Visibility and Fact-based Decision Making
Visibility into the right information is half the battle. Transforming the sea of data into a usable format facilitates decision-making based on facts and economics, rather than focusing on just solving the crisis of the moment. An easy to use interface with advanced exception reporting directs users to the highest priority problem and helps them hone in on the specific information required to make decisions.
Expect the Unexpected …. and Plan for It!
The ability to perform rigorous business simulation via what-if analysis is a ‘must-have’ for chemical manufacturers. Without this capability, companies are blind to both profitable opportunities and potential risks. Best practices dictate developing a ‘playbook’ to respond to unplanned events, both upside opportunity scenarios and downside risk mitigation scenarios.
Adaptability and Alignment
In addition to changes in supply and demand, companies face changes in markets that can alter their supply chain strategy. If chemical manufacturers don’t adapt their supply chains, they won’t stay competitive for very long. In terms of technology, this means keeping the systems that support supply chain functions aligned with your business. |