennité de l’activité.

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6 Flexibility Options

Lastly, consider the flexibility options each supplier offers. During shortages, suppliers who can offer alternative products, partial shipments, or flexible delivery schedules can be invaluable. Prioritizing these suppliers can help you maintain some level of inventory and continue operations while you wait for full restocking. Open communication with your suppliers about your needs and their capacity to meet them can lead to creative solutions that benefit both parties during challenging times.

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You're facing inventory shortages from multiple suppliers. How do you decide who gets priority?

1

2

3

4

5

6

1 Assess Impact

2 Contract Terms

3 Supplier Reliability

4 Lead Times

5 Strategic Partnerships

6 Flexibility Options

Supplier Sourcing

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You're facing inventory shortages from multiple suppliers. How do you decide who gets priority?

1

2

3

4

5

6

1 Assess Impact

2 Contract Terms

3 Supplier Reliability

4 Lead Times

5 Strategic Partnerships

6 Flexibility Options

Supplier Sourcing

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感谢您的反馈

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