Given the uncertainty and volatility in today’s world coupled with the complexity and ambiguousness of suppliers, the task of building world class supply chain is hard.
Below are the capabilities companies need to build in order to get world class supply chain
- Clear end to end modeling understanding the capacity of each node
- Ability to collaborate and exchange information in real time with all supply chain partners
- Plan and execute all planning strategies – MTS and MTO
- Understand why you need to delay final manufacturing or distribution of a product until receipt of a customer order. Once you understand – Execute this!
- Visibility of operational constraints across the value chain
- Real time visibility (as much as possible) to demand and supply variances
- Dynamic sourcing of goods from (Global) Integrated supply network
- Optimize raw material and Finished Goods inventories with dynamic adjustment
- Integrate cross functional information flow to enable local, regional, global S&OP