Four Key Supply Chain Resilience & Agility Capabilities to Optimize Your Covid-19 Pandemic Response

Supply Chain Resilience and the Power of Business Networks

The past year has been a year like no other.

For many firms, the pandemic has exposed enormous gaps in real-time data, processes, and systems.

Covid-19: Managing Supply Chain Risk and Disruption, Deloitte;

“More than 200 of the Fortune Global 500 firms have a presence in Wuhan, the highly industrialized province where the outbreak originated, and which has been hardest hit.”

In booming industries – like grocery and high tech, recreational equipment, and home goods – companies have struggled to meet sky-high consumer demand – often up to one hundred, even 200 percent, or more.

In just a few months, some firms have seen levels of growth in ecommerce they had not expected to see for 5 years.

For stalled industries – like restaurants and retail – the impacts have been devastating with lockdowns and plummeting demand.

For many of these, recovery still lies ahead. And for some, it may never come.

Supply Chain Resilience Takes Center Stage

It’s become a world focused on supply chains. The crisis has moved the discussion of supply and demand into board rooms worldwide. Companies are asking themselves, “What could we have done differently, and what should we do now?”

Today, the need for real-time information, resilience, and visibility has never been more apparent to more people around the world. The winners in this “next to normal” will be those firms that can address their gaps, make adjustments as things change, and capture new market opportunities first.

Prof. Willy C. Shih, Harvard Business School;

“Consumers will continue to want low prices (especially in a recession), and firms won’t be able to charge more… The pressure to operate efficiently and use capital and manufacturing capacity frugally will remain unrelenting.”

Four Capabilities of Resilient Supply Chains

So what needs to be different?

If you could (1) eliminate information delays across your supply chain, then a change in demand at one end would ripple quickly across every tier of supply – to all your suppliers and their suppliers as well, in real-time. With immediate information, you and your partners could be more responsive.

What if you had (2) real-time visibility into every order, every shipment, and all your inventories across the globe – with consolidated demand and a view into every point of supply? Then you could match demand with supply in real-time, and do so continuously. This means when demand shifts occur, you could reallocate inventories optimally. The benefit? Increased service levels, fewer expedites, and lower costs.

Webinar: Build Resilience, Continuity, and Operational Readiness in Your Supply Network

If you could (3) automate routine tasks, then you can free up your expert staff to focus on the exceptions – where they can add the most value. And if they had an army of intelligent agents available to predict problems, rank choices, and run optimizers, they could use prescriptive analytics to find solutions sooner, when there are still many low-cost options. That would further increase agility and lower expenses.

Finally, if you and your suppliers, your carriers, and your customers all (4) worked together on the same platform, you could share plans and forecasts, orders and shipments, inventories, and ETAs. In other words, you could operate together, based on a single version of the truth, in a unified, orchestrated process. The elimination of errors and inefficiencies would make everyone more competitive.

And with these processes in place, new partners could be onboarded much more quickly.

Real-Time Multi-Enterprise Supply Chain Business Networks

One Network’s multi-enterprise network platform makes all of this possible.

From inbound supply to outbound order fulfillment and logistics, you’ll achieve greater resilience, even as you reduce inventories and lead times.

You’ll have the flexibility to handle new business models in ecommerce and direct-to-consumer, that the pandemic has made more essential. And with advanced optimization, you’ll deliver the highest possible service levels to your customers, at the lowest possible cost.

Today, we know that lashing together sluggish, siloed, legacy systems no longer work. A network platform offers you the best path to cost savings and faster realignment of your supply chain. It will enable greater collaboration with partners and the fastest capture of new revenue opportunities.

Lashing together sluggish, siloed, legacy systems no longer work. A network platform offers you the best path to cost savings and faster realignment of your supply chain.

Achieving supply chain resilience using supply chain business networks for agility and readiness.

Read the Article: 3 Core Supply Chain Strategies Every Executive Must Execute to Remain Competitive

WEBCAST Build Resilience, Continuity, and Operational Readiness in Your Supply Network

Date: On-Demand 24/7

If 2020 has taught us anything, it’s that businesses must take action to boost resilience, lock-in business continuity, and achieve the operational readiness necessary to handle whatever the markets or mother nature throws at us. It’s the new “power triad” necessary to compete and thrive in today’s markets.

Demand/supply disruptions will remain part of this “next to normal,” and in this webinar One Network’s COO, Joe Bellini explains 3 strategies executives need to embrace to remain prepared, along with their tech enablers. You’ll walk away understanding:

• How a real-time network-based strategy enables the Power Triad, and what you need to implement it.
• The importance of federated master data and visibility across your entire collaborative business network of suppliers, carriers, co-manufacturers, and customers.
• The essential role of actionable and autonomous prescriptive analytics in accelerating your optimal response in every situation.

One Network Enterprises is a leader in supply chain planning, execution, and digitization, so join COO Joe Bellini for insights on how multi-party collaboration, planning, and transaction execution in real-time across a network will bring you into Industry 4.0 and set you up to compete and win in the “next to normal.”

 

Related Resources

Supply Chain Networks: Impact of Artificial Intelligence Machine Learning Prescriptive Analytics
In the white paper, we offer a new perspective on decision-making analytics, business objectives, and the autonomous supply chain. Download Now!

Your Business Operating System Requires a Dual Platform Strategy
In this paper, we explain how network approaches expand your competitive advantage, and how a dual-platform strategy makes it achievable on a realistic timescale. Download Now!

Journey Through Your Supply Network Digital Transformation
In this paper, One Network Enterprises explains how you can achieve a future based on disruptive network-based product and service models - that unlock enormous value for your business and every business partner. Download Now!

Product Traceability Across Your Supply Network
This report explains how new business network technology enables us to track the full chain of custody for every item from start to finish, providing visibility across final products, intermediates, and raw materials, and it does this in real-time, from their source, across trading partners, and to the end consumer. Download Now!

How to Leverage a Logistics Control Tower
This paper describes how leveraging a logistics control tower can achieve end-to-end transportation insight, actionability, and autonomy and how the entire logistics network gains more visibility, control, and unlocks enormous value. Download Now!

More Resources from One Network Enterprises