AUTOMATION IS CRUCIAL TO SUPPLY CHAIN AGILITY IN THIS CHALLENGING GLOBAL BUSINESS ENVIRONMENT

May 13, 2020

In these uncertain times, Automation is on the minds of executives across all market sectors as they look for ways to decrease disruption from future crises or even ensuing waves of COVID-19.

CFO’s have responded to various industry surveys regarding the intense interruption of all phases of their overall businesses from the effects of the virus and the general business refocus on the processes, procedures and actions on things they can control.

But in the supply chain, CFOs plan to apply additional automation to improve agility — a quality 72% of CFOs said their organizations expect to develop as a result of the pandemic.

Industry analysts expect to see a focus on automating data collection and analysis regarding supply chain effectiveness.  Using supply chain performance as an indicator of resiliency, and not merely cost management, combined with a new awareness of the value of supply chain management talent could shift training priorities.

A recently released report from McKinsey found that the pandemic will lead to a dedicated risk management function within many supply chains.​  “Working alongside the manufacturing, procurement, and supply-chain functions, these units assess vulnerabilities across supply nodes and apply robust risk-mitigation frameworks to address those vulnerabilities,” according to McKinsey analysts. Digitization will help.

Modevity Investigative Due Diligence Services provide actionable intelligence for risk avoidance in detailed reports that assist companies in assessing their supply chain.

Modevity supply chain audit services can assist you in protecting your company’s financial position, its operations, and its reputation going forward. Our staff of veteran investigators can provide timely and actionable intelligence on your entire supply chain. Allowing you to get on with what is important.

#SupplyChain, #RiskManagement, #Compliance, #GRC, #Risk-mitigation, #Digitization, #Automation, #McKinsey

 

Post Details

Date:

May 13, 2020