Improvements in software technology have been important in enabling organizations to operate intelligently and respond quickly to changes in the business climate. Advances in interchangeable and easily extensible software modules have allowed companies to keep enterprise logistics systems current with the needs of their business. Agile and flexible software design can go a long way in providing the ability to anticipate changes in market conditions and regulatory compliance requirements.
Very nice tips on the measures to take to bring back your facilities, supply chain and technology to meet the incresed demand. I would like to add one more tip to this list, i.e. Bring back your old hands , those whom you laid off during the recession. Those are the hands that know the best about your product, your manufacturing process, your supply chain and your managment style. Welcome them back with a smile and see how raidly they are able to bring back your company to the full steam ahead!
I think all of these are good tips that businesses should consider as they are coming out of the recession and looking to expand. Amongst these points, I would give highest ratings to 'technology tune-up'. In order to increase competitiveness, technological innovation plays the greatest role. While reorganizing the supply chain, companies should seek to analyze the supply chain and identify which areas/processes can be optimized through the use of technology.
Thanks for the tips, Alan, I think this is good advice. Also nice to read an optimistic article such as this for a change!
My main takeaway from this article was your tips regarding facilities: this is something I'm going to have to give more thought to. Many of us did indeed downsize and once business starts swinging in the other direction, we're certainly going to need to reassess how we use our space. Now that's not to say that we'll need to get MORE space as hopefully we've figured out ways to make better use of existing assets, but that's just one of the many factors we'll need to think about.
I hadn't really given much thought to third-party facilities. You mention the advantages, but of course there are some disadvantages as well... security would be my main concern at the moment. But, again, this is a topic I really need to devote more thought to.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.