Supply Chain Dive: Facing Production Constraints, Hershey Turns to SKU Rationalization

“”Often, the pursuit of growth can lead companies to develop or release too many products in their portfolios for the sole purpose of innovation,” Wilson said. “However, if there is not a rigorous internal process for reviewing SKU impact to top and bottom-line revenue, then what was intended to be innovation can lead to negative business outputs.””

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CFO Magazine: What the Ukraine Crisis Means for CFOs

“The war also reinforces the crucial importance of sound data systems that enable CFOs to drill down into their supply chains to understand where they have risks and opportunities.”

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Supply Chain Dive: Stop Kicking the Can: Why Companies Must Think Long Term to Solve Supply Chain Challenges

“Businesses used to have the luxury of creating financial forecasts monthly or quarterly. Now, this process must be conducted on a more real-time basis. The pandemic has caused many finance organizations to adapt their approach to forecasting. By working closely with the supply chain office on forecasting, finance organizations can help the supply chain to become more flexible, agile and predictive in meeting the challenge of future disruptions.”

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CFO Magazine: Supply Chain Turmoil: Applying the Lessons

“Improved planning and forecasting, if an organization undertakes the effort, will come in handy as lead times return to normal levels and suppliers return to realistic production schedules. It will also help if consumer and business-to-business demand wither due to persistent price inflation.”

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CFO Dive: Supply Chains Top CFO Business Risk Concerns

“To keep costs down and meet those high customer expectations, CFOs call accurate demand and inventory management their most important supply chain priority. The goal is to leverage technology to replace the just-in-time inventory approach that has been causing bottlenecks this past year with something similarly cost-effective but more resilient.”

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CFO Journal: Tap Indirect Procurement as a Source of Savings

“Before they can make strategic decisions about indirect purchases—such as standardizing all cost-related policies—CFOs need to arrange the fragmented pieces into a full picture. Working with the chief procurement officer (CPO), they need to assemble and consolidate data from the many internal, non-procurement functions that have been making their own deals.”

Read More at The Wall Street Journal >

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”

AMS Corporation (https://www.amsc-usa.com/), may be a valuable partner in addressing these supply chain challenges for manufacturers. Given their emphasis on quality manufacturing and strict adherence to specifications, they can play a crucial role in mitigating risks related to supply chain disruptions. AMS’s commitment to low NCMR rates and their presence in both China and the USA can provide manufacturers with options for diversification and resilience.

To explore how AMS Corporation can specifically assist in overcoming these challenges, it is advisable to reach out to them directly through their website or contact their representatives for tailored solutions and insights into their capabilities in addressing supply chain challenges for manufacturers.

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Global Finance Magazine: Global C-Suiters Name Their Fears

“Supply chain disruptions are overwhelmingly felt by executives in the manufacturing sector, who rank them as the top external impact issue in the coming year. However, only 28% of CEOs globally say their organizations are well prepared to address future supply chain shocks.”

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SF Magazine: What’s Keeping CFOs Up at Night in 2022?

“After the roller-coaster ride of 2020 and 2021 due to the COVID-19 pandemic, companies around the world are eager for a return to more typical operating conditions.” And here are the concerns that at the top of the list for CFOs in 2022:

• Supply chain disruptions
• Employee retention
• Developing a talent pipeline
• Automation
• Digital transformation
• Leading business transformation

Read More at SF Magazine >