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Key Issues - Coggle Diagram
Key Issues
Dependence on a Single Supplier
:
Supplier Diversification
Risks of Single Source Dependency
Strategies for Supplier Base Diversification
Benefits of Multiple Suppliers
Bankruptcy of Red Star
Inability to Adopt to Market Changes
Loss of Key Parts and Components
Financial Instability of the Main Supplier
Over-Dependence Risks
Lack of Contingency Planning
Supply Chain Distruptions
Lack of Strategies and Future Plans
Inability to Adapt Quickly
Production and Inventory Problems
Supplier Management and Financial Problems
Supplier Risk Management
of Ashmark Corporate
Absence of Risk Mitigation Plan for Supplier Failures
Absence of Long Term Supplier Monitoring
Lack of Supplier Audits
Inventory Management Problems
Prevention of Supplier Bankruptcies
Financial Monitoring
Requirements of Criteria for Financial Stability
Redundancy in Supply Chain
Financial Management
Problems of Red Star Casting
Over-Reliance on Ashmark as a Customer
Poor Financial Oversight
Inability to Scale Financially
Relationship with OEMs
Communication
Unclear Communication Regarding Delays
Lack of Transparency
Requirement of Proactive Communication Strateies
Inability in Crisis Management
Trust and Reputation
Commitment to on Time Delivery
Building Long-Term Relationship with OEMs
Rebuilding Trust After Crisis
Impact of Delayed Shipments
Lost Revenue
Negative OEM Experience
Production Delays
Management and Leadership Gaps
Leadership Failures
Absence of Key Leadership in Crisis Management
Lack of Empathy of Senior Management
Poor Decision-Making Mechanism
Employee Well-Being and Retention
Inability to Address Concerns and Stress of Employee
Need for a Supportive Organizational Culture and Worplace
Lack of Work-Life Balance
Stress on Supply Chain Team
Employee Burnout and Fatigue
High Workload and Pressure
Lack of Support