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Driving Supply Chain agility and improving risk management while reducing costs during times of economic volatility within Turkey

Today's supply chains continue to grow increasingly complex as technology and globalisation presume their onwards march. However despite all of these challenges, until recently the perceived wisdom was that a lean supply chain was the most effective form of supply, irrespective of the specifics of a particular supply chain. While policies enabled by globalisation may save labour costs, it can leave the business exposed to other risks to which they lack the flexibility to respond.

Political, economic and security risks as well as natural disasters continue to increase and Turkey is no exception to these issues. Customer expectations of speed and flexibility are increasing and pricing pressures and currency fluctuations are now just part of “business as usual”. Supply Chain executives are now expected to build agile response supply chains with effective risk management. This requires much improved use of data and more refined business processes. The use of new technologies such as IoT, Industry 4.0 and Blockchain can help to drive agility and responsiveness within supply chains.

The “Agile Supply Chain” can become a strategic advantage, enabling improved customer retention in addition to providing defensive capabilities and being able to reducing costs. Becoming more agile requires a focus on customer needs but will also need important decisions to be made on IT and online tools, costs, reporting structures and people development. It can be that both lean and agile are appropriate in the right situations. You need a supply chain that has a bi-modal strategy, designed to handle both stable demand and able to adapt to short term changes.

At 'ISC' Turkey 2017, now in its fourth year, we will be discussing all of these issues. In addition, delegates will learn how to:

  • Create a Bi-Modal Supply Chain Strategy
  • Manage data strategy across the supply chain to drive agility
  • Drive cost reduction through an agile Supply chain
  • Develop a responsive risk management strategy
  • Use digitalisation to help (or hinder) your supply chains agility journey
  • Utilise new technologies such as IoT, Industry 4.0 & Blockchain to drive agility

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