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Industry Week: Continuing Supply Chain Challenges for Manufacturers

“Each organization must conduct a thorough assessment of the core elements of its supply chain to ascertain which parts need to be addressed as a priority to mitigate the most pressing risk.

Some of the common themes that we see include:

  • Moving away from single sourcing (where possible) and creating a strategic sourcing mix of domestic as well as existing global suppliers
  • Addressing extended lead times in Demand Planning and Forecasting
  • Logistics and transportation strategies to address anticipated extended lead times
  • Use of third-party providers to manage risk and utilize providers’ leverage in the market
  • Implementing digitalization strategies
  • Integrated and dynamic Management Operating System to provide better visibility of performance across the entire Supply Chain
  • Improving data capture and integrity
  • Inventory strategies”

Read More at Industry Week >