We’ve discussed in great deal on this blog the elements that comprise effective supply chain management and how automotive manufacturers can leverage technology and strategy for lean management of their supply stream across the entire value chain. But what hasn’t discussed in much detail is how manufacturers starting from square one can best structure their supply networks and the decisions and considerations involved in such an enterprise.
The modern automotive supply stream is a variant-rich network of players with inherent risks and volatilities. However, the right supply chain architecture can provide a significant for value proposition for companies in cutting through the complexities of global supply and manufacturing and reducing the risk involved with doing business on such a grand stage. While technological advancements such as Industry 4.0, The Internet of Things, postmodern ERP, and advanced analytics can streamline supply chain management, the right structure for a company’s goal, outcomes, and objectives is a crucial first step in engineering supply efficiency and productivity.