Enabling agility with technology
Bringing these tools to the right folks involves a strong technology stack for your supply chain needs. Martin Weis refers to this technology as a “control center,” giving you the ability to cross-functionally track critical data and increase visibility across your entire supply chain.
Aside from being this control center, “Technology can also provide you better insights into some of the shortages you see and the KPIs you want to track,“ Weis added. This can get at some of the granular visibility that Store mentioned earlier. And with an agility platform to go beyond the capabilities of a core system like an ERP, your data will be truly activated through your organization.
“The big systems are okay to manage big data or the organization of the data that’s being constructed from the supply chain operations. But these systems are not good to react to the dynamic situations that we are living in right now,” said Granados.
Weis added that leaders should invest in technology, such as artificial intelligence (AI) and machine learning to address their significant challenges and future-proof their supply chains. This should allow companies to free up human resources for processes that matter. Granados also shared his sentiments.
“Incorporating machine learning and AI will be key. We’ve now integrated big data with low-code platforms, and it’s working very well,” explained Granados.
As more organizations look to solve the issues they have struggled with due to disruption, those that can embrace technology are the ones who will be able to enable the necessary flexibility and agility throughout their organizations. Ultimately, that can make the difference between thriving in disruption and having your supply chain upended.