SCM Insights Turning supply chain transformation needs into a reality Cathy Sue Carpenter February 1, 2023 Share on Facebook Share on LinkedIn Share on Xing Share via email Collaboration, data, tools and partnership are the four key areas to focus on to future-proof your supply chain for the current and upcoming transformationsHow do you achieve a resilient supply chain with transparency, visibility, and sustainability in 2023? Focus on these four areas:CollaborationActual two-way collaboration is necessary to achieve supply chain resiliency. Instead of chasing down parts, real-time updates and feedback all in one place are needed to make the best decisions. In order to achieve this, accurate data and the right tools are imperative for this process to create a holistic environment for both your organization and supply chain for ultimate success together. DataTo create more effective and efficient supply chain management we need data. Everyone wants data and has it in some form. Unfortunately, what is referred to as a “data lake” is often more like a bunch of random muddy puddles in a field after a huge rainstorm; not clear, not connected, unknown depths, and is generally very messy. So how do you collect it and connect it to analyze it efficiently? With digital tools.ToolsFor accurate data, visibility, resiliency, and sustainability, ultimately, you need the right tools. Organizations everywhere realize and understand that more tools are required to level up a system, replace a system, or bridge the gaps with existing systems. With the right tools, data can be collected and organized in an easy-to-use platform with dashboards and reports at your fingertips to continually monitor, collaborate and analyze your data. True PartnershipManufacturers everywhere have a lot at stake. However, going away is the “do it or else” attitude regarding supply chain. Instead, it is being replaced with holistic, collaborative, and honest relationships with key suppliers and competitors. In 2022, I heard more and more, “how can we work together to get this done?” Wordsmithing mashups with competitor + partnership + friendship are coming into play like ‘friendtitor,’ ‘partnitor,’ and ‘competiship.’ Right now I am loving this more open-minded approach to chaining business processes and practices. I’m excited to be a part of this ecosystem and change for the future.
Rethinking the Digital Product Passport: Why SupplyOn Is Making Material Master Data a Strategic BackboneGlobal supply chains are at a turning point. What was long considered an operational discipline is increasingly evolving into a data-driven management task under regulatory pressure.Sustainability requirements are becoming increasingly stringent, data requirements are growing exponentially, and companies must manage both across complex, international supplier networks. At SupplyOn, we are observing this transformation across all…Learn more More details about Rethinking the Digital Product Passport: Why SupplyOn Is Making Material Master Data a Strategic Backbone
SupplyOn partners with ServiceNow: Closing the gap between internal procurement and supplier collaborationMany companies today have their internal procurement processes well under control: requirements are recorded digitally, approvals run through workflows, and escalations are regulated. And yet, where the supply chain begins, there is often a disconnect: collaboration with suppliers continues to rely on emails, PDFs, Excel spreadsheets, or isolated portals. This costs time, leads to errors,…Learn more More details about SupplyOn partners with ServiceNow: Closing the gap between internal procurement and supplier collaboration
Sourcing Cycle Time: Why RFx-to-Award decisions take too longSourcing cycle time describes the time between an RFx and the final award decision. In direct materials sourcing, this RFx-to-award phase is where delays most frequently occur – and where negotiated savings quietly erode.Savings rarely disappear at the negotiation table. They disappear in the weeks between RFx and award, when prices shift, capacities change, engineering…Learn more More details about Sourcing Cycle Time: Why RFx-to-Award decisions take too long