Thriving Instead of Surviving: How to increase resiliency in supply chains during tumultuous times
Apr 11, 2024 at 10:00AM - Apr 11, 2024 at 11:00AMA lean supply chain has long been the ultimate goal and gold standard. “Trim the fat”,
“reduce cost”, and “reduce waste” have been common sayings. The past few years
have highlighted that lean supply chains perform best with predictability. Minimal lead
time variability on raw components and finished goods has allowed companies to hold
less safety stock; moreover, sourcing departments rarely have updated supplier contact
information because it is easier to send a PO to a generic email. Prior years data could
be used to set forecasts for the next year, and use of data analytics provided improved
forec...