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How To Build A Resilient Supply Chain

A modern approach to enterprise integration cushions business disruption. The outbreak of the coronavirus is also having a significant impact on the resilient supply chain. Fortune magazine says, “The pandemic has caused delays and other frustrations in corporate global supply chains. 

Companies should learn from this crisis and, if necessary, make fundamental changes to prepare their supply chains for future crises.” There is industry-wide consensus on the need to build intelligent and flexible digital supply chains: to ensure greater connectivity and collaboration between all partners and to quickly and effectively respond to and predict new supply and demand patterns. Tough times create innovative solutions, and the current pandemic can be a catalyst for accelerating the digital integration of supply chains.

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More Resilience Through Deeper Integrations

Supply chains must become more integrated to achieve the required level of business agility and collaboration. It is no longer enough to digitize communication with trading partners.

The data moving in the supply chain must be used for insights to identify and predict disruptions based on patterns and signaling events. The integrated supply chain must be able to adapt to actions taken to resolve the disruption quickly. 

For example, if a critical supplier is affected by an earthquake, how fast can an alternative supplier be found and integrated into the supply chain process to minimize the impact? Getting this right requires careful planning and a flexible integration approach that can support rapid adaptation. Comprehensive and adaptive integration of global supply chains is critical to supply chain resilience. Beyond traditional EDI, companies should address these four points to increase their productivity and strength further:

Integration Of Corporate Applications

Organizations are used to integrate internal applications and systems to enable automated information flows and collaboration. As supply chains become more interconnected, these systems must integrate with partners, suppliers, and customer applications to enable connectivity beyond traditional document exchange.

Internet Of Things ( IoT ) Integration

Companies equip numerous components of their supply chain with IoT sensors. The ability to control the various IoT devices as part of the ecosystem gives companies better insights and more information to react faster to new circumstances and build a resilient supply chain.

Data Integration

The supply chain team needs to ingest digital data from any source and automate the collection, management, storage, and distribution of data such as product information, reports, and forecasts. Professionals can focus on value-adding activities and supply chain improvement by automating manual data collection and processing.

Integrated Decision Support

Gathering and handling quality information empowers modern investigation that assists you with pursuing better choices, gaining further knowledge, and planning and enhancing activities. Combination and leading the board are basic in giving reliable, reasonable, and exact information for examination.

The Development Of A Unified Platform For Enterprise Integration For a Resilient Supply Chain

Supply binds today need to unite different unique components into a bound together endeavor to join stages like OpenText™ Exchanging Grid™. Forrester suggests organizations send an essential venture combination stage.

“This stage is exhaustive, a start-to-finish approach that consolidates information combination and the board, application reconciliation, B2B mix, and IoT coordination into an intelligent arrangement of capacities. This is essential for the computerized change that prepares an association to answer capricious advanced interruptions and get the greatest worth from their information.” A cutting-edge endeavor mix stage is basic in guaranteeing a versatile production network. Furthermore, this present time is the perfect time to open the door to begin.

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