In this unprecedented age of disruption, unforeseen events like labor shortages, natural disasters, and geopolitical conflicts have strained global supply chains, leading to product delays and reduced profitability. To overcome these hurdles and stay competitive, manufacturers must adopt new business strategies and digital solutions that enhance supply chain transparency and resilience.
Here are 5 ways to enhance resiliency and mitigate supply chain risks.
In this unprecedented age of disruption, unforeseen events like labor shortages, natural disasters, and geopolitical conflicts have strained global supply chains, leading to product delays and reduced profitability. To overcome these hurdles and stay competitive, manufacturers must adopt new business strategies and digital solutions that enhance supply chain transparency and resilience.
Here are 5 ways to enhance resiliency and mitigate supply chain risks.
Frequent, real-time collaboration with your supply chain partners is crucial throughout new product development and introduction (NPDI), especially amid constant disruptions. Keeping the lines of communication open gives everyone full visibility into part shortages, long lead times, and other bottlenecks that impact your production schedule. The earlier you can identify and resolve issues, the more likely you will meet your delivery targets.
Learn how you can create collaborative supply chain partnerships and speed time to market.
Manufacturers have long depended on paper, spreadsheets, CAD, and other disconnected systems to manage product information. What’s more, they often correspond with supply chain partners through phone and email. These outdated methods make it hard to keep everyone aligned and maintain full visibility throughout the product development cycle.
The key to improving supply chain transparency is centralizing product information, teams, and processes in a controlled digitized system. Advanced technologies like cloud-native product lifecycle management (PLM) and quality management system (QMS) software provide a secure single source of truth for internal teams and external partners to collaborate in real time and exchange information. By removing data silos and communication gaps, cloud-native PLM and QMS minimize errors and improve information flow for faster issue resolution.
Read our white paper for additional insights on how cloud-native solutions remove product development barriers to keep your teams and partners in sync.
From pandemics to devastating hurricanes and labor strikes, supply chain disruptions show no signs of slowing down. Manufacturers must be nimble to address the next wave of shocks that come their way.
Cloud PLM and QMS solutions support agile business practices by driving frequent, real-time collaboration between cross-functional teams.
Read this article for tips on establishing an agile operation that drives greater visibility and efficiencies throughout your new product development process.
Continued supply chain instability makes it difficult for manufacturers to maintain operational efficiency and achieve their product realization goals. Consequently, companies are leveraging analytics capabilities within their Cloud PLM and QMS solutions to monitor supply chain activities and make better informed decisions.
Discover how you can glean valuable, data-driven insights from supply chain partners to help reduce lead times, mitigate risks, and improve relationships.
Many manufacturers are diversifying production locations and moving their operations closer to home to mitigate supply chain risks. This shift aims to reduce costs, enhance quality, and improve supply chain efficiency. Additionally, companies are focused on strengthening supplier relationships through supplier evaluation, qualification, consolidation, and negotiation.
Cloud PLM supports reshoring and strategic sourcing initiatives by enabling manufacturers to maintain control of the entire product record, regardless of their geographic distribution. With secure, online access, product teams and supply chain partners can review the latest designs and track parts availability from any location. This ensures high-quality, compliant parts are always sourced at the best price and delivered on schedule.
Watch this on-demand webinar to see how Digi International, a leader in IoT, leverages an integration between Arena PLM and Part Analytics to enhance sourcing and supply chain relationships.
Discover how global product companies leverage cloud technology to enhance supply chain collaboration and gain a competitive advantage.
Arena is the proven cloud-native PLM leader, purpose-built for supply chain collaboration. Using Arena’s robust access controls, you can invite partners to participate in design reviews and other critical activities without compromising your IP. Automated workflows and real-time collaboration enable your product teams and partners to respond quickly to unforeseen events and deliver products faster.
Check out these resources to learn how you can create more efficient, collaborative, and agile supply chain management processes.
5 Tips to Improve Supply Chain Collaboration
Supply Chain Management and Collaboration: Managing Supply Chain Risks
Establishing Stability in Your Supply Chain Manufacturing Process
Manufacturing Outsourcing: 7 Common Pitfalls to Avoid to Achieve Supply Chain Success
10 Key Challenges & Keys to Success for Outsourcing Manufacturing
3 Strategic Sourcing Lessons From One OEM’s $7B Supply Chain