Supply chain data collection is becoming an increasingly important capability for retailers, consumer brands and large manufacturers. It is critical to be able to provide the product and supply chain transparency that the market demands at the pace required.
However, the complexity, volume and volatility of the modern supply chain means it has never been more difficult.
Businesses that fail to adapt to the environmental forces shaping modern retail by transforming their commercial, supply chain and operational ways of working will not see out the decade.
Coronavirus, climate change and de-globalisation are causing unparalleled disruption and accelerating the evolution of Customer needs, creating new risks and opportunities for all businesses along the supply chain.
The rapid pace of change along the retail value chain means that core business systems struggle to keep up:
- Once optional information is now must-have for consumers, leaving significant data gaps
- It can take months or even years to add new fields or sections for new requirements
But even when the right fields are present and marked as mandatory:- Complex and cumbersome supplier experiences means that any attempt to populate the system consume significant resource to chase suppliers and deliver slow and disappointing results
When applied to the right situations and done well, supplier surveys provide an agile way for businesses to ensure product and supply chain transparency.
Using the right tools and approach to collect data from your supply chain will make sure you can spend your time acting upon insights rather than chasing suppliers or cleansing dozens of spreadsheet files by hand.
For those wishing to focus more time on their core role activities, seeking expert help with supply chain data collection could be the most cost effective way of collecting the data your business needs within your challenging time and resource constraints.
"S4RB are a genuine specialist in their field – they fill in gaps that no-one else has been doing. S4RB have that understanding in a way I haven’t seen elsewhere."