Inefficiencies in the supply chains are expensive and lead to unsustainable business processes. These not only come with increased risk but also result in sub-optimal process flows and make businesses miss out on their full commercial potential. Now, more than ever, supply chain executives need to collaborate, share expertise and infrastructure to allow innovation at scale. The current pandemic turns out to be a reality check for businesses that have been reluctant to embrace digital transformation and now find themselves woefully unprepared.
In these times of rapid change and disruption, the imperative for supply chain agility and resiliency is more important than ever. Old ways of planning driven by static assumptions around supply chain design simply can't keep pace. Organizations now need a fast and data-driven means to determine risk exposure level, consider substitutions, evaluate inventory, enhance network resilience, and create a framework for more rapid, more intelligent decision making.
Adopting a responsive supply chain philosophy helps your organization change with the times. Continuous design is the development and ongoing refinement of optimal supply chain structures, policies, and flows. This is achieved through analysis, scenario planning, and simulation with end-to-end digital models, fueled by AI and powerful algorithmic engines.
Organizations that embrace the vision of a continuous supply chain design paradigm enjoy outsized financial and operational benefits and turn their supply chain challenges into a competitive advantage.