With the pace of change we experience today, global supply chain systems have never been more elaborate with requirements to operate at extreme velocity. On the other hand, supply chain disruptions are surging due to severe weather events, increased trade tensions, policy uncertainties, new compliance requirements, sudden changes in demand/supply needs, labor shifts and now, pandemics.
Businesses need a new approach to how they acquire, modify, review and perform using supply chain data, in real-time, to proactively reduce disruptions while improving service.
Supply chain owners and global manufacturers face substantial cost overruns and customer satisfaction issues due to supply chain disruptions. Their jobs are also characterized by constant, chaotic fire-drills. These leaders are actively searching for ways to reduce the probability and impact of any disruptions by using an intuitive user experience that allows them to absorb, interpret and act on these disruptions without losing valuable time and money. This will effectively lead to improved customer satisfaction due to improved customer order fill rates and reduced operating costs due to "situationally aware” decision making abilities. Companies that can improve their supply chain responsiveness will surpass their competition, leading to enhanced market share and profitability.