Are supply chain challenges keeping you up at night? From material scarcity to talent shortages, today's supply chain landscape is riddled with obstacles. These disruptions can strain your company's working capital and jeopardize customer commitments. However, there's a solution on the horizon: the Digital HQ. A game-changer that transforms days of work into mere minutes. In this article, you will discover how the Digital HQ can help you avoid supply chain disruptions.
Collect your Data
Mulesoft is your solution for harnessing the full potential of data. It seamlessly collects and organizes scattered information, converting it into valuable Key Performance Indicators (KPIs) and services. This includes data from various software sources like inventory systems, material databases, and order histories. You not only gather data but also make it accessible to partners, suppliers, and customers, providing real-time insights into inventory data. The KPIs service this data into Supply Intelligence.
What does Supply Intelligence do?
Supply Chain is a turnkey dashboard that will help you navigate supply crises skillfully and act on competitive advantage before. With this robust tool, you can:
- Measure the impact of crises
- Save years of work
- Anticipate disruptions
- Identify bottlenecks
Supply Intelligence gives you an overview in two major perspectives:
- Sales Perspective: How well do you cater to customer demands?
- Supply Chain Resilience Perspective: The resilience of supply chain is measured around five key pillars:
a. Supply versus Demand Reliability: Are you consistently meeting customer demands?
b. Inflation Impact: How exposed is your company to inflation?
c. Logistic Resilience: Can you reliably deliver products on time?
d. Quality Resilience: Do you encounter quality problems with product returns?
e. Inventory Resilience: Is your stock sufficient to meet demands effectively?
How can you Cater to Product Shortages?
In the manufacturing industry, facing product shortages is not uncommon, and the key is to identify the underlying factors. This is where the Digital HQ steps in to provide you with a comprehensive overview. Delving into the subject is crucial, and it all begins with following steps.
Step 1: Identify Pending Customer Orders
- Determine which customers have pending orders.
- Plan strategies to fulfill these orders promptly.
Step 2: Visit the "Product Availability" Page
- Check your current stock levels.
- Forecast incoming stock.
- Assess the level of resilience.
Step 3: Monitor Duration
Keep an eye on how long the shortage situation has persisted. This will help you point out your weak points and come up with something better.
Step 4: Explore the Material Dashboard
This dashboard offers in-depth insights into your material inventory. You'll be able to swiftly identify any missing materials and trace them back to their respective suppliers. Furthermore, the dashboard provides a comprehensive overview of all your suppliers along with their resilience scores. This will help you make informed decisions about which supplier can best fulfill your needs.
Step 5: Take Action
With your supplier selection made, it's time for action. Reach out to your chosen supplier in a few clicks. Seamlessly contact them through Slack, Initiate a conversation and request a quote promptly, ensuring that you can swiftly secure the materials you need to maintain your supply chain's momentum.
Value of Digital HQ
You will get more than 80 KPIs that will help you precisely manage your supply chain.
Those 80 KPIs will be consolidated across the same 5 pillars we discussed above including Supply versus demand reliability, inflation resilience, quality resilience and inventory resilience. So you can get a consolidated view of your supply chain.
Then, those five pillars are consolidated into one resilient score for each of your products, one resilient score for each of your materials, and one resilient score for each of your suppliers.
Then these five pillars will provide you with actionable insights that you will perform to get desirable business outcomes.
Boost Supply Chain Resilience with Polar
Polar helps you identify vulnerabilities and build resilience in your supply chain. With real-time data and predictive analytics, you can proactively address disruptions and keep your operations running smoothly. Are you ready to navigate stormy weather that lies ahead? Contact us at at info@polarstrategy.com, and let us transform your obstacles into growth opportunities.