Thursday, November 12, 2009
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KNOWLEDGE MANAGEMENT TAGS
"Risk Management", "Supply Chain Management"
Supplies run dry at drinks retailer
British off-licence chain Threshers is suffering disruptions in its supply chain because of a reduction in credit insurance being offered to its suppliers.
The lack of insurance has led to disruptions in deliveries as well as some "temporary out of stocks in the supply chain", according to the Daily Telegraph in an example of how the current climate is impacting on supply chain strategies. The disruption also illustrates the importance of a robust risk management strategy.
"During the current recession, credit insurance has become a major issue impacting many retailers across the country," the company said in a statement. "FQR [its private-equity owned parent company, First Quench Retailing] has the full support of all the largest suppliers across each of our product categories who continue to extend favourable terms.''
Procurement Tags - Risk Management, Supply Chain Management
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