International trade is complex due to global networks consisting of manufacturers, business partners, suppliers, and other third parties with the possibility of risk in every link within the supply chain. To successfully mitigate these potential risks, it is important for you to understand the myriad connections that may trigger exposure.
In this ebook, Dave Nelson, principal at value chain optimization firm River Rock Advisors discusses the use of customer relationship management (CRM) processes and tools to pilot a precision-based, in-depth use of data to forecast demand while giving leaders greater insight into their customer base.
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.
Resilinc Corporation, a global supply chain monitoring, mapping and resiliency solution, recently announced the launch of its Predictive Purchase Order On-Time Delivery solution. The artificial intelligence powered tool predicts how a supplier will perform in the face of disruption by analyzing past events and on-time delivery data.
With the coronavirus pandemic and its lingering effects, companies have now experienced how challenging it can be to plan and maneuver their supply chains around uniquely disruptive, once-in-a-lifetime events. But the unfortunate truth is that less severe events overwhelm or undermine supply planning all the time. Legacy tools are no longer up to the task of getting supply where it is needed most.