SUPPLY CHAIN
How crucial is faultless SCM amid increasingly volatile conditions ?
Dan Myers Faultless is a high bar indeed , but it ’ s always something to strive for . The supply chain is the link from raw materials to the consumer . It doesn ’ t matter how good the product is if you can ’ t manufacture or supply it to the customer . The supply chain is the lifeblood of any business and , as such , the economy itself .
In the post-COVID world , supply chain resilience has become a key topic for most organisations . The working environment is undergoing unprecedented changes , with ever -changing customer needs , supplier demands , geopolitical events and rising capital costs . Anticipating customer needs through a comprehensive view of the end-to-end supply chain and inventory is now more crucial than ever . Equally important is the establishment of clear responsibilities and governance in the overall operating model , which is essential for effective supply chain management .
Supply chain management includes the use of various buffers to manage volatile conditions . These include inventory buffers and capacity buffers .
The best way to manage volatile demand is to build a lot of inventory . XPO Logistics , with its expertise and dedication , assists customers in adapting to this new volatile environment that is here to stay , instilling confidence in the partnership .
Brian Gerritsen The holy grail is faultless , right ? But it ’ s almost unattainable because disruptions happen and will continue to happen . I think what we can all agree on is that the fragility of the supply chain has been tested probably more so in the last 5-10 years than we ’ ve seen historically . And I think we can anticipate those disruptions to persist , whether it ’ s geopolitical , weather , civil unrest , raw material disruption as we think about the global supply chain . In the US , the collapse of the Baltimore Bridge disrupted a very significant port and brought the fragility of our domestic supply chain under a microscope . The question is , how do you stay in control of the things that are in your control ? That ’ s our theme when we talk internally about this topic , as well as when we consult with our customers . supplychaindigital . com 155