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Supply chain management readiness index
Lack of predictive view is leaving organizations vulnerable to disruption
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Of time spent manually entering, tracking, or managing data
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A survey of 250 supply chain, inventory, and planning executives by Wakefield Research on behalf of LeanDNA reveals supply chain workers spend an average of 35% of their time manually entering, tracking, or managing data. This represents almost two full work days each week.
These are outdated and unnecessary manual tasks that take away from proactive supply chain management—raising concerns that they’ll be unable to keep up in the turbulent 2024 ahead.
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76% don’t have a predictive view of supply and demand
Tech is being overhauled for improved visibility and the pursuit of predictive precision
Past disruptions have led organizations to change their approach, if not completely overhaul their tech stack. These investments have led to welcome improvements, including greater visibility. However, even with this increased capability, 3 out of 4 execs still lack a predictive view of supply and demand.
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Leaders embrace resilience amidst unpredictable disruptions
In a new era of supply chain management, 9 in 10 executives are focusing on resiliency for the next inevitable disruption. But achieving this means balancing the push pull of preparedness and avoiding excess inventory.
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- 87%
- Resilience is
the top priority
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making gut decisions
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Manual data handling continues to hinder resilience
Inadequate tech solutions leave supply chain workers spending 35% of their time manually handling data. Despite technological advancements, 73% rely on basic software like Excel. A tactical shift is essential, with 82% agreeing on the need for actionable insights. Without a predictive view, 92% resort to gut decisions.
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