RamBase launches study of evolving business practices during pandemic
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20 January 2021
In a recent survey of senior managers / owners in over 40 Subsea manufacturers and distributors, RamBase UK asked businesses to rank the key business challenges impacting their ability to operate effectively within Subsea industry supply chains, during the quickly evolving and sometimes chaotic backdrop of 2020.
In addition to managing the usual trials and tribulations of complex supply chains, such as product traceability and industry regulation, the need to implement new Covid-secure processes and handle frequent supply chain disruptions, has brought a new dimension to the industry’s challenges.
These key issues were considered in the survey by Manufacturers and Distributors operating within the Subsea industry supply chain:
· Enabling efficient business operations with a distributed team
· Accessing real time reliable data to make rapid, better informed decisions
· Managing supply chain disruptions
· Ensuring safe working environment for on-premise operations
· Business agility and enabling rapid change
Over the next few weeks, RamBase UK will take an in-depth look at each of these challenges and consider their impacts on the industry to understand how savvy businesses are adapting and turning to cloud-based technology solutions to enable business continuity.
Through real life examples and case studies, RamBase will review businesses who are dealing with the practicalities of remote working on their teams and using real-time data to support better decision making. They will explore the effect of inaccurate forecasting, including examples from suppliers within the Oil & Gas supply chain that are better equipped to manage new product instructions and effective pricing strategies within a disrupted supply chain.
The articles will reflect on how some businesses have implemented integrated shop floor technology to reduce the need for the movement of people and face to face interactions, using devices on the shop floor – a valuable tactic in maintaining a more secure working environment for shop floor workers.
And finally, RamBase UK will come full circle to consider how the right technology platform can support evolving industry business models as all parts of the supply chain work out how to move from a product supply model, to a services and equipment rental model - ie from CAPEX to OPEX; in short, how the right technology platform not only delivers a sustainable platform for business continuity but is also an enabler for change and business growth.
