Is Your Supply Chain Taking a Proactive Approach to Improvement?
Companies are increasingly valuing taking a proactive approach rather than simply reacting to what happens around them. It is important to take a holistic view of all of a business’s processes in order to identify areas where improvements can be made. Here is a look at three ways supply chains can be more proactive in making improvements.
Supply Chain Acceleration
As businesses realize the importance of Big Data, it’s becoming easier to see how a firm’s processes, people and technology work together to get results. It’s not enough to have the latest and greatest technology; it must actually be solving problems or making life easier for it to be worth the outlay. Some problems might not need technological solutions at all. Customers should be the focus as they are the ones who stimulate the demand for products or services and evaluate the results. That’s why improvements should be focused on delivering customer value and getting rid of anything that does not add value.
Supply Chain Footprint Expansion
Getting products to customers quickly has never been more important, and businesses need to look at geographical and economic factors in addition to the facilities themselves to boost their return on investment. Aspects such as weather, interest rates, local military bases and minimum wages in the region must all be considered, and sites must be chosen with the characteristics of the local labor pool in mind.
As organizations become more global in the years to come, traceability is taking center stage, not only to keep customers happy but to stay on top of regulatory requirements from the Food and Drug Administration and other bodies. Technology can make all the difference here, and 72 percent of retailers have said they plan to use automation, analytics and sensors to give them the real-time visibility needed to reinvent their supply chains.
A proactive approach is the only way to ensure the future success of an organization, so it is vital to take a look at where improvements can be made and stay on top of supply chain trends.
This blog post was based off of an article from Modern Materials Handling. View the original here.