Deloitte Sourcing & Procurement Response to COVID-19 by Pegah Khoshnevis https://padlet.com/khoshnevispegah/1cou51jhmvvjry71 Made with the strength to succeed en-us 2021-01-24 19:49:10 UTC 2021-02-15 09:36:12 UTC hello@padlet.com https://padlet.net/icons/png/1f469-1f3eb.png Will https://padlet.com/khoshnevispegah/1cou51jhmvvjry71/wish/1202962443 The worlds market changed when corona hit, Deloitte's whole operation was at risk as they would have to make drastic changes to remain competitive and stable. One of the big issues was that most things had to move online which caused a big issue for the company itself, but also its many customers. with a strong push for reducing contact with all humans where possible it made it difficult for a lot of businesses to stay open. And there was a massive spike in demand for online retail, where some companies where not prepared for this leap.]]> 2021-02-15 09:08:20 UTC https://padlet.com/khoshnevispegah/1cou51jhmvvjry71/wish/1202962443 Jack https://padlet.com/khoshnevispegah/1cou51jhmvvjry71/wish/1202972824 Corona has had a negative impact on the whole supply chain in various ways. Deloitte were not ready for this level of impact on their operation, as such they are scrambling to find solutions that will maintain the level of production.]]> 2021-02-15 09:11:49 UTC https://padlet.com/khoshnevispegah/1cou51jhmvvjry71/wish/1202972824 Alfie https://padlet.com/khoshnevispegah/1cou51jhmvvjry71/wish/1202992758 -  Economic downturn and deflation emerged as the biggest risk in 2020
-  Increased complexity through uncertainty of demand
-  Disrupted supply chains and needed risk management
-  Challenged procurement and sourcing functions
-  All due to COVID-19 pandemic and poor environment prior

]]> 2021-02-15 09:18:21 UTC https://padlet.com/khoshnevispegah/1cou51jhmvvjry71/wish/1202992758 Alfie https://padlet.com/khoshnevispegah/1cou51jhmvvjry71/wish/1202995352 -  Demand forecasts have shifted significantly – meaning analytics could be wrong and investments could struggle.
- Demand shifting to on-line channels at scale – change in consumer demand meant footfall decrease in retail, dramatic drop in sales, evident in boohoo buying Debenhams and arcadia collapsing
- Some suppliers will fail to meet demand – produces demand uncertainty for businesses as they wont be able to measure the units sold properly
- Inventory choices will be critical to business survival – long turnover period businesses could struggle to shift stock, then will have a clearance sale to cover cost of finished goods
- Cashflows is essential for all – dramatic drop in cash flow may have lead to many businesses taking out short term loans with poor rates
]]> 2021-02-15 09:19:14 UTC https://padlet.com/khoshnevispegah/1cou51jhmvvjry71/wish/1202995352 Alfie https://padlet.com/khoshnevispegah/1cou51jhmvvjry71/wish/1202997667 The respond, recover, thrive plan developed by Deloitte helped them to address the complex environment. Respond helped to secure supply and manage cash levels. Recover helped to retain visibility, diversify suppliers to reduce risk, rebalance stock levels and respond to changing consumer demand. Finally, thrive helped to identify bottlenecks in the value chain, make sourcing supply network resilient with a long term view, develop a ‘control tower’ that identifies disruptions and maintain customer centricity with good communication.]]> 2021-02-15 09:19:59 UTC https://padlet.com/khoshnevispegah/1cou51jhmvvjry71/wish/1202997667 Jack https://padlet.com/khoshnevispegah/1cou51jhmvvjry71/wish/1202997798 the level of demand is dropping considerably.the forecast predictions could be wrong so it would be idiotic to follow these predictions in times of uncertainty. With demand being created online more than in store, brands now have an additional large overhead of their physical store while its generating no revenue for the brand. In any business model this is the part that should be cut out. (costing and not generating revenue).

]]> 2021-02-15 09:20:02 UTC https://padlet.com/khoshnevispegah/1cou51jhmvvjry71/wish/1202997798 Will https://padlet.com/khoshnevispegah/1cou51jhmvvjry71/wish/1203012055 There was a rush to get production, and businesses running again. which meant that there was not much time to put a plan together. and sustainable production plans usually take years for some large companies, so dealing with a pandemic, while having to completely change how the company runs and making the transport system for this new form of the business would be almost impossible for most businesses at this time. They also had to adjust how and where they supply too. in some cases they might have been delivering straight to a brick and motor, but instead they would only be delivering straight to warehouses as most retailers were forced to move online.]]> 2021-02-15 09:24:49 UTC https://padlet.com/khoshnevispegah/1cou51jhmvvjry71/wish/1203012055 Will https://padlet.com/khoshnevispegah/1cou51jhmvvjry71/wish/1203031371 They put their Respond, Recover, Thrive action plan into practice, which is where they would take a look at how to maintain their supply chains for their current and new potential customers. then try and plan out how the supply chain and demands will have been affected by Covid-19, and change Deloitte accordingly, in terms of the way they operate. And finally adapt their plan for the future, and try to create a more robust and adaptive base for their future operation, as the market post covid-19 could be very different from before, and prepare for other future events such as these.]]> 2021-02-15 09:31:17 UTC https://padlet.com/khoshnevispegah/1cou51jhmvvjry71/wish/1203031371