Mitigating Interruptions and Making Supply Chains Future-Proof

A supply chain is not just a critical lifeline for a manufacturer but also a potential differentiator. It not just impacts cost of production but availability of critical components and materials for production continuity. 

This year has resulted in a complete shift in perspective with regards to manufacturing supply chains. It has become increasingly stressful for logistics professionals to handle the unexpected interruptions. This has also led to further thinking on what’s in store for the future. Here is a list of 8 critical things that supply chain teams need to interrupt mitigations and survive disruptions, in order to survive and thrive in the future. 

Visibility that Cuts Across Silos 

Complexities in supply chains especially ones spanning across multiple modes and regions with different IT systems is not uncommon in manufacturing.

To get end-to-end visibility in real-time is half the challenge solved. Over 60% C-suite leaders agree that they lack comprehensive visibility that is adequate enough for them to manage their supply chain seamlessly. Hence, investing in the right set of tools to get necessary visibility is paramount for a future-ready supply chain. 

Control Tower 

An actionable centralised control tower is very effective in monitoring and controlling operations transcending global boundaries. This can provide centralized control and visibility and mitigate a lot of issues arising from lack of visibility and collaboration. 

Alerts & Notifications

Timely action is a key step in mitigating risks and exceptions. A lot of organizations miss out on critical SLAs that cost them quite dearly due to lack of timely action by the right stakeholders. Alerts and notifications can act as a key enabler of on-time action which could not just uphold timely execution of tasks but also help stakeholders have tighter control on their supply chain.

Actionable Insights 

While many tools offer AI & ML based capabilities, to get them preemptively is very important for them to be actionable when it can make an impact. 

These insights are also critical in shaping crucial business decisions. It helps enterprises make more informed choices with regard to vendors, service providers and partners in their ecosystem. 

Multi-Stakeholder Collaboration 

In a complex supply chain, multiple stakeholders are accountable for execution of a single leg. Any hiccup in one leg would subsequently affect others and result in an overall lag. 

This can be avoided by enabling timely and efficient stakeholder collaboration. 

Seamless User Interface 

With multiple users at different levels using a system, it is imperative that the user interface is simple and easy to use. With a lot of mobility and web-based applications coming into play that help in managing a digital supply chain, the day-to-day operations get severely impacted by the effectiveness of the UI. Simplicity, language support, speed etc. are critical parameters of user experience that not just impact the efficiency of your staff but also your customer experience. 

Easy Integrations 

The interoperability between legacy and modern systems is a challenge. With multiple carriers and partners coming into the picture, this only gets complicated. 

Having plug-and-play integrations would be helpful in ensuring seamless transfer of critical information that aid in quick execution of operations. 

Strategic Partnerships 

Carriers, partners and technology vendors are a critical part of your entire supply chain ecosystem. To take a data-driven approach to selection and management of these relationships goes a long way in ensuring optimum supply chain performance. 

Future-proof your supply chain with these 8 steps and build resilience in your organization that would weather exigencies that would otherwise disrupt your business.

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