article thumbnail

Improving supply chain resiliency in the industrial sector

IBM Supply Chain Blog

80% of manufacturers report MRO asset management in their facilities needs improvement 60% of construction companies admit their industry is behind when it comes to adopting digital technology 5 ways the industrial sector can improve its supply chain resiliency 1. Optimize your maintenance inventory.

article thumbnail

Mitigating Risks and Future-proofing the Supply Chain

ivalua

Procurement leaders are under increased pressure to improve supply chain resilience. In this regard, monitoring supplier performance, compliance, and the flow of materials from the lowest tier of supply to the end consumer is key to promoting end-to-end visibility.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supply chain visibility in the energy and utilities industry

IBM Supply Chain Blog

Visibility. Visibility into other key inventory (e.g., Automate to ensure consistent service levels Without real-time demand sensing combined with visibility into performance across supplier networks, increasing grid/energy demands for consumers and growing communities can lead to product excess or shortages.

e2e 63
article thumbnail

High Speed 2’s approach to building supply chain transparency

Procurement Leaders

Supply chain resiliency is also a critical objective for HS2, as the industry contends with challenges including commodities, hyperinflation of material prices, deficits in skilled labour and changing consumption habits. Engaging with suppliers to collect the necessary data.

article thumbnail

See Through Disruptions: How Supply Chain Visibility Builds Resilience

SCMDOJO

Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. Supply Chain Resilience refers to a supply chain’s ability to withstand and recover from unexpected events.

article thumbnail

The Digitalization Journey at Mars DPW Amsterdam 2022 – Sam de Frates

HICX

In his words, “If we don’t have visibility of it, we don’t know where to go at it.” Analytics, on the other hand, done correctly, can provide this visibility. He gives an example in the area of supply chain resilience. We do not need an end-to-end solution.

e2e 52
article thumbnail

Predictive Procurement: Overcoming Challenges in Health and Pharma

Arkestro

Limited Supplier Network. Relying on a limited number of suppliers can lead to back-orders and other delays. Constrained supply chains and the associated shortages have resulted in mounting pressures for organizations to diversify their supplier bases. Supply Chain Visibility.