Making Supply Chain More Resilient

Manufacturers have inherent vulnerabilities in their operations, such as inadequate mapping, a lack of business continuity planning, and the structure of the global supply chain. These vulnerabilities can lead to challenges when disruptions occur.

To combat these vulnerabilities, manufacturers can implement a couple of strategies to adopt a more resilient supply chain network and handle unexpected disruptions or disasters. First off, it is important to understand the health and performance of the manufacturing process and basing business decisions on operational analytics. By accelerating technology adoption for the business, prioritizing data and analytics, and implementing big data and analytics with predictive and prescriptive analytics, manufacturers can use data to map their suppliers, discover potential weaknesses, and gain consistent information throughout the supply chain planning and management process.

Building resilience also requires spreading procurement out so manufacturers are not tied to just a few companies, especially for their most vital products and processes. Therefore, establishing cooperative relationships with multiple suppliers allows manufacturers to adjust their forecasts, orders, and increase sales more easily.

Moreover, standardizing processes can easily move production among plants, departments, or production lines to speed up recovery and improve real-time response. By integrating the digitization of operations within standardized processes, it unlocks real-time data that manufacturers can use to make decisions about production regardless of circumstance. Smart logistics solutions, the Internet of Things, robotics, and artificial intelligence will be key to future supply chain design.

Every step in the supply chain process must be reliable, and manufacturers should review demand planning, supply management, production management, inventory management, pricing strategy, event management, distribution planning, and integrated business planning. By building resiliency strategies into every aspect of their operation, manufacturers can be better prepared to meet disruption and fluctuating market trends head on.

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