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Four Tips for a Lean and Agile Supply Chain
Fremont, CA: To recover control of inventory management, digital transformation is required, but it requires C-level support. There was a hurry to halt the bleeding by testing and installing new technologies at the height of the pandemic, but as corporations have settled in for the long haul, they have quickly reverted to lethargic and prolonged decisions and implementations. Leadership has less incentive to accept new technologies as time goes on. Here are four ways for a lean and agile supply chain:
Digitization of the supply chain
A digital supply chain refers to items, procedures, and logistics that have been digitalized. Undoubtedly, manual processes and a digital transition are required, but once the data foundation is in place, you can ensure that data is understood, information is provided to a human expert, and the why of actions is accounted for in the supply network.
Data collection is critical, but data cleaning is not
Organizations must understand their data across platforms, both internally and with their supplier network, in order to develop a consistently adaptable supply chain. You may use existing data, incomplete and unclean, to drive results more effectively while being agile and lean, as long as you understand your data.
Speed and change of supply chain dynamics
The supply chain's digital revolution cannot be postponed. It's a time-consuming task. However, delaying it for years or relying on outdated technical solutions means you won't be able to adapt and re-adjust your supply chain when the next unpredictable event occurs, which will be a significant disadvantage.
Strategic alignment of suppliers
It's easier to align with your suppliers, thanks to digital transformation. When you realize you need particular things in a digitized supply chain, your supplier can find out by simply exchanging your data across platforms. All stakeholders are updated on the modifications thanks to the system. You can run on demand by creating a network that allows you to be both agile and lean.
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