Supply Chain 2020 Vision – Part 3: The Future is Now

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Supply Chain 2020 Vision Part 3 The Future is
Now
https//katalysttech.com/
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In this third part of our look into the supply
chain trends that will shape the industry next
year, experts share how organizations can always
be prepared for what lies ahead. Check out parts
1 and 2 for more of their predictions. Ahead of
the Game The year ahead will be filled with
opportunities and challenges for supply chains,
and predictions 365 days from now may look very
different than the expert outlooks presented
above. Still, there are some reliable and
unwavering principles organizations can keep in
mind as they develop strategies and keep up with
trends.   People have to stay educated, open to
listening to new trends and ideas, spotting new
trends and directions they should be going,
says Rosemary Coates, Executive Director
of Reshoring Institute. Its paying attention,
reading stuff, attending conferences, educating
everybody in the supply chain.  Lynn Smith,
Vice President of Supply Chain Management at
Katalyst Technologies, agrees, suggesting
attending trade shows such as next years MODEX
in Atlanta and ProMat in Chicago in 2021. Reading
industry publications will also improve
awareness. Theres a lot of good trades out
there that keep you abreast of whats going on
within the execution market, especially what type
of new equipment becomes available, he says.
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2020 and Beyond Your focus should be on where
you are versus where you need to be, says
Davielle Panzullo, Senior Logistics Manager at
Verizon Wireless. As you continuously hit your
target, determine how to forecast for the next
target, and where to identify the shortfalls.
She also emphasizes making sure that those at the
top of the chain are knowledgeable not just in
managing a supply chain but in leading their
employees. Theyve got to be agile in
technology, but having technology is only part of
it. The bigger part of it is training and
teaching the workers what their value is and
really developing a culture where they are
engaged.
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Taking full advantage of data, utilizing
technology, carefully analyzing manufacturing and
distribution strategies, and rethinking old,
outdated practices will help companies find the
best bang for their buck and the most efficient
methods of operation. You dont start with a
solution, you start with a problem, and then you
look for the right solution for that problem,
Hopper says. But the bottom line is the
solutions for that problem have evolved, and
theyve gotten better, and theyve gotten
cheaper, and they can be implemented much faster
than they used to be.  Katalyst Can Help  Does
your organization need help finding these
solutions? The supply chain experts
at Katalyst are ready to help. Whether you are
looking for innovative supply chain software,
such as our Celero WMS, schedule a
consultation to make sure you stay competitive
and prepared for 2020 and beyond.  Source Link -
https//katalysttech.com/blog/supply-chain-2020-vi
sion-part-3-the-future-is-now/
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