The ABCD of Supply Chain
The definition of supply chains has come a long way from being just a collective of warehouses and fleet. It is now a crucial lever to stay relevant in the market. An enterprise’s strategic initiatives significantly depend on the flexibility of its supply chain operations, especially in the face of a growth opportunity or a distress call. In the aftermath of COVID-19, companies across the globe are compelled to realign their conventional Business Continuity Plans according to the realities of remote working, contactless deliveries, digital platforms, network-driven decisions and operations visibility. The bottomline now depends on a robust ecosystem of data collection touchpoints. Here are a few fundamentals to keep in mind:
Attention - Identify critical touchpoints of operational efficiencies.
Constantly recalibrate critical operational processes that influence business-critical decisions. Enterprises collate data which is often locked into silos and is restricted within operational units. The inefficiencies lie unidentified and continue to incubate, until a major business disruption exposes the shortcomings and derails the response strategy to the challenge. Source Url














