This document summarizes the impacts of the Russia-Ukraine conflict on global supply chains. It discusses how tensions between Russia and Ukraine escalated in 2021, angering Russia and leading them to increase troops at the border. It then outlines five key impacts the war has had on supply chains, such as increasing global commodity prices, organizations seeking alternative suppliers, stock shortages, and production/import disruptions. The document also discusses how operations research techniques like inventory control can help organizations manage risks to their supply chains by ensuring the right levels of different inventory types.
This document summarizes the impacts of the Russia-Ukraine conflict on global supply chains. It discusses how tensions between Russia and Ukraine escalated in 2021, angering Russia and leading them to increase troops at the border. It then outlines five key impacts the war has had on supply chains, such as increasing global commodity prices, organizations seeking alternative suppliers, stock shortages, and production/import disruptions. The document also discusses how operations research techniques like inventory control can help organizations manage risks to their supply chains by ensuring the right levels of different inventory types.
This document summarizes the impacts of the Russia-Ukraine conflict on global supply chains. It discusses how tensions between Russia and Ukraine escalated in 2021, angering Russia and leading them to increase troops at the border. It then outlines five key impacts the war has had on supply chains, such as increasing global commodity prices, organizations seeking alternative suppliers, stock shortages, and production/import disruptions. The document also discusses how operations research techniques like inventory control can help organizations manage risks to their supply chains by ensuring the right levels of different inventory types.
This document summarizes the impacts of the Russia-Ukraine conflict on global supply chains. It discusses how tensions between Russia and Ukraine escalated in 2021, angering Russia and leading them to increase troops at the border. It then outlines five key impacts the war has had on supply chains, such as increasing global commodity prices, organizations seeking alternative suppliers, stock shortages, and production/import disruptions. The document also discusses how operations research techniques like inventory control can help organizations manage risks to their supply chains by ensuring the right levels of different inventory types.
Ukraine, a former Soviet republic, for a long time, the situation began getting out of control in early 2021. In January last year, Ukrainian President Volodymyr Zelenskyy urged US President Joe Biden to let Ukraine join NATO. This angered RUSSIA, which started sending troops near its Ukraine border for "training exercises" in spring last year and increased it during autumn.
India has called for a diplomatic way out of
the current crisis between Russia and Ukraine HOW THIS AFFECTED SUPPY CHAIN ?
supply chains are once again being tested –
this time by the war in Ukraine. The conflict has reinforced the imperative for organizations to build resilience into their supply chains; many are trying to reduce their dependency on Russia and East Europe for raw materials. FIVE KEY IMPACTS ON SUPPLY CHAINS 1) Global commodity prices are increasing 2) Organizations are looking for alternative sources of supply 3) Stock shortages 4) Production and importation disruption 5) Risk management is no longer optional . HOW OR IS IMPLEMENTED HERE?
Operations research (OR) is an analytical method of
problem-solving and decision-making that is useful in the management of organizations. In operations research, problems are broken down into basic components and then solved in defined steps by mathematical analysis.. Inventory control, also called stock control, is the process of ensuring the right amount of supply is available in an organization. With the appropriate internal and production controls, the practice ensures the company can meet customer demand and delivers financial elasticity. TYPES OF INVENTORY RAW MATERIALS WORK IN PROCESS ANTICIPATION INVENTORY SAFETY INVENTORY TRANSIT INVENTORY BUFFER INVENTORY CYCLE INVENTORY