How can you mitigate risks when supply chains are disrupted in FM?

Identify business resilient suppliers to have uninterrupted and expected value extraction from them…. Don’t fall pray to cost effectiveness by compromising quality… Look for sustainable suppliers

Foresight for the demand will give the accurate forecast for the effort required… Mathematics may be used and trends may help but market survey is only key… Knowing the risk is one thing but calling out risk in time is the key to business continuity

I agree with documenting everything and creating a detailed record of the procedures and processes that you need to follow when faced with a disruption. This will serve as a go-to guide for the team, ensuring that everyone is on the same page and knows what steps to take. In addition to developing and following an SOP and being proactive in preparing for potential disruptions, you'll be in a better position to navigate any challenges that come your way. It's all about being prepared, adaptable, and ready to handle whatever the future throws at you.

Ensuring that you have a strong roster of capable suppliers is key to day to day FM success. Conduct an audit into supply at the end of each year and rank suppliers, this will allow you to identify strengths and weaknesses and compare vfm with delivery outcome. Once this is complete you will be able to ensure a supplier hierarchy which you can then utilise as needed. It is important that all quotes and tenders are worded carefully to give you and your institution as much freedom as possible. An example of this can be seen with sandbags and storm henk. Your institution may need bags as matter of urgency if you don't have a reliable supplier you won't be able to deliver. Audit, assess, appoint!

Diversify suppliers Relying on a single supplier increases vulnerability to disruptions. Identify and establish relationships with multiple suppliers for critical products and services. This diversification can help mitigate risks by providing alternative sources when one supplier is unavailable. By diversifying suppliers in FM, you reduce dependency, enhance flexibility, and improve your ability to manage disruptions effectively. It allows you to tap into alternative sources, maintain quality standards, and negotiate better terms. Ultimately, diversification increases the resilience of your FM operations and mitigates risks associated with supplier dependencies.

FM supply chain risks can be mitigated once you very good alignment's with your procurement team: First step in this is to audit your supplier' ranking throughout the past year, identify where services were not available, based on that, device contingency plan and update roster of reliable key services suppliers with the help of procurement team.