Author: Nathan Goldstein In recent years, the life sciences industry has been drastically impacted by regulatory pressures, complex global networks, and rising production costs. This has forced supply chain leaders to develop aggressive business models that meet both regulatory and market demands while ensuring resilience across all components of their
Five key aspects of going beyond costs in supply chain network optimization Author: Nathan Goldstein Companies consistently explore avenues to trim costs and improve operational efficiency in an era of constant change. One such avenue is network optimization. However, companies must go beyond conventional cost-cutting strategies and embrace a modern
Author: Nathan Goldstein Aligning supply chain strategy with corporate objectives is a critical determinant of success in modern business. Many have attempted to manipulate their traditional network design tools to achieve this alignment, yet few have succeeded. And the reasons are both vast and complex. While marketed as comprehensive solutions,
Network design implementations are also notorious for spinning their wheels when scenario modeling and analysis bog down people and other resources to a point where initiatives fail, experience cost and schedule overruns, or simply underperform. So what can leaders do to support successful supply chain network design initiatives?
Manufacturers need to continually review their manufacturing footprint strategies to maximize opportunities, minimize risk and optimize their tactics. They need to respond quickly to new concepts and changes in consumer preferences.
Manufacturing network design software focuses on optimizing plant locations, capacity, and product flow paths. It can span what-ifs on internal production optionality versus outsourced production. Since COVID-19, companies need more flexibility and agility in scenario analysis, so they can ensure their networks are resilient to continued disruption. Thus, planners are
Even before the disruption caused by COVID-19, supply chain costs were going up year after year. This rise in supply chain costs is driven by several factors, including:
