Optimizing Supply Chains and Risk Management Through Effective Collaboration

<p><span style="font-weight: 400;">Collaboration is quickly becoming more important than ever in today’s unpredictable supply chain.  In today’s episode, Craig Brown and Thom Singer welcome</span> <span style="font-weight: 400;">Product Development IT Director at DRiV Incorporated and</span> <span style= "font-weight: 400;">Digital Enterprise Society board member Adam Specht and Jim Schwarz, founder and director at Intersphere Industries.  Together they discuss the importance of collaboration and supply chain, and the integration of suppliers to minimize risk and optimize return despite constant industry disruptions. </span></p> <p> </p> <p><span style="font-weight: 400;">On today’s podcast, you will learn about:</span></p> <p><strong>Handling industry disruption</strong></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Change inevitably comes with an industry maturity curve combined with technical breakthroughs.</span></li> </ul> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Global supply chain is an integrated network that easily adapts to more stable markets. </span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Relationships and security are key to successful industrial manufacturing. </span></li> </ul> <p> </p> <p><strong>The role of PLM in supply chain</strong></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">The true cost of supplies include tariffs and other legal considerations.</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">PLM creates greater flexibility to pivot when disruptions come. </span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Supply chains need to identify alternative options when suppliers become unavailable. </span></li> </ul> <p> </p> <p><strong>Understanding collaboration and risk management</strong></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Effective collaboration requires identifying relationships with other companies.