We’re in a major component shortage. The electronics industry is currently experiencing the most extreme component scarcity in over a decade. Lead times on passive-components products have drastically increased as a result, with some suppliers quoting as far out 52 weeks +1. The shortage and its impact is so widespread that the Electronic Components Supply Network (ECSN) is urging electronics buyers to “review their outlook on lead times for components amid surging global demand and reports of allocation risks on certain products.” This is a long-term sourcing challenge that industry analysts see lasting beyond the new year. Many organizations have responded to the supply deficit by double- and triple-ordering components, but this has only aggravated the problem further. Suppliers are starting to allocate their inventory, resulting in massive lead times and increased prices. A shortage of this magnitude isn’t simply caused by increased demand. Industry experts see a number of large-scale changes that are contributing to a “perfect storm” of product scarcity.
Pay attention to your supply planning processes—or risk financial and regulatory peril.
The consequences of failing to connect the loss of control of the supply plan to regulatory problems is often overlooked by pharmaceutical manufacturers. It’s the “dirty little secret” few people in the industry ever acknowledge.
As a result, companies fail to fix supply planning problems. The implications of this failure can be devastating to customer service, financial performance, and stock price.
Presenter Tom Strohl will explore how poorly functioning supply planning processes almost always lead to supply chain disruptions and serious compliance flaws. Symptoms of poor supply planning processes will also be examined.
You will learn what good business processes look like, allowing you to gain control of your business, by examining:
Best practice Integrated Business Planning and Integrated Planning and Control
How to secure stability in the operation
How you can take your process to the next level
What driving towards world class performance looks like
Learn how IoT technology is improving real-time supply chain visibility for increased supply chain performance and efficiency. Implementing proactive solutions to track, manage, and induce action – in real time – mitigates the risks associated with supply chain disruptions during transit.
Learn how PepsiCo leverages SAP Integrated Business Planning for inventory to identify inventory reduction opportunities while maintaining customer service levels. You will also hear from SAP experts, who will address the new paradigm of Digital Business Planning, enabled by technologies like the Internet of Things, machine learning and artificial intelligence, and predictive analytics.
In this webinar, you will learn how PepsiCo utilizes Integrated Business Planning for inventory to:
Leverage MEIO (multi echelon inventory optimization) for different types of inventory “push” and “pull” scenarios
Handle multiple, complex scenarios from different BU’s
Join us to learn how using artificial intelligence (AI) applications can transform supply chains, boosting top-line and bottom-line value. We’ll share how to best leverage AI capabilities and give examples of how humans and AI working together can create optimized and more responsive supply chains.
Learn how OpenText enables organizations of all sizes to bridge the digital gap with suppliers. With multiple options for supplier digitization, learn how you can improve automation and visibility in order to eliminate cumbersome manual processes and maintain superior supplier relations.