intelligent

into every aspect of your business operations . Data from every part of the business needs to be brought together in a single view , with realtime insights to drive rapid decision making .

or international supplier . Each will have their own political and logistical challenges and could be a weak link .

To drive further efficiency , ask your suppliers to integrate their supply data with yours . A recent report from Deloitte suggested that only half of businesses actually have visibility over their tier one suppliers . In the pandemic era , this is no longer acceptable .

When prioritising supply chain resilience , there are some key characteristics to look for in a solution that will maximise your ability to navigate challenges and drive rapid growth :

• Data analytics to collate , manage and process data from multiple points across your supply chain

• Built-in management systems for inventory , supply chain and financial reporting , along with Application Programming Interfaces ( APIs ) for integration with external supplier systems

• Secure , high-availability systems to ensure mission-critical systems are always online , available and visible

Clarity , centralisation and control

Clarity , centralisation and control are crucial when combatting supply chain challenges to underpin the highly-adaptable , flexible approach that is required in 2022 .

This discipline means faster responses to market demands than competitors , preempting supply issues before they happen , driving efficiencies in time and cost savings and , perhaps most importantly , driving customer satisfaction and advocacy . �

FINANCE TEAMS CAN ALSO CORRELATE SUPPLY CHAIN INSIGHTS WITH THE BALANCE SHEET TO DELIVER MORE PRECISE FINANCIAL MODELS AND BETTER MONITOR BUDGETS AND CASH FLOW .

This review approach will make any supplier vulnerabilities clear , providing a fair platform to negotiate plans and establish new service level agreements ( SLAs ) – with a clear plan of action should they fail to be met .

Put the right business management systems in place With so much flux in today ’ s supply chains , it ’ s become essential to have a single platform that provides visibility