Supply chain operations are facing massive disruption, forcing organizations to reimagine supply chain management capabilities and technology. Businesses must transform in a way that brings them the flexibility to be resilient and prepared for the future.
COVID-19 drastically altered supply chain landscapes, forcing organizations to develop and explore new transformation strategies across logistics, planning, distribution, routing, and much more. Organizations that had a strong data and analytics foundation were able to better overcome COVID-19 challenges than organizations who were operating in more traditional legacy environments.
As Quickbase's Supply Chain Resilience Survey found, being able to effectively access and utilize data remains a critical component of successful supply chain operations and helps organizations bring visibility into their data, systems, and operations. Organizations must have a technology foundation that maximizes the effectiveness of their data so that they can drive successful decision making and enhance their resilience in the face of imminent disruption.
Top Supply Chain Challenges
Delivery delays, material procurement overspending, non-compliance, and supply chain downtimes are common challenges and consequences of being unable to respond to the impacts of disruption.
Organizations can’t respond to unexpected change without taking steps towards modern approaches to data management. Operating in siloed environments is detrimental and creates further risks because your data is out of date and therefore irrelevant. This outdated information can create further problems for teams and departments.
Organizations are lacking access to real-time data, which creates visibility limitations. Furthermore, unnecessary business risks can arise without a holistic view of data, as organizations are unable to respond to changing circumstances in real-time and meet the demands of suppliers, partners, and customers.