To manage today’s complexities, current systems are forcing functional groups to resolve problems with outdated processes and approaches.This leads to poor product mix, lower margins, higher buffer inventories, unnecessary premium freight, low productivity and sub-optimal optimization.
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Inflation and interest rates are rising, supply chains remain under extreme stress, and fuel and raw material costs are surging. All of this is bound to impact demand over time, putting company revenues and margins under pressure.
On top of these new challenges, fundamental business pressures are increasing. This means it’s never been more important for procurement teams responsible for supplies supporting Maintenance, Repair and Operations (MRO) to do more with less. So, how can they take control when confronted by these new realities?
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The COVID-19 crisis is disrupting life as we knew it and quickly creating a new normal. For public transportation, in particular, restrictions and city lockdowns continue to impact regular travel as communities adhere to very real concerns over physical distancing. But as we begin to think about what life will look like in the months to come, including life after COVID-19, we can see this as an opportunity to think through immediate changes that will impact our future, starting with a positive change in how we move.
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Mike Sherwin from the ISE department at the University of Pittsburgh and Jon Carmona from the supply chain team at The Poirier Group will tag team to bring fresh, innovative ideas on how to adapt supply chains in the face of the waves of disruption that are ahead. During this webinar, Jon and Mike will share systematic thinking on how this "Black Swan Event" is impacting the way we think about, plan, design, and execute supply chains.
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