Strategies for the preservation of service levels in the inventory management during COVID-19. A Case study in a company of biosafety products.

Abstract

The current global situation due to the COVID-19 illness has seriously impacted the capacity of the supply chains to accomplish timely and in a reliable way the availability of essential biosafety products. Production and trading companies of biosafety products have experienced an unpredicted change in the product demand. This is due to the protocol international regulations from health organizations regarding the use of biosafety products and their use to mitigate the virus propagation. For the companies involved in these supply chains, their priority is to keep appropriate service levels in the current scenario, guaranteeing high availability at each echelon to help life´s preservation. It requires to maintain articulation and flexibilization of the processes in the supply chain, reflected in the decision making. In this world with high volatility, uncertainty, complexity, and ambiguity (VUCA), where the traditional practices are no longer effective, rationality, people´s training, and the experience for the decision-making are essential.Nevertheless, despite the relevance of the problem, studies about business strategies of multiple product inventories and their impact on the service level and volatile demand during a pandemic is limited. This paper focuses on the experience of a Colombian Company of biosafety products. The key contribution of this proposal leads to some important insights for biosafety companies managing many highly demanded products, volatile behaviour, and very important items for containing the spread of a virus in a complex and dynamic market influenced by a global disruption of supply chains, in this case the COVID-19 pandemic.

Economic Efficiency of Outsourcing Business Models: A Comparative Assessment

“…Especially relevant is the introduction of such models in a crisis, as they contribute to the dynamic adaptation to the uncertainty of the business environment (Evans & Bahrami, 2020 ). Thus, it is the flexibility of the model in the current environment that is the key driver for ensuring its survival (including in the face of the COVID-19 pandemic), as well as the economic efficiency of the business (Klafke et al, 2021 ; Masudin et al, 2021 ; Paul & Chowdhury, 2020 ; Vergara et al, 2021 ).…”

The Effect of Traceability System and Managerial Initiative on Indonesian Food Cold Chain Performance: A Covid-19 Pandemic Perspective

“…An infected worker’s droplets could transmit the virus rapidly and become a necessary concern as it causes acute respiratory syndrome (Ganyani et al, 2020 ; Wiersinga et al, 2020 ). The government issued several policies to reduce the spread of Coronavirus transmission by implementing health protocols to large-scale social restrictions in all aspects of the industry (Paramita et al, 2021 ; Tam et al, 2021 ; Ufua et al, 2021 ; Vergara et al, 2021 ). This policy impacts the supply and demand, such as food losses cases.…”

Considerations Regarding Donation and Value Co-Creation in Times of COVID-19 Pandemic

“…The COVID-19 pandemic has had a significant influence on numerous sectors, particularly those involving social health systems (Paramita et al, 2021 ; Tamet al, 2021 ; Ufua et al, 2021 ; Vergara et al, 2021 ). Some nations have a shortage of qualified health professionals, equipment, medications, and, most importantly, space.…”