The ongoing tariff negotiations have made life and business operations extremely difficult for countless manufacturers and distributors across the U.S. and the rest of the world. Just as the tariffs for one industry show signs of easing up, headlines reveal a new industry at risk of new tariff regulations.
Countless businesses and their customers have already been impacted, but with no end to the global tariff situation in sight, it’s imperative that companies continue to refine their strategy to not only ensure business continuity but also to gain the most advantageous position possible for the future.
In its newest white paper, value chain optimization firm River Rock Advisors details several steps companies can take to navigate this ongoing uncertainty. These steps aren’t one-time actionable steps but rather long-term focuses that should be implemented alongside other operational and business strategies.
Examples of the recommendations proposed include ways to safely reduce costs while retaining the ability to ramp up operations at any time, purchasing strategies that prevent businesses from becoming over-invested in inventory that’s not in demand, maintaining service levels and customer satisfaction despite lower inventory, and more. River Rock Advisors also provides practical recommendations that businesses can follow to ensure they know what’s coming and how they can take action.
In the end, companies that take the time to implement proactive measures such as those discussed in the white paper will not only be in the best position to outlast the ebb and flow of these days but also to more effectively compete.
Download W hat’s Your Tariff Strategy: Developing a Proactive Approach to Inventory in a Changing Economic Environment today — the newest white paper from River Rock Advisors.
Challenge: A global manufacturer has been evolving from a logistics culture to global supply-chain culture. Due to fast-changing regulations and market expectations, the ability to anticipate customers’ requirements has become strategic. Now the entire supply chain must be ready to meet their needs.
Challenge: As consumer preferences shifted to healthier foods, this specialty food group’s leaders recognized that change was needed. Without changing how the business operated, the company could not continue its stellar history as a top quartile financial performer in its industry.
Lisa Anderson, founder and president of LMA Consulting Group Inc., offers advice on how supply-chain managers can function efficiently in a time of deep uncertainty – and why's it's vital to achieve visibility of both customers and suppliers.
Tuesday, August 18, 2020 12:00 to Wednesday, November 18, 2020 12:00
Some would point to the fact that four times a year, 13 weeks spans an entire quarter, good start. All too often it is a horizon that most companies have established as their Master Scheduling planning horizon.
This webinar breaks the thirteen week horizon into discussion points and maps out what the challenges and decisions are at key points within 13 weeks. Once you've developed a Master Schedule, the next step is to share its output for the company to utilize these plans over the horizon.
During this webinar, we will take this supply side process and show you how to integrate it with the Commercial and Product Development teams, leading to enriched discussion, enhanced integration, and financial stability in your company's short term projections.
Join SupplyChainBrain and Oliver Wight to learn:
• Communicating the Master Schedule in a weekly format
• Role of the Master Schedule within Integrated Tactical Planning
• Integration points across the Master Schedule
Thursday, October 22, 2020 12:00 to Friday, January 22, 2021 12:00
Join SupplyChainBrain and SAP to learn how to achieve fully automated manufacturing operations for your industry.
During this webinar, you will have the opportunity to watch a live demo where Industry 4.0 and IIOT experts from SAP outline best practices for achieving end-to-end (e2e) – OT/IT integrated business processes to enable your desired automated production strategies, paperless processes, and predictive quality processes and achieve fully automated material flows.
Also, get a bird’s eye view of the SAP Industry 4.Now solution capability and how to deploy fast to achieve incremental ROI.
Sam Castro, Senior Director, Solution Management – Digital Manufacturing, SAP