Yatish Vatsaraj, Head - Supply Chain, Epigamia stated that network optimization has always been a crucial trend in the supply chain industry as it enabled an efficient design and execution of a supply chain network. This involved designing a supply network where the procurement, manufacturing, warehousing, logistics, and distribution functions were all designed to reduce the overall cost and optimize the use of resources and improve speed to market – Distributed Manufacturing, Hub & Spoke Warehousing, and Shared/ Reverse Logistics. Carrying out network optimization at regular intervals based on the revised plans and needs of the organization was an absolute must.
“We have been using shared/reverse logistics for optimization for quite some time. We recently started distributed manufacturing to decrease costs and be closer to the market,” he noted.
He further said that technology would help in driving visibility and agility of the entire SC processes, enabling better management of complex supplier networks, providing real-time data for analysis and action, helping with timely and apt decision-making, and acting as an early warning system for disruptions.
“We moved to a demand forecasting tool that helps us in analyzing past and future trends. The inventory management tool ensures that optimal inventory levels are maintained across the system; this in turn also makes sure that we have fresher inventory across depots,” he concluded.