FIVE WAYS TO BUILD A CONTINIOUS SUPPLY CHAIN

Forte Supply Chain Consulting Bridging the Software Gap. For more information contact us here.

Given the highly disruptive events of early 2020, many global organizations are seeking ways to harness change. Indeed, industry analysts say leading retailers and brands must now reimagine their business models to survive, and here is the good news: Those who are willing to take calculated risks are likely to come through stronger than ever and find themselves better equipped to anticipate and plan for future changing consumer habits. Below are five key strategic areas where companies can create an agile and resilient supply chain.

1) Visibility

Breaking down barriers has never been more important. This means creating new connections, thereby enabling collaboration to drive agility, velocity, and resiliency across supply-chain ecosystems. This creates a unified connection to partners, utilizing a single data model to ensure that all parties are working from a single version of the truth.

2) Planning

Part of the problem is that many companies have created a landscape consisting of “islands” of information, which are likely to elongate lead times and cause a stocking up of inventory as a buffer against supply shortages. To eliminate some of this excess, all parties must be placed on a single network platform. By managing and synchronizing demand and supply beyond the four walls of an enterprise, supply-chain officers can leverage demand sensing, machine learning, and artificial intelligence to mitigate the impact of variability across their ecosystem or value chain. By connecting all systems of record to a system of engagement a company can generate a forecast coding system capable of migrating its plans into execution both seamlessly and in real-time.

3) Execution

Many companies are still burdened by a kind of institutional inertia, unable to “think faster” and react to sudden changes in demand including not just the number of units or items but also in speed of fulfillment. Antiquated systems that rely on generating an order before it moves to the warehouse and on to transportation management are simply too disconnected to work in today’s world, where a seamless digital network is essential. By better leveraging continued investment to improve strategic fulfillment and orchestration, companies can map out a way to synchronize all outbound fulfillment activities, from order to delivery, including warehouse operations.

4) Sense and Respond

To better create “what-if” scenarios, companies must begin driving toward end-to-end visibility and orchestration. This means advanced visualization for intelligent sense and response, supported by the product, transport, trade, and finance flows, with built-in alerts. Key to this effort are messages and issue resolutions on the network platform, supporting a “single source of truth.” Once a common backbone has been created, a company can predict the impact of disruptions on its financials and demands on its supply. Based on a calendar view of data in real-time, supply-chain officers can optimize planning and be able to connect it in real-time to the execution function.

5) Shifting to Digitized Ecosystems

Today, it is a mission-critical objective for companies to develop a fully connected ecosystem on a shared cloud platform, within Execution. Many global organizations are seeking ways to harness change. Indeed, industry analysts say leading retailers and brands must now reimagine their business models to survive. Planning. Visibility. Sense and Respond. Shifting to Digitized Ecosystems. creased reliance on automation and autonomous decision-making. This means taking advantage of advances in A.I. and machine learning and placing this technology in a central role within any given enterprise, where it can anticipate, predict, and automate a response mechanism across the supply chain.

Industry analysts maintain that the journey may well begin as an aspirational effort that requires building trust and breaking boundaries for both the client and its solutions provider. Once autonomous or semi-autonomous systems are launched to establish pattern recognition, disruptions can be mitigated with a mutually agreed-upon strategy and implementation. Having finally achieved this full integration, a company can move beyond its supply network to the ultimate goal: that of a truly digitalized ecosystem.

Forte Supply Chain Consulting Bridging the Software Gap.  For more information contact us here.

 

Source: https://www.supplychainbrain.com

 

FIVE STEPS TOWARDS A MORE RESILIENT SUPPLY CHAIN

Forte Supply Chain Consulting

Supply-chain flexibility and responsiveness have never been more important as they are at present. Even before COVID-19, supply-chain managers considered how to cope with supply-chain disruptions from natural disasters like the 2011 Japanese tsunami to political developments such as the U.S.- China trade war by building greater resiliency into their operations.

Companies are looking for ways to not only survive but to gain a competitive advantage in a prolonged environment of uncertainty and disruption. The capacity to cope with black-swan events translates into that competitive advantage.

How can businesses secure the upper hand over unanticipated challenges to managing a global supply chain?  The answer lies in identifying discrete challenges and responding creatively, strategically, and dynamically as situations continue to evolve.

1) Understand the risk

2) Be open from the outset

3) Take the long-term view

4) Do the analysis

5) Evolve your approach through lessons learned

Flexibility and speed afforded by taking a regional approach to manufacturing, distribution, and sourcing is one way to build more resiliency into the supply chain. Another emerging practice is asset sharing – whether it’s sharing trucks or warehouses – as an important strategy for managing business peaks and variability.

A resilient supply chain also takes full advantage of digital technologies that promote visibility and business intelligence. For retail companies, implementing tools that promote visibility and flexibility can provide insights into proper inventory levels, the positioning of SKUs, and the best mix of distribution operations. There is a level of finesse required, however, to introducing automation. Companies must continue to value their people as their most important assets. Automation is unquestioningly an important trend, but it should be introduced in such a way that makes peoples’ jobs easier and more rewarding even more fun.

Forte Supply Chain Consulting Bridging the Software Gap.  For more information contact us here.

Source: https://www.supplychainbrain.com

COVID-19 IMPACT INCREASES NEED FOR WAREHOUSE MANAGEMENT SOFTWARE

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The transport industry has never needed warehouse management systems and software as it does right now. The truth is that we do not know what the full impact of COVID-19 is on supply chains.

