5. Supply chain management
Supply chain is one of the areas most affected by COVID-19. It will be critical to stabilize the supply chain for business continuity and to support global communities.
Genpact can help through rapid modeling of supply chain risk and simulations of various inventory scenarios – adjusting for higher than normal demand. From these simulations, we can prioritize risk scenarios and identify at-risk suppliers or critical materials to enable the continuity of supply. For a medical device company, we're running disruption simulation models to make immediate inventory and critical supply chain decisions to prepare for the weeks and months ahead.
We can also augment your workforce so that employees can prioritize their time effectively. We'll set up a crisis management team to continuously monitor your supply chain, conduct ongoing risk analysis, and collaborate with your teams to act on supply issues. Plus, crisis management analysts can deliver the necessary changes in demand forecasts and inventory allocation decisions.
To increase your overall resilience, we can also assist with long-term supply chain transformation initiatives. This could include detailed risk modeling, recovery planning, and supply chain network redesign, as well as visibility and governance strategies.
As the world grapples with COVID-19, we can help you with both short-term recovery and longer-term contingency planning. These are not new ideas, but tried and tested approaches that have worked for companies across industries. Working together, we can weather this storm and come out stronger than ever.
Learn more about Genpact can help and visit our digital transformation page.
For more advice that's tailored to your business, and to get your resilience questions answered, visit genpact.com/contact-us.