5. Supply Chain Strategy.
What are the strategies that helped the best survive? They were then and remain today,
the following:
Strategy 1: Adopt a demand-driven planning and business operating model based
on real-time demand insights and demand shaping. The right prediction and contingency
planning tools
will ensure a complete view and an effective response to risks such as suppliers
going out of business, political upheaval, and natural calamities affecting manufacturing.
Companies then can adjust pricing and promotions strategies to shape demand, move additional
product quickly, drive revenue growth, or further expand margins for a high-demand product
with limited market supply.
The key is to have the foresight to leverage opportunities and mitigate challenging events so that
your business not only survives but succeeds. With the arrival and maturation of cloud supply
chain technologies, businesses now have the ability to see exactly where all of their inventory
is—in real time—from the store shelf back to the manufacturer. An agile demand-driven supply
chain requires end-to-end visibility across the business from buyers and the market to supply.
With cloud technology, businesses can have it.
Strategy 2: Build an adaptive and agile supply chain with rapid planning and
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