Supply Chain Management
Just what the doctor ordered during a recession
How does your company react to a downturn? Most companies postpone new initiatives, slash costs and get back to basics. On the other hand, smart companies use it as an opportunity to make long-term, strategic supply chain management investments. Flat world companies plan and implement long-term strategies not just to survive a downturn, but to 'win in the turns' and thrive in the wake of a recession.
Companies must consider execution initiatives such as:
In an insightful article, AMR Research focuses on planning and execution initiatives, and critical areas of investment in strategic supply chain management.
According to supply chain management experts, companies need to undertake planning in areas such as:
- Improving order and inventory visibility to help with customer promising and ATP
- Re-evaluating the hierarchy of supply chain metrics, shifting focus and effort accordingly
- Analyzing the right tradeoffs at the execution level based on assumptions made in the sales and operations planning (S&OP) process, such as better alignment of S&OP and execution
Companies must consider execution initiatives such as:
- Using downstream data from distributors and channel partners more effectively for better forecasting and demand planning
- Maintaining service management focus by not cutting back as the volume of original equipment orders decline
Read AMR Research Article (Requires registration)
