Supply chain management Essay Example | Topics and Well Written Essays - 250 words - 1

Supply chain management - Essay Example Many companies have suffered huge losses and some of them have stopped the production for quite sometime. The disaster has caused a rise of imports and a decline in exports of the country, owing to many factors such as physical damage and loss of capital. This in turn has a great affect on the global supply chain management because until Japan completely recovers from this havoc and gets back to the production on a normal basis, all the firms globally that have depended on Japan for their supplies would have to search for other sources which may result in the compromise of quality. This would show the worst affects on firms that have adapted â€Å"Just in Time† strategy for inventory management as they plan to keep just enough sources with no excess inventory. â€Å"The coming days and weeks are going to be intense for supply management professionals†. ( â€Å"The Impact of the Japanese Tsunami on the Supply Chain† ). For my organization, I would make sure I main tain enough inventory and not completely rely on JIT strategy. I would make sure that my supplies come from different manufacturers (at least two) so that when one fails, the other can be of help. I would prepare my strategies for any unexpected disasters that can curb my production potential.