Last year, globally, we learned several contributors to business resiliency. Pick ONE to focus on this year to solve a current challenge.
Plan for worst case scenario – establishing contingency plans leaves you better equipped to adapt and respond quickly and effectively.
Integrate systems – Info or dept silos prevent synergy and collaboration, but bridging those gaps allows teams and departments to react efficiently.
Improve inventory visibility and flexibility – Creating consistent real-time visibility into supply-chain inventory allows adjustments as necessary
Forecasting and planning – since supply and demand are often the first areas hit in a disruption, realtime data allows early predicting & adjustments
Reducing lead time & cycle times –since both are high risks in disruption.
Improvement and innovation as your DNA – finding new and inventive ways to meet customer needs creates loyalty and keeps your reputation positive.