Ninety percent of companies have inherited their supply chains and have  focused on making the assets efficient. However, as many companies find  out with the struggle with COV-19, the efficient supply chain (lowest  cost per unit) is fragile in world events. This pandemic is a good  opportunity to rethink supply chain strategy. In this podcast, Lora  Cecere, Founder of Supply Chain Insights, coaches leaders to start with  demand. Use consumption, not order data, and translate market demand  with accuracy and the speed of business. One thing is clear, consumer  demand is changing, and the order, and order history, will be a poor  proxy to guide companies through this unprecedented times. Secondly, now  is a good time to rethink the nodes of the supply chain and the roles  each plays. Companies do not have one, instead they have many supply  chains. Each requires demand and constant configuration based on demand.  The greater the demand variability, the need to have fewer nodes and be  closer to markets. Alignment also requires the rethinking of metrics,  the role of the budget and the need for analytics.

Tags: Cov-19, Supply Chain Excellence, Supply Chain Insights, Lora Cecere, Variability, Risk Management