Planning for Disruptions
If you’ve read part two of this mini-series, you may remember we discussed how companies are switching to the agile supply chain model. Another trend we’ve seen across the board is that companies are looking to increase their supply chain’s “resiliency.”
Resiliency refers to how well you react and adapt to disruptions. Using an agile model is one way some companies are building resiliency. However, there are many other factors to consider, all of which boil down to end-to-end visibility of your operations. From keeping a pulse on demand to staying in close contact with your suppliers, end-to-end visibility allows you to monitor your operations, establish patterns and mitigate weak points.
How Companies Were Disrupted
Overall, the disruptions companies faced were often due to a lack of visibility and foresight. For example, here are just a few disruptions that companies faced.
Could not properly plan demand due to market fluctuation
Struggled to balance stock
Found it difficult to monitor their supply chain
Here are some tactical steps you can take to plan for disruptions:
Consider IoT tracking solutions
Keep in close touch with suppliers
Closely monitor your performance to make adjustments where needed
Become the Disruptor
As the world changes around us, we can’t afford to keep using the same old tactics. We need to transform the way we operate. Daniel Burrus, a thought leader and futurist discusses this very topic in a recent webinar AB&R and Zebra hosted. He shares his perspective on the current times and outlines concrete steps we can take to become the disruptors, not the disrupted. Watch the full video now.
Next Steps
You’ve just read part 3 of this mini series. In part 4, we discuss embracing warehouse automation. In part 1, we covered some stats that shape how the supply chain is changing. Part 2 touched on shifting to an agile supply chain model. You can find all of those sections below.
Embracing Warehouse Automation
Strategies Are Changing.
So Should Your Tactics.
Changing Your Business Model
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HAVE QUESTIONS?
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SOURCES
https://www.capgemini.com/wp-content/uploads/2020/11/Fast-forward_Report.pdf