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An intelligent software solution can even give you access to real-time tracking updates, so you can avoid stockouts and backorders, and reduce your risk of paying high carrying costs. Experiment with Fuel Cards Many supply chain management strategies rely on the careful management of crucial vehicles and fleets.
Regarding risk, 86% agree that their company should invest more in technology to identify, track, and measure supply chain risk, with 35% strongly agreeing. 6 Risk Management You should take on the responsibility of mitigating risk to maintain a stable supply chain during times of uncertainty.
A detailed maintenance schedule outlining specific tasks and intervals ensures that no tasks are overlooked and that your fleet remains in optimal condition. Utilizing FleetTracking and Management Software Using fleettracking and management software, such as Finale Inventory, can greatly enhance your fleet management.
For manufacturers and logistics providers, understanding the legal risks tied to JIT systems is essential for risk management. Risks and Limitations Despite its strengths, JIT systems are highly sensitive to disruptions. These include localized sourcing, limited safety stock of high-risk components, and supplier diversification.
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