More global risk events are here to stay
The COVID-19 pandemic is the latest in a series of global risk events which have exposed serious vulnerabilities in the global supply chain and operations. It has acted as a catalyst for executives to rethink how supply chains are led, organized and operated.
Maine Pointe’s regular global risk events updates bring together the latest news and insights along with practical advice on how CXOs can overcome short-term supply challenges and building the foundations for a resilient, digitally enabled, agile supply chain and operations of the future.
A Three-Step Roadmap: Stabilize-Recover-Rebalance
Businesses have passed the stabilize phase and are well into the recovery phase. It’s now critical that companies turn their attention towards the broader challenge of rebalancing their supply chain and operations. This is key to achieve your 2021 targets by ensuring you have a resilient and agile digitally enabled supply chain - optimized for risk, cost, cash and growth performance.
Rebalance your supply chain & operations and reduce risk through Total Value Optimization (TVO)™
Built on a roadmap of three key stages; stabilize-recover-rebalance, Total Value Optimization (TVO)™ is achieved when an organization is dynamically able to anticipate and meet demand through the synchronization of its plan-buy-make-move-fulfill supply chain to deliver the greatest value to customers and stakeholders at the lowest cost and risk to business.
We are ahead of our competition in the wake of the tariffs because of the savings we obtained from the project. We continue to cycle the PMOS process and strengthen our position by eliminating waste everywhere we see it. This engineering / procurement team are building skills as subject matter experts and supply chain managers, becoming an asset that will be hard to duplicate. We look at it as the moat surrounding the castle protecting us against competition."
David Paslay, VP Operational Services and Engineering, Nevco Inc. (www.nevco.com)
Our supplier base now understands that Astec brings a much larger spend to the market than was previously visible, and our organization understands the risks and opportunities within our supply chain. I would recommend Maine Pointe to any organization looking to transform its procurement, sales and operations planning and data analytics capabilities into competitive advantages."
Rick Dorris, Interim CEO and COO, Astec Industries
This initiative has increased our understanding of the competitive dynamics within our supply chain, as well as major risks and opportunities, and we are going to leverage this knowledge to create a competitive advantage."
Hanno Holm, Chief Operating Officer, The Simply Good Foods Company