No matter how well your team has done its supply chain planning, it seems like exceptions keep arising and you’re constantly in fire-fighting mode. In the case of supply chain, the issue isn’t so much about operations, it’s about the ability to collaborate quickly and effectively when an exception deviates from the established plan. This is why forward-thinking organizations are creating Centers of Excellence for their supply chain.
Ever since access to ubiquitous real-time data emerged as a technological reality, businesses have been lured by the possibility of redirecting their supply chains toward a model driven by demand. Applying analytics software to make sense of big data could allow organizations to close the gap between demand and supply.
Finance and supply chain: These two essential business functions speak different languages and live in different worlds. Both contribute mightily to the success and the profitability of their companies, in their own ways. Manufacturers need to get them to synchronize if they are to survive and succeed — and to achieve the agility and the resilience everyone strives for coming out of the pandemic crisis.