Modern technology provides us with a dazzling array of devices, machines and vehicles designed to create more efficient supply chains, promote a cleaner environment and generally enrich our lives. But none of it runs without batteries.
Factory doors are reopening after nations from Denmark to Germany began easing restrictions on public life, with Italy, France and Spain to follow. But it won’t be a sudden return to business as usual.
Supply-chain management consultant River Rock Advisors breaks down four key components of a successful operational strategy: preparation, implementation, execution and measurement.
From cubicles to factory floors, cafes to clothing boutiques, businesses around the world are dreaming up creative ways to reopen, attempting to start revenue flowing again while minimizing the risk to customers and employees.
Automakers are anxious to get their assembly lines rolling again, especially since leaving factories idle is costing them billions of dollars by the week.
Even as Asia slowly reopens after its lockdown, factories there risk running short on supplies as the virus spreads to countries that produce vital raw materials.
Challenge: A first-tier U.S. automotive parts manufacturer was looking to improve its truck order forecasting based on inbound and outbound demand. This included standardizing delivery schedules, streamlining transport management processes and monitoring carriers in a single point of truth.