Cloud integration technologies enable manufacturers to navigate global disruptions
By Mark Morley, Director, Strategic Product Marketing at OpenText Manufacturers operate complex production processes which are highly dependent on the timely supply of parts from external suppliers. While the manufacturing sector regularly manages disruption from events such as natural disasters (you only need to go back to earlier this year when bushfires ravaged large parts of Australia), the global spread of Covid-19 has severely impacted material flows and the smooth functioning of production facilities across the globe. It is fair to say that global supply chains are experiencing levels of disruption not seen before. According to a recent report from the Institute for Supply Management, 75 per cent of companies are reporting supply chain disruption. To combat this, manufacturers must look for ways to minimise the impact on operations and improve supply chain resilience. Flexibility Organisations that are best positioned to weather these unforeseen circumstances are those who have embraced the cloud. Cloud-based deployments have become essential to managing costs, resources and risk without sacrificing competitive advantage, product innovation or customer satisfaction. When a manufacturer shifts its data from on-premise to the cloud, it also ensures that all business information can continue to be stored securely and accessed globally. CollaborationThe key to maintaining business continuity also lies within the collaborative relationships between trading partners. Cloud-based platforms can facilitate effective communication between trading partners which is particularly beneficial when a global disruption such as the one we are seeing now occurs. Partners can continue to monitor and supervise the execution of dual sourcing strategies and quickly establish the post-disruption condition of a supply chain, providing a significant competitive advantage. In addition, centralised management of all trading partner contact information provides an opportunity to conduct post-disruption assessment of a manufacturer’s supply chain, which leads to better risk assessment and preventive steps for […]