How do organisations begin to tackle the issue of their supply-chain?
“Part of the problem is that supply chains these days are incredibly complex and dynamic, and it can be difficult to accurately map individual suppliers onto specific products, services, or business functions. Organisations need a contextualised understanding of their supply chain – they need an overarching view, which shows if supplier X has its operations in France reduced by 50%, the impact on our business will be Y.
This is where technology can help by mapping the supply chain to a service-driven or product-driven view. In turn, this helps with understanding how different suppliers intersect with and are dependent on each other, and enable an organisation to conduct a gap analysis. Cloud-based solutions can also push surveys and questionnaires directly out to suppliers rapidly and automatically build out a supply chain map.”