New rules that prioritize risk are bringing big changes to traditionally long, lean, and low-cost global supply chains
Global supply chains thrived for 30 years due to optimization strategies like lean manufacturing, outsourcing and operating efficiently in a stable environment. However, recent demand and supply shocks, like the panic buying seen during the pandemic, exposed their vulnerability to sudden shifts, causing both shortages and drastic declines in demand for certain products.
The normal rules did not- and could not- apply. And they never will again.
Global disruption like climate change and pandemics will become more frequent and severe, with unpredictable patterns. Supply chain resiliencies is key, it is the capability to be prepared for unexpected risks – is more important than ever. Smart companies investing in their supply chains now will be in a great position to win big later. This is the perfect time to revamp things and build a supply chain that's ready for anything!
Blog by Richard Howells and Stephanie Overby
Courtesy of SAP Insights
https://www.sap.com/africa/insights/viewpoints/5-supply-chain-truths-post-covid-19-world.html
What is a resilient supply chain?
Supply chain resiliency is the ability to respond quickly to operational disruptions through flexible contingency planning and forecasting – from material sourcing to logistics and the final delivery of products and services. Resilient supply chains work by combining strategic supply chain planning, data insights, diverse partnerships, implementation of capacity and inventory buffers.
Benefits of a resilient supply chain:
More efficient operations Improved productivity Risk Reduction
Courtesy of SAP
Role of SAP Business One in building a resilient supply chain
SAP Business One ERP, can streamline business needs by automating processes and centralizing data. SAP Business One supply chain management offer real-time visibility, order status and supplier management, empowering swift decision-making.
Benefits of SAP Business One supply chain management
Blog by Janvi Adatiya
Courtesy of Tutorial Website
4most Systems provides world-class, individually tailored and innovative business solutions for small, medium and large enterprises across industries and sectors. Established as an SAP Partner in 2004, we deliver ERP solutions utilising SAP Business One at the core. With offices in South Africa, Botswana and Namibia as well as a growing economic footprint in the DRC, Kenya, Zambia, Malawi and Tanzania, the company has a strong base, being the first and only partner to establish all-round SAP competency, offering over 30 years of experience and skills.