Improving Your Supply Chain To Stay Competitive

In this episode of Rethinking Supply Chain, John and Diana look at how businesses can improve their supply chain in order to remain competitive.  According to the International Data Corporation (IDC), sixty percent of companies expect their business to be disrupted due to inadequate supply chain management. Covid-19 has also been a huge shock to business supply chain management.Therefore, now is a good time for businesses to analyze their current supply chain system and think about how that system can be improved. One way businesses can improve their supply chain effectiveness is through full visibility for all stakeholders. With full visibility, manufacturers, suppliers, and retailers can anticipate disruptions and plan accordingly.Today, visibility needs to be digital. Even before the pandemic highlighted all of the inefficiencies in most supply chain systems, businesses were feeling the stress of lacking complete visibility. By going digital, the entire supply chain can have access to necessary information to ensure a streamlined experience.So, why aren’t businesses making their supply chain management systems digital? John explains how manufacturers are challenged by data management, and it may be keeping them from taking advantage of the available technology. John talks about how Venzee has harnessed artificial intelligence to simplify the process of data management for manufacturers and suppliers.