Resilient Supply Chains: How to assess your ability to respond, recover and reimagine
COVID-19 created an extraordinary situation that impacted the supply chain, the economy and so much about our day-to-day lives. Regardless of industry, supply chains were disrupted and there were dramatic alterations in demand. For businesses, supply chains have become an even more strategic topic. Forward-thinking companies know that they should prepare their supply chains for a post pandemic world and will almost undoubtedly become less risk tolerant and look beyond simple cost reduction.
Supply chain disruptions will continue to occur. The cause of disruption will vary in each situation, such as trade wars, natural disasters, or inadequate natural resources. Despite it all, businesses will need to respond with agility and continue to reimagine their supply chain. More importantly, the industry players who are thinking ahead and continue to innovate the way they do business will be able to leverage their supply chains as a differentiator and seize new opportunities, becoming the disruptor.
But How? … What to do now… What to do next.
Most of us undoubtedly appreciate that as supply chains become more complex, demand become more volatile and expectations for responsiveness rise innovative technologies can help resolve these issues by providing vital business information across the network, improving real-time data analysis, and enabling better collaboration across departments and companies.
The bigger challenge is how to start or continue this journey and what to do next. One way to begin is by taking stock in where you are today.
SAP has made available a Digital Supply Chain Maturity Assessment to determine how ready your company is to take the key transformative steps necessary to survive and thrive in this environment. This is a survey researching how ready your business and supply chain is for digital transformation and once completed you will get a personalized assessment report.
SAP Digital Supply Chain Maturity Assessment: https://discover.sap.com/dscmaturityassessment/en-us/login.html
This is a great way for you and your supply chain team to get and an objective viewpoint on where you are today, compare yourself to best practices and understand what you should do next. The assessment does not take very long and, in my experience, simply going through the process as a team provides as much if not more value as the seeing the results.
Thanks for sharing John! I hope companies are using the opportunity to provide their insight and in a future blog you can share some of the feedback.