3 Ways to Bolster Your Supply Chain

摘要

We're all learning, and there's no single action that can prevent another supply chain crisis like the one brought on by the pandemic. However, the following measures can mitigate the impact of the pandemic and any other catastrophic disruptions. 1. Optimize the product mix. The pandemic didn't just change the way customers bought items-it changed what they bought. Must-haves took center stage as luxuries fell by the wayside, and this shift should prompt you to look carefully at your own product mix. Artificial intelligence (AI) and data-driven solutions can help you break down your product catalog into high-value, highly reliable products all the way to low-value goods with highly sporadic demand. This process helps production and operations managers plan better and decide which SKUs to eliminate or localize to certain areas or seasons.