While we hope to not face this type of catastrophic disruption again for many years to come, there are lessons to learn from the COVID-19 crisis. Specifically, when faced with an unprecedented disruption, it becomes clear that there is a difference between having a continuity plan and being able to execute on that plan quickly, based on accurate and up-to-date information.
For manufacturers, many of the disruptions they’ve encountered have been directly caused or exacerbated by the lack of visibility into the supply chain.
Real-Time Information & Transparency Increases Agility
LiveSource Supplier Management Portal Drives Action
Chris Dawson, Senior Manager of Purchasing Analytics, shared, “Without LiveSource, I don’t know how we’d be managing something like this. It would be very manual, with lots of emails and phone calls, pulling all the data together… It would take a team of people to manage risk. For all the data and large number of suppliers, our core team can manage the process, even with COVID-19.”
Know What’s Coming, Even While The Situation is Evolving
How a Global Crisis Exposed Supply Chain Vulnerabilities