THE PROBLEM
Not only since the Corona crisis, there is a great risk of vulnerability to today´s supply chains. Today's software tools to provide enhanced supply chain transparency are limited and the traditional approaches to achieve long-chain transparency take too long and / or are not integrated into ERP systems
There is no transparency along the supply chain today, little willingness to share Tier X data and risks are not possible to be identified.
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Companies must be able to identify risks and possible violations of CSR laws throughout the Tier X supply chain to be able to prioritize risk mitigation actions
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Continuous business interruptions in the unknown supply chain lead to loss of sales and credibility.
Tier X supppliers are not collaborating or are not able to collaborate in the chain and the lack of transparency leads to increased stocks and too high working capital throughout the chain.
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Today´s supply chains are getting more more complex and final customer would like to get visibility into their set of subsuppliers. A Tier X supply chain of a simple ballpoint pen may illustrate the problem:
This chain shows the complexity of only the part of the chain for the procurement and production of the Inc cartridge of the ballpoint pen over 4 Tier suppliers:
DO YOU KNOW ANY PART OF THIS CHAIN OR ANY OF THE SUPPLIERS?
If not, do not hesitate to contact us
* BOM = Bill of material, ** Tier 0 is the final user, Tier ∞ is the supplier of the very first raw material, e.g. crude oil, meaning a lower Tier is a customer from a higher Tier, *** Patent pending