There’s plenty of data racing through our collective supply chain and there are lots of technology vendors bidding for your participation in their specific systems. According to Deloitte’s recent report there are a variety of factors for which timing is right for 2014 being the year the supply chain in general and procurement in particular gets beyond simply understanding that big data and analytics is important and begins to use the tools that have recently become available.
We know that supply chain visibility is a requirement for any company competing in today's global marketplace. You must be able to see something if you want to manage it. It is the key to Supply Chain Management. We have talked about the Supply Chain Control Tower and who sits in the tower, now we are going to talk about what should be going on in the Supply Chain Control Tower and what it can do for you.
I've read quite a bit lately about changes in the way the supply chain is (or will be) connected. A lot of that conversation is centered around visibility - or more precisely the lack of visibility. What's stunning to me is that this is not a new problem. With all the technology and money being devoted to lowering costs in the supply chain, why is this still a problem?
A comment to us from a large supply chain “hub”: “The GXS mess shows how fragile everything is in the supply chain. Stakeholders (suppliers, manufacturers, distributors) do not control their own destiny if they are using an EDI Provider”.
As a manufacturer (or supplier), the historical position is to be reactive to the needs of the buyer. Of course forward thinking manufacturers also have significant marketing and development efforts that provide products and innovation to their customers in a more proactive way. Being truly reactive can come with some benefits that may be better than being fully proactive.