5 Ways to Build a Resilient Supply Chain

Reducing Risks With Collaborative Partnerships

Supply chain resiliency is a top priority for manufacturers as natural disasters, geopolitical conflicts, and other disruptions pose barriers to new product development and introduction (NPDI)*

Chart-State of Manufacturing 2024

*Source: 2024 State of Manufacturing Report (fictiv)

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Here are 5 ways to enhance resiliency and mitigate supply chain risks.

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1. DIVERSIFY YOUR SUPPLIERS

Qualifying alternate suppliers helps to quickly address part shortages, long lead times, and other unforeseen challenges.

Image-Global alternate suppliers and shipping routes
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2. CONSIDER RESHORING, NEARSHORING, OR ALLY-SHORING

Working with trusted partners who are closer to home reduces your exposure to geopolitical instability, cyber threats, and transport delays.

Image-RESHORING, NEARSHORING, OR ALLY-SHORING YOUR SUPPLIERS
Image Working with trusted partners in manufacturing
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3. CREATE INVENTORY AND CAPACITY BUFFERS

Safety buffers like extra raw materials, backup equipment, or additional personnel enable you to keep production running amid disruptions.

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4. STAY CONNECTED WITH SUPPLY CHAIN EXPERTS THROUGHOUT EACH PHASE OF NPDI

Frequent communication gives everyone full visibility to resolve manufacturing design issues, material shortages, and other supply chain shocks.

Graphic-NPDI Process
Graphic-Optimize Design for Manufacturability

Optimize Design for Manufacturability

Graphic-Speed Time to Market

Speed Time to Market

Graphic-Reduce Cost of Goods Sold (COGS)

Reduce Cost of Goods Sold (COGS)

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5. ADOPT A CLOUD PLM OR QMS SOLUTION TO CONTROL YOUR PRODUCT RECORD

Unlike traditional paper-based systems, Cloud PLM/QMS provides a trusted online source for product teams and partners to get accurate, up-to-date information and stay in sync.

Paper and email communication create information gaps and silos

Graphic-Paper, email, and fax create information silos and communication gaps

Cloud PLM/QMS connects product information, processes, and people in a single system for full traceability and visibility

Graphic-Cloud PLM/QMS connects product information

Paper and email communication create information gaps and silos

Graphic-Paper, email, and fax create information silos and communication gaps

Cloud PLM/QMS connects product information, processes, and people in a single system for full traceability and visibility

Graphic-Cloud PLM/QMS connects product information
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STRENGTHEN SUPPLY CHAIN RESILIENCE AND REDUCE RISKS WITH ARENA

Arena is purpose-built for secure, real-time supply chain collaboration, enabling product teams and partners to engage in critical product development activities and resolve issues fast.

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Graphic-Protect sensitive IP with robust supplier access controls

Protect sensitive IP with robust supplier access controls

Graphic-Obtain partner feedback via formal ECOs or informal chats

Obtain partner feedback via formal ECOs or informal chats

Graphic-Easily track supplier status across the entire product lifecycle

Easily track supplier status across the entire product lifecycle

Graphic-Gain visibility into component availability and alternate sources

Gain visibility into component availability and alternate sources

Graphic-Ensure parts compliance

Ensure parts
compliance
(REACH, RoHS, WEEE)

Graphic-Monitor supplier performance

Monitor
supplier
performance

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