These “key tools” balance a need for simple with a need to handle the complexity of SCM – following the IBM adage – complexity exists whether you ignore it or not, best not to ignore it.
COVID-19 direct and ancillary events have made clear that uncertainty is an inherent part of the demand-supply network structure. Every firm, on a regular basis, faces “risk situations" such as manufacturing excursion, unexpected new demand or loss of demand, component supplier interruption, etc. This has placed risk management and rapid intelligent response (RIR) front and center in SCM discussions.
Recently, we have heard about several product shortages and other issues in the supply chain. Let us try and make sense of some of these in this blog. As I live in the US, my experience is somewhat limited to what happened here.
For your business to effectively carry out the supply chain planning process, you will need to link up your short-term and medium-term, to the executive level S&OP plan so that it drives your tactical planning and operational planning.
We often see companies wanting to make the transition from spreadsheet-based planning to a best-of-breed supply chain planning system. There is often a question about where to start, what the foundational elements are, and which are the more advanced elements.
Digital Transformation is a popular term being used in today’s supply chain world. This can mean different things for your organization based on your company’s maturity. In this blog, you will learn the five key points to consider in a supply chain transformation journey.
The right technology can provide a solution to maintaining optimal supply chain planning, but how can you justify the investment?
For businesses, it’s a great opportunity to cash in on the seasonal spike in customer demand. However, every year it also poses a unique situation with equal challenges along with the opportunities.