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What happens when credit markets squeeze companies? How does it impact the supply chain?

Big Time.

When credit was cheap, inventory didn’t cost just as much. Now, inventory costs have increased due to the added cost of borrowing. In financial terms, it just got a whole lot tougher to manage working capital. Executives are looking for a quick, cheap fix.

They are not wrong. Most companies have the supply chain software and infrastructure they need. The problem is that their planners need to be trained or re-trained. Companies need to understand how to tune their supply chain tools to current realities.

In short, the world has changed; your planning department has to do more than incrementally adjust. They need to the tools and the confidence to adjust their supply chain planning tools to get the most out of their enterprises. Today.

Remember, that fabulous ROI that everyone got a promotion around three or four years ago after your supply chain system came online? That may be a short-term aberration; serious changes need to be made and the answer isn’t more consultants.

You can get in front of this power-curve by enabling your planning resources to own and understand the impact of their planning processes on the enterprises top and bottom line. One of the methods we suggest to our clients while we tailor a training program to their needs is to focus on both basic and advanced planner-focused online elearning.

To ensure that companies have achieved their goals, we work with managers around certification and guided exercises. Because the training belongs to your company when we leave, planners aren’t just relegated to using it as a 1-time “Planner 101” course; they can use their tailored, indexed lessons as refresher training and backup as long as they need to.

This is just one of the ways that we’re working to make sure that companies get the most out of their supply chains in the near term, with limited capital outlays.

Filed under: Financial Performance, Working Capital, eLearning, training