Revolutionizing Safety & Security Solutions for Manufacturing
In today's global economy, many manufacturers rely on a Just-in-time (JIT) production strategy to reduce inventory and its associated carrying costs and improve the organization's overall return on investment, quality and efficiency. However, earthquakes, tsunamis, fires, floods and other disasters have the power to greatly disrupt a JIT strategy. The 2011 Japan earthquake is a case in point, causing the largest disruption to the global supply chain in modern history. The severe damage wrought from the 9.0 magnitude earthquake that then coalesced with the tsunami, nuclear power plant meltdowns and power failures took its toll on one of the world's vital supply chains. It reinforced the necessity that JIT manufacturers must make Supply Chain Risk Management a priority.
At the core of Supply Chain Risk Management lies risk visibility, a key differentiator for resilient supply chains. The ability to proactively mitigate supply chain risk brought by natural disasters, severe weather, protests, terrorism, border closures, structure fires and power outages starts with having early situational awareness of potential disruptions. Receiving early warning of an impending problem can provide valuable time in getting a head start on making plans to prevent any single supplier from becoming a bottleneck to manufacturer operations.
NC4 solutions provide organizations with timely, comprehensive global threat and incident information and the ability to visualize these risks alongside their supply chain to better understand their organization's inventory risk exposure.
- Improves overall understanding of risk drivers and geographical concentration of risk
- Speeds the ability to mitigate inventory and supply chain disruptions
- Provides quick access to supplier/vendor key-contact information, in geographic context
- Historical reporting to aid product design teams in designing resiliency into supply chain and improving demand forecasts
Contact us to learn more about how NC4 gives organizations situational awareness through a comprehensive, common operating picture of their supply chain, and the tools to connect, communicate and collaborate in near real-time to minimize disruption to an organization’s supply chain and inventories.