Thanks in part to the technological innovations just mentioned, supply chains have become increasingly complex. We have seen growing specialization across the supply chain, with more and more companies devoting themselves to specific niches in design, manufacturing, testing, assembly, and service.
On the other hand, having multiple tiers of suppliers creates new challenges when it comes to keeping teams on the same page during the new product development (NPD) and new product introduction (NPI) processes. Communication and maintaining a single source of truth connecting all supply partners are key.
This brief examines how forward-thinking companies have created visibility across the supply chain, streamlining communications and fostering strategic collaboration by using connected technologies and cloud-based resources. These innovations in supply chains are even more relevant given the disruption caused by COVID-19.
We hope you will find it provides a framework for thinking through the current challenges we are facing and it offers practical guidance for overcoming them.