When the crisis hit, did it seem like you were fighting a losing battle trying to get critical supply chain insights? This is a scenario most companies can relate to; digital process gaps that lead to massive delays and frustration when it comes to getting critical supply chain insights.
As the crisis deepened, many companies were left scrambling to decide which production was feasible and what demand could be met. Today, fashion companies are in reaction mode, focused strictly on maintaining supply and meeting customer needs, often through hands-on manual processes.
However, one thing is clear: the crisis has highlighted the importance of resilience in the modern supply chain. So how can supply chains stay agile and survive during challenging times?
End-to-End Visibility: The Key to Making Supply Chains More Resilient and Sustainable
A key factor in responding to disruption and maintaining an efficient supply chain is end-to-end visibility. Not having complete visibility in all levels in the supply chain is like shooting an arrow into the dark. According to the 2020 Supply Chain Visibility Report based on research by Reuters, only 60% of manufacturers and retailers say they currently have end-to-end visibility.
When the supply chain is disrupted, this visibility becomes crucial to understanding the cause and impact of the disruption so that action can be taken to minimize any effects before the entire ecosystem is disrupted.
Opportunity for change: make fashion supply chains more agile and sustainable
In recent years, we have seen the industry starting to move away from its out-of-date supply chain model characterized by long lead times, and relatively low flexibility.
This disruption offers fashion companies an opportunity to accelerate the transformation toward a demand-driven supply-chain model and sustainable sourcing. In a complex, fast-changing and unpredictable environment, this is no simple task, and based on the value at stake, the C-Level will need to be in the driver’s seat.
With a strong technology platform, especially one that seamlessly integrates with enterprise resource planning software, companies can realize efficiency gains and insights that improve decision making. Crucial ingredients in a demand-driven supply chain include increased transparency, removal of functional silos, utilizing highly efficient digitized processes supported by tools and analytics such as robotic process automation, conversational AI, mobile quality management application.
To help fashion companies get started, we have introduced a 10 minute online assessment that will help identify where the gaps exist and offer recommendations that can be quickly, and cost effectively solved. This assessment will help:
- Highlight process areas that are not yet digitized and can be crucial for Supply chain resilience
- Based on problem areas, offer recommendations on how these can be rapidly and cost effectively solved, with minimum disruption to your core-systems and processes