Managing Supply Chain Resiliency
This note is the first in a series where Hal Capshaw will share his experiences leading a multi-billion-dollar procurement team.
Lessons from Covid-19
One of the most important lessons of Covid-19 on the supply chain professional is the need to access real-time, accurate information about the status of the supply chain. And, the need to build resiliency into the supply chain to offset the inevitable disruptions.
Digitizing your Supply Chain
When considering the digitization of your supply chain you should look for solutions that include:
- Continuous intelligence – the ability to capture data in real-time
- Advanced analytics – leveraging predictive and prescriptive analytics to move from being reactive to proactive
- Outcome analysis – testing options in the digital ecosystem to determine possible outcomes
- Collaborative responses – connecting and collaborating in the ecosystem
Expanding on Continuous Intelligence Next Week
In our next communication, we will expand on Continuous Intelligence. We hope you will find this information useful.
You can follow this link or reach out to us directly to learn more about Lumatrak, Inc.
Lumatrak’s PULSE software offers you tools that will help make sense of the chaos by connecting the processes, systems and communications supporting your purchases from the time of purchase to final delivery to your site.