OM extra credit

Inventory Management

  • Maintain a stockpile of inventory.

  • Provides a buffer against disruptions or demand changes.

  • Enables continued delivery of products to minimize impacts.

Real-Time Strategies

  • Real-time monitoring and demand forecasting.

  • Scenario planning through business continuity planning (BCP).

  • Focus on predicting disruptions to the supply chain and strategizing solutions.

Importance of Preparedness

  • Preparedness is crucial for unexpected disruptions such as global pandemics.

  • Encouragement for team discussion on resilience strategies.

Case Study: Tornado in Nashville (March 2020)

  • Severe tornadoes impacted distribution facilities in Nashville.

  • Discussion on developing a recovery strategy for affected facilities.

  • Significant damage necessitated immediate planning and action.

Key Strategies for Recovery

  • Evaluate damage to buildings and assess employee safety.

  • Implement business continuity plans (BCPs).

  • Shift operations to alternative facilities with capacity.

  • Consider outsourcing warehousing for continuity.

  • Importance of communication and ongoing situation monitoring.

Innovative Ideas for Resilience

  • Investment in climate-resilient infrastructure to future-proof operations.

  • Recognizing employee safety as a priority in all plans.

Immediate Response Actions

  • Damage assessment and evaluation of safety and inventory.

  • Activation of alternate distribution routes and logistics redirection to minimize disruptions.

Future Considerations

  • Continuous improvement of business continuity plans based on experiences.

  • Incorporating employee safety and operational flexibility in planning.

Additional Case Discussion: Hurricane Preparation

  • Preparation measures for hurricane scenarios discussed.

  • Importance of insurance, coverage, and employee safety.

  • Assessment of supplier capacities to handle manufacturing disruptions.

Returns and Trade-ins Process

  • Challenges in labor and quality of returned parts.

  • Balancing increased processing time against benefits for future service needs.

Political and Economic Factors

  • Impact of political uncertainty and tariffs on supply chain decisions.

  • Diversification of manufacturing locations to mitigate costs.

Career Advice from Nikki Dizon

  • Emphasis on exploring various majors through involvement and internships.

  • Encouragement to connect with professors and industry professionals for guidance.

  • Utilizing LinkedIn for networking and professional opportunities.