The COVID-19 pandemic presents unprecedented challenges for supply chain. Many are scrambling to find short-term solutions for shortages and massive delays, plus avoid this risk in the future due to their reliance on a single source or location for production.
Planners, buyers, and analysts are looking to speed up delivery of high-value insights to colleagues to respond to this emergency.
Within supply chain, planners, buyers, and analysts are working on redistributing current inventory away from quarantined areas or relocating safety stock to fulfill higher demands. By visualizing and understanding where cycle and safety stocks are available, an organization can successfully move available inventory away from quarantined areas to meet these increased demands.
Buyers are currently in a frenzy to buy raw materials ahead of time in order to prevent production interruptions or product stock outs. Buying raw materials that are in short supply in impacted areas is only possible when you can easily reshape your forecast to anticipate short-term needs and recovery times.
Download the resource to view the other ways analytics empowers supply chain management responses to COVID-19.