Gartner Best Supply Chain Practices for a Successful Digital Transformation

More than 60% of supply chain manufacturers are working on or planning to design their machine response strategy over the next three years. In Gartner’s 2022 report,  surveys show the necessity of preparing the supply chain for machine customers. With projections putting these customers at the forefront of revenue for manufacturers in the next ten years, it is essential to build a digital foundation that encompasses the needs of operations catering to these customers. To find the best way to do this, we look to Gartner’s best supply chain practices.

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Top Trends for Supply Chain Manufacturers in 2023

Siloed data is wreaking havoc in the global supply chain. Without a standardized supply chain system, manufacturers are having difficulty finding, reporting, and executing information. Isolated supply chain teams are making decisions based on outdated, static data which is not only costly for modern manufacturers, but is causing barriers in reporting, prioritization, and communication. With today’s complex, global supply chains –organizations need smart factory solutions to avoid costly data silos. 

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The Cost of Data Silos in the Supply Chain

Siloed data is wreaking havoc in the global supply chain. Without a standardized supply chain system, manufacturers are having difficulty finding, reporting, and executing information. Isolated supply chain teams are making decisions based on outdated, static data which is not only costly for modern manufacturers, but is causing barriers in reporting, prioritization, and communication. With today’s complex, global supply chains –organizations need smart factory solutions to avoid costly data silos. 

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Advance Beyond Excel to Reduce Supply Chain Risk

Static spreadsheets are the enemy of advancement in the global supply chain.  While spreadsheets have been the traditional approach to supply chain reporting, these tools are not optimal for the modern-day manufacturer. Static spreadsheets are not equipped to handle the high complexity of global supply chains. If your team is relying solely on spreadsheets you are setting your team up for failure and are increasing your supply chain risk. 

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Simple Steps to Strengthen Supply Chain Manufacturing Partnerships

Suppliers are one of the most important relationships to maintain in manufacturing. A supply chain can become highly streamlined or remain stagnant based on relationships with your vendors. With less-than-perfect supplier communication, incorrect parts are shipped, with delays resulting in shortages for your business, and missed targets. 

Eliminate temporary solutions such as expediting materials, minimize the impacts of shortages, and avoid overstock which all can be quite costly and frustrating for organizations. Here are 3 steps for improving communication with your suppliers to strengthen your manufacturing partnerships with enhanced end-to-end collaboration.

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3 Ways Leading Manufacturers Are Using Technology to Improve Supply Chain Strategies

How Supply Chain Management (SCM) Been Impacted by the Shortage Economy

There has been no escaping supply chain disruptions. Manufacturers across the globe experienced a new set of challenges due labor and supply shortages.

Andrew Shoppa, a supply chain management expert, stated–that before the COVID pandemic, HNI Corporation was consistently operating around a 99% complete on-time rate for shipments from suppliers. During the organization’s lowest point in the shortage economy, they were operating at a rate of 78%, which greatly affected their ability to perform for their customers. 

However, HNI was not alone, other manufacturing leaders have experienced supply chain delays which have negatively impacted their on-time customer deliveries.

Gordon Van Champ, a seasoned supply chain leader from Chamberlain Group, found that many of their sourcing issues could be traced back to overwhelmed ports. Chamberlain had not diversified their sourcing, which put additional pressure on individual suppliers who were already overflowing with orders.

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How to identify bottlenecks in manufacturing: Temporary vs Sustainable Strategies

The Shortage Economy Impacts

Dealing with employment and resource shortages presents several challenges. With the current market dynamics, manufacturers have been forced to adopt processes that deal with the symptoms of shortages instead of addressing the root problem.

While there are approaches manufacturers can take to be adaptable in the face of whatever supply chain challenges will come, the reality is that many of the easy, instinctive solutions are short-sighted stop gaps. Here are a few ways manufacturers are dealing with shortage disruptions today and how they are creating sustainable strategies to build supply chain resilience.

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The Future of the Manufacturing Supply Chain Workflow Reinvented

Manufacturing Supply Chain Workflow Challenges

Deloitte and the Manufacturing Institute (MI) reported that the U.S. manufacturing industry was looking to fill half a million job openings in 2021, with expectations for that number to continue to increase. It is estimated that over 2 million of those jobs are likely to remain unfilled until at least 2030 which the study warns could damage the U.S economy by up to $1 trillion.

One top of that, LinkedIn reported a 28% turnover rate increase for manufacturing supply chain positions. With open positions that are hard to fill and existing staff feeling the burden of cognitive overload, managers are struggling to meet their goals with their existing workforce.

The global competition for supply chain talent rages on for both hourly and salaried roles alongside a once-in-a-lifetime shift in where, when, how, and why supply chain professionals work. Manufacturing companies will have to work harder to make jobs more exciting and rewarding for their employees, and to do even more to generate enthusiasm around their company’s vision and future to compete with the war on talent.  

Supply chain leaders must inspire a unique mix of frontline, hybrid, and remote workers. Discover how streaming the data manufacturing process using a human-centric work design can influence employment value propositions that retain and engage current employees, and attract and retain new ones.

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Building Supply Chain Resilience: How Manufacturing Leaders are Pivoting Their Strategies in the Shortage Economy

Webinar Recap 

Recently, LeanDNA had the opportunity to host a discussion involving experienced manufacturing leaders from Chamberlain Group, HNI Corporation, and PSG Dover. 

The three main learning objectives covered in the Building Supply Chain Resilience Webinar included: 

  1. Shortages and issues discrete manufacturers face
  2. The role technology plays in addressing these challenges
  3. How to utilize modernized planning and optimization tools for actionable insights

This blog serves as a resource to summarize the key takeaways from the conversation, you can also download the full webinar video for additional details on the topics discussed. 

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