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Guidance for Tobacco Manufacturers- Mitigating Supply risks from COVID 19

Emaan March 16, 2020 No Comments

Guidance for Tobacco Manufacturers-  Mitigating Supply risks from COVID 19

Mitigating Supply risks from COVID 19

 

Weathering the storm

 

  • For each product group Identify locations of Tier 1 suppliers
  • Analyse the BOM & Identify locations of Tier 2 & 3 suppliers
  • Analyse the location spread in Countries where your suppliers are and note:-
    • quarantine period
    • lockdown 
    • Potential disruption in Industrial activity
  • Estimate % drop in production at suppliers over next 6months & time needed to recover
  • Collect the pipeline inventory & the earliest time you can receive those
  • Collect the inventory data of the affected parts and calculate the weeks of supply you have 
  • Update your forecasting models to estimate the sales of your products over the next 6 months 

 

 

Securing Short Term Supply

 

  • Enquire and identify which of your parts can be delivered by Suppliers with diversified sources e.g IZIPART.com 
  • Fill potential supply disruptions with suppliers who are currently managing to maintain operations 
  • Procurement criteria adapted to focus on lead time over cost after calculating financial risk of not having the part available

 

 

Securing Long Term Supply

 

  • Determine the optimal number of suppliers you should keep for each part  
  • Identify which of your parts can be procured from a diversified supplier e.g IZIPART.com to reduce stock outs in future 
  • Maintain accurate part information on record (Part number, name etc) to facilitate communication with alternative supply sources

 

 

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