A supply string manager’s ability to anticipate disruptions is invaluable. The economy, geopolitics, climate change and public health continue to change global supply chains in unpredictable ways. The ability in order to predict the future is one of the job requirements for supply chain managers today.
In light of these challenges, supply chain supervisors must be proactive about preparing for the future and ensure they have the particular right technology to support their company’s operations. As a result of digital transformation, businesses could optimize existing processes to gain agility plus flexibility.
Suzano de Papel e Celulose (Suzano), based in Sao Paulo, relied on a digital transformation to improve its source chain resilience , said Jefferson Mansano Ticianelli, the digital change executive at the company, during the “Build a Sustainable Future for Your Supply Chain and Your Business” panel at Oracle CloudWorld 2022 in Las Vegas.
Traditionally, business units worked in a siloed way to conduct business, Ticianelli said. To create better supply chain visibility , Suzano used its electronic transformation efforts to create a global project that would enable the company to address compliance, customer experience, employee experience and productivity.
Scenario planning as part of digital transformation
Because part of a significant electronic transformation, offer chain administrators can look for tools to help boost scenario planning capabilities.
“Today’s provide chains are impacted by larger events, ” said Moshin Lee, vice president associated with supply string planning product management in Oracle, during the “Key Best Practices to Advance Your own Supply String Planning Strategy” panel from Oracle CloudWorld 2022. “As a consequence, our supply chains are less stable, much less predictable than they were even a few years [ago]. ”
Scenario planning is critical to positive supply chain management inside a time of ongoing disruptions and enables supply string managers to make much better predictions.
Examining scenarios can help identify potential disruptions plus growth areas quickly, Lee said. And the most effective scenario preparing involves considering multiple options at the same time.
“Alternative future scenarios … might be negative scenarios such as supply interruptions, [or] positive scenarios like competitive opportunities that lead to greater market or revenue share, inch Lee said.
In the world where disruption is the rule — not the exception — planning for both makes sense.
Guilliean Pacheco is an associate site editor covering CIO strategy, digital modification and sustainability. Before joining TechTarget, she was a freelance writer and copy editor.