Supply Chain Readiness
Supply Chain Readiness refers to the ability of a company to effectively manage its supply chain operations in response to market demands. This includes having the right resources, processes, and technology in place to ensure timely delivery of products and services. Companies assess their readiness by evaluating factors such as inventory levels, supplier relationships, and logistics capabilities.
A well-prepared supply chain can quickly adapt to changes, such as unexpected spikes in demand or disruptions caused by events like natural disasters. By focusing on risk management, collaboration with suppliers, and technology integration, businesses can enhance their supply chain readiness and maintain a competitive edge.