Supply chains are designed to withstand some disruptions, but major global upheavals like a pandemic strain every system. They prove companies need to rethink the traditional operational-platforms approach and recognize the urgent need to focus on flexibility and contingency.
This level of disruption highlights underlying weaknesses in business strategies as well as gaps in complex planning and communication channels. The combination makes it impossible to meet customer demand in a quick, secure, and consistent manner.
Supply-chain resilience is a major part of protecting against unforeseen disruptions by assessing tactical operational challenges continuously for better responses to market conditions and customer needs.
Companies need to answer critical questions once the economy restarts, including:
- Should inventory be re-positioned?
- What production constraints should be adjusted?
- Should you remap your item-level segmentation?
- How can you develop probable scenarios and determine their validity?
- What new metrics should you implement and review?
- Should we trade our hyper-focus on cost reduction for one balanced on security of supply?
It is time to scale a business-continuity mindset by assessing how to automate processes, protocols, and tools needed for flexible data modelling and visualization.
Read how a focus on real-time digital supply-chain visibility, a what-if mentality, and well-defined risk protocols with strategic metric supports will create a foundation for an effective recovery.
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