Straight Talk - Supply Chain Insights - Time to Rethink Your Supply Chain? #308
Ninety percent of companies have inherited their supply chains and have focused on making the assets efficient. However, as many companies find out with the struggle with COV-19, the efficient supply chain (lowest cost per unit) is fragile in world events. This pandemic is a good opportunity to rethink supply chain strategy. In this podcast, Lora Cecere, Founder of Supply Chain Insights, coaches leaders to start with demand. Use consumption, not order data, and translate market demand with accuracy and the speed of business. One thing is clear, consumer demand is changing, and the order, and order history, will be a poor proxy to guide companies through this unprecedented times. Secondly, now is a good time to rethink the nodes of the supply chain and the roles each plays. Companies do not have one, instead they have many supply chains. Each requires demand and constant configuration based on demand. The greater the demand variability, the need to have fewer nodes and be closer to markets. Alignment also requires the rethinking of metrics, the role of the budget and the need for analytics.
Tags: Cov-19, Supply Chain Excellence, Supply Chain Insights, Lora Cecere, Variability, Risk Management
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