Managing Risks in the Supply Chain

Managing the risks involved with the supply chain is critical for many manufacturing companies. Companies are asked to develop sustainability policies and manage non-compliance against these policies just to do business. So how can your company manage a sustainable supply chain?

The complexities associated with navigating the supply chain are only growing. Organizations like yours struggle to formulate scenarios for potential obstacles and how the company will pivot to meet those new demands. Here are some of the areas that could add to risk within the supply chain:

• Health and Safety 
• Environmental 
• People
• Ethics
• Regulatory 
• Reputation
• Finances 

Implementing a company workflow involves stakeholders. Depending on the type of industry, your supply chain could be quite vast. 

Some governments and major companies are leading initiatives to change the supply chain, but more companies like yours need to be onboard if the measurable change is enacted across the globe. 

Sustainability is critical due to a constantly evolving regulatory environment, higher societal and shareholder expectations, greater scrutiny, and competitors seeking advantages.

This added pressure to create a sustainable supply chain can put organizations in tricky places. Without careful management and control, organizations may be exposed to significant financial and reputational risks that could cause severe damage. At the same time, organizations with an effective sustainability strategy that covers both internal and external supply chains, combined with practical and proactive risk management systems, will become more competitive and attractive as business partners in the future.

Advanced Planning and Scheduling Software 

Advanced Planning and Scheduling (APS) software has become a must for modern-day manufacturing operations due to customer demand for increased product mix and fast delivery combined with downward cost pressures. APS can be quickly integrated with a ERP/MRP software to fill gaps where these system lack planning and scheduling flexibility and accuracy. Advanced Planning and Scheduling (APS) helps planners save time while providing greater agility in updating ever-changing priorities, production schedules, and inventory plans.

• Create optimized schedules balancing production efficiency and delivery performance
• Maximize output on bottleneck resources to increase revenue
• Synchronize supply with demand to reduce inventories
• Provide company-wide visibility to capacity
• Enable scenario data-driven decision making

Implementation of Advanced Planning and Scheduling (APS) software will take your manufacturing operations to the next level of production efficiency, taking advantage of the operational data you already have in your ERP.