Tag: supply reliability
Nowadays, everyone is preaching that data is the new oil. But unlike oil, it’s not (just) the sheer output volume that matters here. What really counts is the efficient use of this data so as to draw the right conclusions in terms of the supply chain reliability. Read more
Given the increasing need for manufacturing companies to take on a global orientation, supply reliability is becoming ever more important. In this context, the term “supply reliability” refers to the sound, realistic planning and coordination of demands and capacities across the entire value added network.
At the same time, it means the ability to identify and eliminate disruptions in the supply chain early on in order to avoid production downtimes and costly special measures. As globalization progresses and increasing shares of value added are shifted to suppliers, ensuring a smooth supply of components for production becomes more and more complex. Read more