According to Material Handling and Logistics, having a reactive supply chain is no longer sustainable for companies. The news provider reports that more companies are creating strategic supply chain roles in an effort to better predict any risks that the supply chain might be facing. This gives companies a greater opportunity to address the problem head-on before there are issues. There has been a gradual shift away from being a reactive supply chain, since it could lead to more costs lost.
Forbes reports one of the defining factors of a successful supply chain is the ability to plan. This allows for companies to be more agile if they see a potential problem on the horizon. The news provider said that companies can’t rely on spreadsheets alone, but rather need data models and better forecasting. This can help the entire company out when the supply chain is running smoothly.
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