MBA Associates Limited

Letter to the Editor Security of supply



Dear Ian

The sector is currently beginning to see company failures be it complete insolvency and the ‘death’ of the business, pre-packs with all that entails or ex owners/employees starting new ventures after a failure. We are I’m afraid going to see more of this and Security of Supply is an issue that those who trade in this sector should not ignore. Many pay attention to price and quality, ease of dealing and personal ‘fit’ from a supplier but the failure of a supplier can be a very costly problem for a customer, orders in progress get stalled, warranties are lost, time sourcing new supply and gaining your own customer’s acceptance of the change, maybe retooling or altering other processes, increased cost for an alternative you have sold on a cost plus basis and many other consequences are costly burdens just when no-one needs extra cost.

A focus on sales and efficiency is essential but a review of the supply chain that includes sustainability should also be on a business’s agenda right now, you can’t build houses without bricks (no matter how cheap the bricks you can’t get would have been !)

Regards

Chris Ball
Director


MBA Associates Limited

MBA Associates Ltd is a specialist consultancy that partners clients to Recruit, Retain and Develop Top Performing Teams. Using sophisticated and proven methods that are different to the usual recruitment agency MBA has an enviable track record of Job Matching with currently over 76% of candidates recruited are retained after one year (statistics from Harvard Business review show 14% success rate is average on CV alone!)



News title: -    Letter to the Editor Security of supply
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1 message received  13/08/2020 12:04:27  18740