it to build better and faster models that keep it competitive . Collaboration across cross-functional teams and a comprehensive understanding of the business and its impact on stakeholders further supports efforts to overcome these challenges and maintain an efficient , resilient supply chain .
How does PriceSmart build a resilient supply chain able to thrive in such a time of disruption ? Ensuring a resilient supply chain is crucial for any successful business today . At PriceSmart , a multi-faceted approach is essential . The merchandising team excels at building strong relationships with vendors and procuring the right mix of products to meet member needs . The logistics team maintains a smooth and efficient flow of goods , while the club operations focuses on keeping clubs well-stocked and creating a seamless shopping experience for every member . This coordinated effort guarantees that members have access to the right products at the right time , in the right quantity , quality , and price . Additionally , the company invests in technology to enhance visibility and implement robust risk management practices , continuously evolving its logistics strategies to address disruptions quickly .
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