Mitigating supply chain risks
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Transcript of Mitigating supply chain risks
Mitigating Supply Chain RisksThe Role of Product Lifecycle Management
Scott ReedyDirector, Product Marketing
Global Market Challenges
• Competition
• Innovation
• Outsourcing
• IP Protection
• Compliance
• Capital Investments
Disconnected Silos and Systems
Facility DamageDisasters
Extreme Weather
Logistics Failures
Customer Demand Changes
Lost IP / Counterfeits
Non-conformance
Supplier disconnected from Quality
initiatives
Regulatory & Environmental
Compliance
Lack of visibility leads
to wrong builds
Increased scrap / rework Shipping delays
Missed cost targets /
margin erosion
Part Shortages
ProductionLine Down
Can’t find alternate parts
Supply Chain Risks
ü Aggregate entire product record into a single system
ü Provide supplier access / collaboration
ü Ensure proactive quality management
ü Conduct demand analysis
ü Manage component compliance and availability
Foundation for Success
Key Benefits ü Product accuracy
ü Visibilityü Compliance
ü Fewer NPI delaysü Supplier leverageü Fewer Quality Issues
Product Development Risk Mitigation
PLM is the foundation to mitigate risk§ Increases visibility, quality, compliance and cost management§ Prevents scrap/rework and E&O§ Reduces delays § Accelerates NPI and Time-to-Market
Global manufacturing companies should consider…§ Starting early§ Creating programs & framework§ Being proactive and considering recovery measures§ Making risk management part of your “DNA” (always design
for risk)
Conclusions
www.arenasolutions.com866.937.1438