Supply chains are under immense pressure to counteract supply instability stemming from runaway price inflation and severe material shortages.
Gartner’s industry analysts have identified 14 supply chain management practices proven to offset the impact of supply constraints. These practices are categorized into one of the following four strategies:
- Shaping orders, such as using incentives to direct demand toward available products
- Shaping portfolios around critical platforms and alternative materials
- Securing lower tiers to maintain continuous supply
- Optimizing allocation of constrained resources by collaborating with suppliers
See the list of 14 tactics for counteracting current supply instability, including:
- Industry best practices that you can adapt to your supply chain
- Practical ideas for developing supplier relationships
- Risks and solutions to critical material issues