Understanding the new business benchmarks for digital procurement in a post- COVID-19 world!

Customers heightened demands such as white glove delivery and fast shipping times have changed expectations for shippers dramatically. Many companies are struggling to figure out how to compete with large, successful companies like Amazon, who have raised the bar for shipping excellence. In addition, shippers and third-party logistics (3PL) providers must deal with a highly fragmented carrier market, often working with multiple carriers in any given market to meet special demands. In addition, maintaining communication across these relationships is a struggle, and gaining visibility across the shipping process only adds to the complexity of this landscape.

The Covid-19 pandemic has been the perfect black swan event that has affected global supply chains with both economic and financial ramifications. In the medical domain, it has become evident that the unprecedented increase in the demand for patients with the virus and the corresponding acute supply shortages have led to new adaptive and constantly evolving supply chain tactics to meet demand. This talk would focus on how the crucial role of logistics services (both forward and reverse logistics) in facilitating dynamic operationalization of strategies to improve the effectiveness of the emergency supply chains. The key takeaways would include how new innovation and supply chain theories are shaping up to explain the resiliency and also what some of the interesting research questions to analyze in the future.

Proper supply chain management necessitates anticipating demand, limiting risk, and smoothing inventory management to avoid shortages or over-ordering. Demand forecasting and material requirements planning (MRP) are processes that can assist you in anticipating and mitigating supply chain delays and ensuring that customer demands are met without interruption. During this webinar, we will discuss and demonstrate how having the right forecasting and MRP tools in place, as part of your overall ERP strategy for your manufacturing business, can work together to strengthen your supply chain management.

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