April 28, 2016 by Steve Rice
Once your company completes initial benchmarking initiatives and identifies key pain points in your supply chain manual processes, it’s time to move ahead and alleviate them. In most cases, however, that is no easy task, especially if you are an emerging company. Trying to fix issues in your supply chain that have been prevalent for months, quarters, or even years cannot happen overnight. There needs to be first steps to that process and we have named a couple for you to consider while your refreshing your supply chain this Springtime.
Simple process mistakes or delays can be costly to correct and have the potential to destroy a customer relationship. Using hard data to gather comprehensive supply chain visibility and access to real-time information is important for making sure organizations can not just flexibly respond, but also proactively mitigate issues and determine alternative courses of action. Total visibility into your supply chain is key to getting ahead of the market and combating supply chain volatility. The best part is that in today’s market, total visibility into your supply chain is right at your fingertips.
Business Intelligence (BI) tools are not out of reach for emerging companies; they have recently become much more available and affordable to organizations of all sizes. Now, large enterprises are not the only ones that can quickly sort and interpret data from connected systems to maximize automation, collaboration, and analytics, as well as provide timely insights that can increase supply chain nimbleness. Your business not only has everything it needs to continue to be efficient, but it also allows your supply chain to mitigate potential supply chain risk, putting you ahead of the competition.
Let’s face it, we are all busy. And the more fast paced the business environment gets, the more busy we become with issues that have quick fixes. You do get daily wins once these issues are resolved, but quick-fix issues never go away and the more prevalent they are in your supply chain, the more it takes away from the big picture. Fighting daily fires can consume a considerable amount of time for supply chain managers and their teams. The thought of taking on new projects can seem overwhelming, particularly when reviewing bandwidth, budget or people needed to take on new projects, especially if they involve upgrading the supply chain infrastructure. This has the potential to cause huge problems down the line.
However, facing these problems is exactly why you need to take a step back to see the bigger picture. Investing in technology solutions, such as workflow automation, can create significant efficiency gains that can make up for the time invested. In addition to allowing teams to get more done in less time, it also frees up time to and resources that can focus on more important and strategic initiatives.