What we do know is that there have been economic and financial hits felt across global supply chains. With this, the digitization of processes in industries has and will continue to rise. Automation of tasks seems more attractive to a lot more business owners than ever before.

Warehouse management systems and software needs have increased due to the ramifications of the pandemic. Where some companies are well equipped to handle this time, a lot of businesses are unable to handle the strain.

If you aren’t in a position to handle the risks associated with supply chain disruption you may be in trouble. This is down to being in a haze, where you don’t have the visibility of the entire supply network.

A lot of companies rely on single geographies or product suppliers. This is a recipe for disaster. We have seen that companies with the right warehouse management systems and software plans succeed.

The processes of the systems will ensure that you see the minute details as well as the big picture. On top of this, it provides plans for a multitude of factors.

Now it can’t be said that the pandemic was a preventative issue in terms of supply chain management. However, companies with the right software were able to recover quicker. Businesses who adopted the new systems were also seen to start to improve on their losses in a shorter time.

Of course, not enough time has gone past to see the actual statistics of losses and recoveries. Although, experts agree that almost all businesses in the industry will require the implementation of warehouse software.

Moreover, the need for high-quality warehouse management systems and software from a reputable provider is key. This is where service providers who understand the industry and market win.

Their ability to ensure that your business can adapt to the new phase we are in ensures success.

Forte is a company that provides a state of the art service that streamlines your warehouse, inventory, and transportation services.

The company is able to decrease its expenditure and improve your profits.

Forte Supply Chain Consulting Bridging the Software Gap.

For more information contact us here.

IS SUPPLY CHAIN SWALLOWING UP PROCUREMENT

Forte Supply Chain Consulting

One of the core problems in the procurement profession these days. The identity of the profession is changing, once again.

Pandemic-related disruptions in consumer and industrial supply chains are making headlines, pushing the once relatively obscure work into the limelight. How companies manage their supply chains has become as important to a company’s success as financial health, market share, and customer relationships.

And that is why many companies have reshuffled leadership, appointing managers from other functions to run supply chain operations. These managers often have limited or no procurement, planning, or logistics background. The logic is that if the talented finance or marketing manager is now in charge of the supply chain, it must be important.

In many companies, this expanded universe of supply chain management, with leadership from finance or marketing functions, is swallowing up the somewhat independent procurement function. Rather than actively driving the supply side of the business, the function may again be relegated into a subservient support role.

How companies manage their supply chains has become as important to a company’s success as financial health, market share, and customer relationships.

Acknowledge the change in the business climate:
Companies have finally discovered the importance of the supply chain and are adding resources to shore it up. Supply chain management is also more customer-facing these days, so adding an existing customer-facing leader may be the best thing for the business.

Some procurement leaders may feel they have lost influence or leadership. But the increase in importance and scope of the supply chain function should lift all participants. Consumer-facing businesses must address questions and concerns about the origins of their products. Are they sustainably sourced? Free of forced labour? Fairtrade? Procurement holds the answers and can shine here

The procurement function is only diminished if you think it is:
Procurement professionals are a resilient bunch. Embrace the change and get ready to contribute to an expanded scope with certainly higher visibility.

Own procurement’s core responsibilities:
Sourcing, supplier performance, and managing supply chain risk are procurement responsibilities that will not be going away anytime soon. If anything, these critical functions are becoming more important.

Those new to supply chain management, or in existing functions like planning, distribution, or transportation, may not fully comprehend the complexities of the procurement process and how tough it is to manage a full range of global suppliers.

This is a perfect time to reinforce our reputation in an evolving organization by doing our jobs very well and teaching others about the nuances of supply management.

Forte Supply Chain Consulting Bridging the Software Gap.

For more information contact us here.

Source: https://www.supplychainbrain.com

FLOW MOBILITY | INTEGRATED MOBILE SOLUTION

FLOW Mobility

FLOW Mobility takes you to the next level of visibility, allowing every step of the journey to be tracked, actioned, and reported on. Done through a mobile application customised designed for your unique business requirements.
Go paperless with valuable data gathered in the field we can help completely automate your billing process and client communication.
Get in-field data straight onto the FLOW platform for incident reporting and service details.

FLOW Mobility provides a fully integrated or standalone mobile solution, allowing users to capture various forms of data in the field, then FLOW Mobility automatically generates electronic communications ranging from Electronic Proof of Deliveries, Invoices, Incident Reports, Return Forms, etc.
With the FLOW platform, we can digitise your businesses operations and create customised workflows to enable process automation through seamless integration from the data captured in the field such as:

Sign-On Glass
Automated POD’s & Invoicing
Image Capturing
Modern Data capturing (NFC, QR, Barcode Scanning)

ADDITIONAL FEATURES:
Turn by turn navigation
Pre & Post-trip inspections
Automated Customer feedback

BENEFITS OF FLOW MOBILITY:
Enhanced customer communication
Improved customer satisfaction
Proactive driver management
Enhanced on-site reporting capability
Real-time updates provide meaningful proactive communication on delivery failures and on-road challenges when they accord, combining with the FLOW platform to produce an analytical and completed automated solution for AI decision making.

ELECTRONIC CLIENT COMMUNICATION
The solution is flexible and allows for relevant information to be shared with end-user clients. This typically could include location confirmation, basic order, delivery, and ETA information. Forte Transport Solutions is your partner in your journey to move into the new paperless world.

Visit the Forte Transport Solutions page for more information.

Forte Supply Chain Consulting Bridging the Software Gap.