Kinaxis is a Business Reporter client.
Business Reporter: Kinaxis
In life, we are often told that long-term goals are best achieved in increments. Do you want to run a marathon? Start with 10-minute sprints and slowly increase time and distance. Build a new house? Don't rush construction and instead follow a sequential plan.
The same was true in traditional supply chain management, with companies focused on optimizing each individual function in the belief that it would optimize the entire supply chain. However, in today's volatile business environment, this slow, sequential approach is not up to the task at hand.
Today's supply chains are hard-pressed to deliver optimal, bottom-line financial results and be guardians of regulatory and environmental compliance. All while keeping up with rapid technological advances, increasing consumer expectations and disruptions of all shapes and sizes.
In this context, leading companies are increasingly turning to concurrent techniques to orchestrate the end-to-end supply chain, driving unprecedented agility, transparency, intelligence and trust.
Everything, everywhere, everything at once
Concurrent supply chain management is the process of developing and managing unified plans across multiple time horizons, business processes, and organizational boundaries at the same time. Synchronize data, processes and people to reduce decision-making time, break organizational boundaries and dynamically balance the end-to-end supply chain. If one person makes a change, everyone else instantly understands the impact on themselves, their team, and the organization.
The result is a responsive and resilient supply chain designed to drive efficiency, withstand disruption and create competitive advantage.
Triple Bottom Line Optimization
In traditional waterfall supply chain management processes, siled thinking and latent data add up to excessive capital costs, high emissions, and a frustrated workforce.
By synchronizing and optimizing the end-to-end supply chain, concurrent techniques unlock efficiencies and eliminate wasted time, effort, money and CO2.
With the ability to pivot quickly as changes occur, businesses no longer need to hold large amounts of inventory to protect against any eventuality. Optimized transportation and order fulfillment routes maximize resource utilization and reduce empty miles. And, with improved visibility, collaboration, and increased intelligence, your teams can make better, faster decisions instead of continually fighting.
It's beneficial for your company, the planet and your people.
Technology that transforms
The path to simultaneity begins with a shift in mindset: a more holistic approach to supply chain management that breaks down the silos and limitations of old technology. But achieving a truly concurrent supply chain also requires advanced technology to synchronize your people, your processes, and your data on a single platform. Trusted by leading brands across multiple industries, Kinaxis gives people the confidence to know they are making the best supply chain decisions to maximize business performance. Using our unique concurrent technique and unique integrated platform, clients can achieve higher revenue, lower costs and less risk.
Navigating the new normal
Yesterday's planning tools and techniques are no match for today's complex global supply chains and the volatility they face every day.
The nature of running a business on a global scale is undergoing fundamental change and it is up to the world's supply chains to keep up. With concurrent supply chain management techniques, they can do it.
Ready to drive the results that create true resilience in an uncertain world? Discover how concurrency can give you the speed and accuracy to optimize your end-to-end supply chain.
