Informs 2022 - Vancouver, Canada

The talk was given at the Canadian INFORMS Annual Conference in June 2022 in Vancouver, Canada.

The talk covered advancements in practices on Advanced Analytics for the Supply Chain Risk Management Area

Transcript

1. Supply Chain Data and Analytics At-Scale for Risk Management in Covid Era Prabha Thanikasalam Informs Conference, June 5th 2022
2. Intro, Connections to Informs Prabha Thanikasalam Sr. Director, Advanced Analytics and Supply Chain Solutions, Flex https://www.linkedin.com/in/prabhakart • Student Informs Chapter at Virginia Tech • MS in Operations Research/Industrial Engineering • 18+ years of experience in the Supply Chain field • 15+ years @ Flex. Prior experiences in the Auto Industry, Fast Food Supply Chains • Roles • Optimization solutions development using AMPL, GAMS – Prior to Flex • SC Network Design @ Flex • Data Science/Analytics with R/Python starting in 2015 • Leading the Data and Analytics function for SC org for 4+ years
3. Presentation Agenda • The Problem – Supply Chain Risk • Scope/Scale of Flex • SC Risk Framework • Tools/Solutions • Data & Analytics Strategies
4. Organizations Lose on Average $182 million Annually due to Global Supply Chain Disruptions Global Supply Chain Disruption Impacts • Source: https://supplychaindigital.com/supply-chain-risk-management/gep-brand-reputations-damaged-over-supply-chain-disruption • Source: https://www.consultancy.uk/news/25685/how-supply-chain-is-responding-to-the-covid-19-pandemic • Source: https://impact.economist.com/perspectives/sites/default/files/the_business_costs_of_supply_chain_disruption_gep_1.pdf • Source: https://www.interos.ai/resources/global-supply-chain-report/
5. Flex: Who we are Advanced Mfg Solutions System Integration Procurement & Supply Chain Management Forward & Reverse Logistics Product Design Automotive Health Solutions Industrial CEC Consumer Devices Lifestyle
6. 6 Flex operates one of the world’s largest and most diversified supply chains Customers Component SKUs Suppliers Countries of operation POs executed daily Annual freight spend Annual direct material spend Automotive Healthcare Cloud Energy Lifestyle Consumer Devices $20B $500M 1,000 1M 16,000 25,000 Supply Chain Professionals 10,000 Industrial Operating at scale across multiple industries 30 Communication
7. SC Risk Framework - Categorizing Risks, Prioritizing Actions Low High High Probability, Predictability Impact Geopolitical Natural Disasters Regulations Environmental Compliance Raw Commodity trends Supplier Performance Macro- economic, Currency trends Industry trend (Leadtime, Stock, price) Supplier Risk HIGH Priority - Focus on Mitigation activities - Have contingency plans to move fast on occurrence HIGH Priority - Actionable - Preventable Medium Priority - Keep in Focus - Actionable, Preventable Low Priority - Do Nothing/Accept this low impact
8. 8 SC Risk Elements with ongoing Data and Analytics work Disruptive events Multi-Level Risk Assessments Supplier Risk Market Sensing, Intelligence
9. 9 Tools & Solutions Data Partnerships Open Source Toolsets • Real-Time Events • SC Ecosystem Data Sharing • Financials • Adverse Media • Sustainability Scores
10. Real Time Mobile Collaborative Single Source of the Truth Anytime Anywhere Distributed Decisions Pulse Center Desktop Mobile Platform Foundations Access to all Sites Worldwide
11. 11 Center – San Jose, CA
12. What goals do we have Speed Asset Velocity How Benefits Target the Biggest Problem Remove Friction Methodology To Customer To Flex Increase cash flow Reducing - Time to Market - Exposure Adding - Flexibility - Cust. Satisfaction You can’t fix what you can’t see, and friction is the enemy of speed! Improvements
13. 13 Data & Analytics Strategies • The 4 ‘Sets’ • Organizational Elements • Focus on Decision Framework/Metrics • Data Strategy • Speed to Solution • Right-size the Problem
14. 14 Data Analytics Strategy – Solve for the 4 sets Toolset Skillset Dataset Mindset
15. 15 Organizational Elements of a Data/Analytics Strategy Governance Empowerment Partnership
16. 16 Governance Empowerment Partnership • Analytics and business team are Equal partners • Avoid the supplier-customer setup • Create Common Goals • Goals should be business outcomes • Not dashboard development & release date • Leaders set the example • Ownership is at all levels • Part of Business Process • Make dashboards integral to daily activities • Use dashboards to run project and staff meetings • Replace Excel, Replace PowerPoint Empower Decision-Making at all levels • Create Decision frameworks • Grow Decision Maturity • Making decisions is NOT NEW • Making decisions at scale is NEW (more decisions) • Making decisions with new/additional insights is NEW
17. 17 Data/Analytics Strategy – cont’d Speed to Solution Right-Size the Solution Data Strategy – Have one!
18. 18 Dashboard/Analytics Overload – Avoid this!  https://marketoonist.com/2019/11/kpi-overload.html
19. Open Discussion 19