Minimizing Schedule Risk of Supply Chain
Keywords:
Strategy, Schedule risk, Machine learning, Supply chain managementAbstract
The supply chain management sector in Bangladesh faces so many challenges in minimizing schedule risk, this research paper targets to identify strategies that can help organizations to overcome this situation. The study includes a review of the literature, data collecting through surveys and interviews, and statistical data analysis. The findings demonstrate that companies in Bangladesh can reduce schedule risk by putting into practice strategies like enhancing stakeholder collaboration and communication, investing in technology to improve supply chain visibility, diversifying suppliers to lessen reliance on a single source, and creating backup plans for unforeseen disruptions. The study's conclusions offer useful advice for companies working in Bangladesh, particularly those in the industrial and retail industries, on how to manage their supply chains more effectively and lower the likelihood of schedule delays. The research adds to the sparse body of knowledge in academia about supply chain management in Bangladesh.
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