“ DATA IS THE LUBRICANT IN THE MACHINERY OF SUPPLY CHAINS , ALLOWING THE RIGHT DECISIONS TO BE MADE AND EFFICIENCY TO BE MAXIMISED ”
IT BUDGETS
“ DATA IS THE LUBRICANT IN THE MACHINERY OF SUPPLY CHAINS , ALLOWING THE RIGHT DECISIONS TO BE MADE AND EFFICIENCY TO BE MAXIMISED ”
TOM FAIRBAIRN SUPPLY CHAIN EXPERT AND DISTINGUISHED ENGINEER , SOLACE
That ’ s why we see the future of supply chains becoming high-tech for long-term resilience .”
Alicke adds that “ more companies are constructing a digital twin of the most critical parts of a supply chain – a strategy that can solve near-term challenges and protect against future disruptions ”.
As more assets are digitised , Alicke believes it ’ s even more important that companies also step up investment in cybersecurity tools and the workforce to support the technology .
“ This calls for a business continuity plan , driven by CEOs that understand supply chain resilience can no longer be ‘ just in time ’ or ‘ just in case ’, but an ‘ any case ’ business imperative .”
Supply chain risk management on three clear paths According to Peter Jackson and Tim Stone – both senior directors at Exiger Government Solutions – just two or three years ago , supply chain risk management ( SCRM ) “ was
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