Create an ‘Insight-driven Enterprise’ to Stay on Top
Global supply chains are getting increasingly complex as IT transforms them for better productivity, visibility and accurate decision making. Infosys' expert advises companies to add new capabilities for managing complexity and harnessing the benefits of a global supply chain.
In an article in SCDigest.com
, our expert identifies three areas where companies need to enhance their capabilities:
Gain insight into the demand side
Companies must transform into insight-driven enterprises to ensure the success of marketing strategies. The evolution of multi-channel commerce, shrinking product lifecycles and rapid demographic changes make it imperative to leverage insights from advanced category analytics. In addition, enterprises must integrate marketing with demand management strategies for efficient supply response.
Manage risk on the supply side
Enterprises must mitigate supply chain risks that arise from global sourcing, Lean inventory strategies, limited visibility into the downstream supply chain and economic uncertainty. Companies need to address risks by defining a robust framework for their supply chain networks. The supply chain needs to be flexible, offer visibility beyond the enterprise, and have the ability to analyze 'what-if' scenarios.
Integrate processes with supply chain governance
The processes of a majority of supply chains are tightly integrated. Consequently, the failure in one downstream process results in a cascading effect across supply chain operations. According to Infosys' expert, enterprises must manage and integrate demand and supply side processes with a robust supply chain governance structure.
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Published with the permission of Supply Chain Digest™