How does the supply chain affect production efficiency?
The supply chain significantly impacts production efficiency by ensuring timely delivery of materials, reducing delays.
Can you give examples of how delays in the supply chain can affect production?
Certainly! Delays can lead to halted production lines, increased costs, and missed deadlines, affecting overall output.
What strategies can companies use to mitigate supply chain disruptions?
Companies can diversify suppliers, invest in technology for better tracking, and maintain safety stock to mitigate disruptions.
How do global events influence supply chain dynamics?
Global events like pandemics or geopolitical tensions can disrupt logistics, alter demand, and impact sourcing strategies.
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