How are Manufacturers Using Production Data to Respond to Emergency Demands?
During these unprecedented times, manufacturers are being forced to adapt quickly to supply chain demand changes brought on by COVID-19. While some manufacturers are facing a drastic decrease in production, others are ramping up efforts to meet increasing demand. And while you can’t forecast a pandemic, you CAN turn to business intelligence and integrated supply chain management to respond efficiently and effectively.
Industries that produce food, toilet paper, cleaning supplies, and other essentials are seeing a dramatic upswing in the quantities of items they need to manufacture to meet demand. If your supply chain is managed through an integrated solution across your operation then communication becomes instant and managers are able to truly understand not only the current level of inventory but the supply requirement from distributors and customers. When data is available in real-time, you have the ability to use Power BI to visualize inventory levels for each product, backorders, overstocks, and much more.
Understanding inventory levels is important, but so are insights into where inventory is located and how it is distributed. With Dynamics 365 for manufacturing, you can compile that information and understand where inventory needs to be directed. Additionally, understanding shipping routes and planning for alternate routes if there are road closures becomes an important strategy to ensure your inventory can be distributed efficiently.
On the converse side, many manufacturers are facing the inability to sell products during the pandemic and need to determine where and how to slow production to produce minimal quantities. Data insights into inventory and production are key in this scenario as well, but what is most important may be those insights into when production should be ramped back up. Being able to visualize pipeline, demand, and inventory gives leaders the information they need to make these key decisions.
The final consideration for all manufacturers is changes to supply chain procurement. As other states and countries adjust regulations, production hours, and quarantine mandates, procurement can and will be affected. Manufacturers can rely on data within Dynamics 365 to learn what is being produced, production and shipping times, and any changes to be aware of.
Being able to scale as quickly as possible revolves around information. And with Dynamics 365, data is at the heart of the solution. Reach out to Stoneridge Software to learn more.