Today, organizations that invested in supply chain visibility are more successfully managing pandemic and geopolitical disruption thanks to greater awareness of their demand response networks. Based on multiple layers of information, supply chain mapping and contingency planning, these businesses are also prepared to face future disruptions.
Has your company ever shipped a product to the 99999 zip code?
Much like a successful marriage, the relationship between a shipper and its logistics partner has to be mutually-beneficial, trust-based and productive. Without these qualities, one or both parties will quickly find themselves wondering why they entered into the agreement.
If you can’t pinpoint which products are and aren’t making your company money, it’s time for a thorough SKU-level profitability assessment.
Supply chain visibility empowers you to reduce risk and improve customer service. That’s especially important in a period of widespread disruption, where the availability of real-time information can facilitate network planning, demand-driven adjustments and rapid communications to customers.
For many organizations, a rear-view perspective on the COVID-19 pandemic reveals opportunities for course corrections that might have prevented costly missteps or customer service failures. Hindsight is always clear, and under normal circumstances, disruption cause-and-effect analysis is integral to process change.
When you think about the biggest risk to your company, what comes to mind? A
