August 4th, 2020 - Nonstop Reliability webinar. Visit nonstopreliability.com to join our next webinar.
Supply Chain: Risk Mitigation Strategies For Inventory Shortages
The COVID-19 pandemic has been a perfect storm to highlight the gap in most supply chain strategies. We had looked at quality versus cost, we made sure we had a secondary supplier, we optimized inventory on hand based upon lead times and demand to keep cash flow up, and then we got hit. We had not considered the impact of whole countries shutting down, or inter-continental shipping grinding to a halt. Here we will take a look at how to address the gaps that COVID-19 has exposed and others we have not yet even considered.
1. Supply Chain: Risk Mitigation Strategy for
Inventory Shortages
August 4, 2020
2. Matthew Boehne
CRL, Moderator
Picture of Person
Matt’s focus on the future of reliability is driven by
25+ years of experience in architecting and
implementing EAM/CMMS solutions for global
customers across the life sciences, manufacturing,
energy & utilities, oil & gas, facilities, and
government industries. As CEO of Banetti, his focus
is on enhancing the performance of the
organizations he works with, and thereby improving
the lives of those within these organizations. He
speaks frequently on their mission to bring
reliability, maintenance and operations together
through the improvement and integration of
processes and the CMMS platform.
CRL, Maximo Deployment Professional
3. Dave Reiber
CRL, Ret. General Motors
Picture of Person
Dave, the former Global Business Lead for Enterprise
Asset Management & Condition Based Technologies at
General Motors, has 30+ years as a leader in Enterprise
Asset Management and Asset Condition Monitoring.
Dave is a seasoned international trainer with deep
experience in handling diverse cultures and languages.
He has received a Chairman’s Honor Award for Leading
a GM Team in developing Global Maintenance Business
Processes and a CIO award for successful Enterprise
Asset Management deployment in Liuzhou, China.
CRL, CMRP
Certified – Infrared / Ultrasound
Certified Maximo Deployment Professional
4. Carlos Suarez
CRL, Fmr. Johnson & Johnson
Picture of Person
Carlos spent 25 years in the regulated Life
Sciences industry gaining vast experience in
asset management, planning and scheduling,
asset lifecycle management, risk management,
RCA and technology project ownership & system
administration (CMMS, MES, OEE). At J&J, he led
all reliability projects that were centered around
the ME2 (Manufacturing Equipment Excellence)
program for his site, resulting in those programs
flawlessly surpassing all ROI calculations.
Now at Banetti, he shares his experience with
their portfolio of clients while helping them
achieve their Reliability and Maintenance goals.
CRL, J&J ME2 Certified
6. NonStop Reliability
NonStop Reliability focuses 100% of its resources on improving reliability programs across the world.
It is a community of practitioners, advisors and suppliers who come together to improve reliability through
sharing and understanding.
Here we focus on harnessing, dissecting and sharing those practices which make reliability possible. We do
that by engaging with cross-industry experts who have walked the walk and achieved success in their
careers.
We know the path will be arduous. We know you will be challenged. We also know that it has been done,
and that you can and will succeed with this community behind you.
7. Audience Poll
Q: How are you creating redundancy in your supply chain since
the pandemic? (Check all that apply)
A) Increasing inventory to create an emergency safety net
B) Relocating supply chains back to the US
C) Increasing communication and forecasting with partners
D) Diversifying suppliers of materials
E) Creating a supply chain management system
8. Part 1
What We are Facing Supply Chain Disruption
Unknown Return to Normal
Systemic Impact
Limited StartUp Capacity
Delivery Demands
Shortfalls
Consumer Confidence
hhh
Source: Techtelco
9. The Scope of the Challenge
Risk Mitigation
Objective Alignment
Cross-Functional Team
Holistic Processes
Critical Criteria
Leverage Human Know-How
Objective Driven Digitization
Source: UPS CampusShip
10. Audience Poll
Q: Since the pandemic, what are the biggest challenges facing
your supply chain? (Check all that apply)
A) Regulatory activities
A) Shortages from China, India or other international locations
B) Manufacturing delays (Critical component shortages)
C) Transportation capacities
D) Inadequate planning for short/long term disruption
11. Part 2
How We Shift Multi-Path
Multi-Target
Human Driven
Differing Objectives
Differing Expectations
Insufficient “Cushion”ggg
Source: Profit from IOT
12. The Scope of the Challenge
Supply Chain State
Single Source Supplier
Single Point of Failure
Lack of Detailed Insight
Overly Automated
Rationing
Layoffs
Miscommunication across departments
Majeure declaration in supplier contracts
Planning for Resilience
Objective Alignment
Single Source Elimination
Bottleneck Mitigation
Alternative outbound logistics options
Secure capacity
Production scheduling agility
Conduct global scenario planning
Supply network analysis & mapping
13. Audience Poll
Q: Is your organization implementing new technology due to
COVID-19 and the challenges you have faced?
A) Currently implemented
B) Pilot stages
C) Budgeted 1 year
D) Planned 3 years
E) No plans
14. Part 3
Leveraging Technology Human Augmentation
Process Driven
FMEA
Data Analytics
Artificial Intelligence
3D Printingggg
Source: Quora
15. The Scope of the Challenge
Top Concerns - SC Improvement
36% cite technical skill gap
27% cite data sensitivity
23% say lack of interoperability
22% cite security threats
18% cite handling data growth
Top Solutions
Training - Digital tools and skills
Identify data sharing needs during project planning
Vendor cooperation
Create smart project teams
Combine OT and IT professional
Assess vulnerabilities
Identify the data that yields insights
16. NonStopReliability.com
KEY TAKEAWAYS
Tech Augments Humans
Assess & Mitigate Risk
Single Point of Failure Mitigation
Critical Internal Alignment
Vendor Data Sharing
Matthew Boehne
matt.boehne@banetti.com
Carlos Suarez
carlos.suarez@banetti.com
Dave Reiber
davedreiber@gmail.com