The pandemic has tested supply chains to their limits and highlighted supply chain weaknesses, resulting in massive disruption to their operations. In fact, 94% of Fortune 1000 companies are seeing supply chain disruptions from COVID-19. However, as supply chains start getting back on their feet, many businesses are taking a long, hard look at their supply chains to mitigate the risk of future disruptions and ensure resilience for the future. Here are supply chain lessons that we can all take away from the experience and apply in 2021 and beyond.
Enable Blog — Supply Chain
In the supply chain and the rebate world, you will often hear the terms supplier and vendor used interchangeably when supply chain roles and duties are discussed. Even here at Enable we sometimes call supplier rebates, vendor rebates. They both supply goods and services, but there are certain attributes that make each one a distinct term in the supply chain world, which we will discuss in more detail below.
Companies around the world are shifting to global supply chains, which although allows companies to source materials and manufacture products more cost-effectively it comes with many challenges. It can make it more difficult to connect with the right people in the supply chain, resolve concerns, and respond quickly to changes and unexpected events otherwise known as supply chain disruption.