The Need for Speed in the Face of Supply Disruptions

Speed is critical when identifying the impacts of a disruption on your supply chain. Ideally, organizations facing disruption need to activate contingency plans and move materials, sites, commodities, and products as needed. Organizations that are too slow to react open themselves to increased reputational risk and financial risk.
From APQC’s Sourcing and Procurement: 2024 Blueprint for Success, this article details the importance of speed in the face of supply chain disruptions and how organizations can leverage technology to improve their response times. These findings are supported by data from APQC’s Open Standards Benchmarking research in procurement and examples from successful organizations.