Resilient, Intelligent, Secure: A Roadmap to Manage and Control Your Supply Chain
In the past two years, the global pandemic, economic disruption and broad shifts in consumer behavior caused a domino effect of supply gaps that exposed long-standing vulnerabilities in our supply chain.
Despite the need for better supply chain management, business leaders have been slow to act, having for years chosen efficiency over resilience. In Forbes’ 2021 CxO Growth Survey, C-suite respondents ranked “revising supply chain strategy” as a low priority. Delaying action, however, can expose supply chains to serious financial risks and prevent companies from seizing the benefits of resilience.
While supply chain issues are a common topic in the news, few outlets have provided actionable insight into what can be done to improve supply chain efficiency.
One of the best ways to overcome the current supply chain challenges is to apply the seven principles of supply chain management – and to use technology to support each principal and make the supply chain more resilient.
So what does this mean for manufacturers here in the US?
There is a large opportunity for businesses to identify areas where they can strengthen their own supply chains, reducing the risk of supply shortages while increasing production and output. This includes:
- Analyzing how your existing supply chain works, how much is impacted by internal versus external resources, and identifying where production can be brought in-house
- Identifying where workforce gaps exist along the supply chain and where they can be better filled and retained
- Investing in new R&D and technology to connect your finance, sales and operations systems, and develop opportunities for innovation
- Building smarter maintenance and machine learning models to maximize equipment uptime, quality and efficiency and product life
By combining customer and market insights together with your own historical data, you can create pre-plan, what-if, scenarios. Learn how to plan for scenarios and visualize the impact on your supply chain during unprecedented events.Download the White Paper
New technology makes doing business easier and more predictable. See how investing in Innovation can help you improve customer interactions, get more from your suppliers, and work your internal processes better.Download the White Paper
It’s not uncommon for new supplier approval to take weeks, or even months. And once approved, it can still be a manual process to monitor supplier standards. Learn what you can do to make supplier alignment and sourcing easier.Download the White Paper
From CAD design and prototyping, through to master planning, sales order creation and beyond, everyone in the supply chain operates from a single view of the truth. Do you have the right platform to connect the systems and processes involved in product development?Download the White Paper
Is the right product being delivered in the quantity ordered at the place agreed, and at the time expected by the customer? Platforms such as Microsoft Dynamics 365 allow you to track supplier performance, presenting supplier contribution and performance data in a single dashboard.Download the White Paper
Logistics management is complex. Demand forecasting, proof of delivery, warehouse picking and packing, yard management, route planning, inbound purchase logistics and much more. Yet at its heart, logistics is simply the marrying of demand creation with physical supply. From this, you can create a single plan for the flow of products and information through the business.Download the White Paper
The process of managing compliance may seem at odds with running an agile business, but for manufacturers doing it well, compliance offers a competitive advantage. Managing production compliance within your supply network takes a collaborative effort, and the more connected it is, the easier it is and the more agile you become.Download the White Paper
For a manufacturer, the purpose of marketing is the same as it is for any organization: to find and help keep customers. And the task of sales is to close interest. Learn how having a single view of your customer can enable you to attract and engage new customers and grow your business.Download the White Paper
Get expert advice from Forbes and Microsoft about the business opportunities tied to prioritizing your supply chain, the risks of overlooking it, and how you can develop a roadmap for supply chain resiliency.Read more