article thumbnail

What is Supply Chain Management? A Guide to Success

SCMDOJO

Risk Management: Proactively identifying and managing risks is crucial for supply chain success. Developing contingency plans, diversifying suppliers, and implementing robust risk mitigation strategies help businesses navigate unforeseen events and disruptions.

article thumbnail

The missing link: Why visibility is essential to creating a resilient supply chain

IBM Supply Chain Blog

Supply chain visibility has been the missing link since the shockwaves of 2020 rippled throughout the world and consumers felt the impacts of broad-based supply chain issues. But what does supply chain visibility mean? The reason boils down to a single word— barriers.

professionals

Sign Up for our Newsletter

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

article thumbnail

The Supply Chain Management Playbook: Your Game Plan for Operational Success

World of Procurement blog

Risk Mitigation SCM minimizes supply chain risks through careful planning and collaboration. It reduces vulnerabilities and exposure to events like natural disasters, geopolitical changes, and cyberattacks. Lean and just-in-time principles eliminate waste and align supply closely with demand.

article thumbnail

Digital Transformation Journey in Supply Chain Planning

Solvoyo

Maintaining all past and future promotional events in a database. Maintaining outlier events that have influenced demand patterns or supply availability. Modeling the impact of weather events. Automatic identifying and removing outlier events from the historical data. Having accurate stock-out data.

article thumbnail

Coronavirus & The CPG World: What to do now and how to prepare for the future?

Solvoyo

2) Real-time visibility is extremely valuable during times of crisis! In the supply chain, visibility involves status reporting from suppliers, through the production&distribution infrastructure and all the way down to the shelf level. This allowed them to place additional orders much earlier than their competitors.

e2e 40
article thumbnail

Coronavirus & The CPG World: What to do now and how to prepare for the future?

Solvoyo

2) Real-time visibility is extremely valuable during times of crisis! In the supply chain, visibility involves status reporting from suppliers, through the production&distribution infrastructure and all the way down to the shelf level. This allowed them to place additional orders much earlier than their competitors.

e2e 40