Bio-Rad is a global leader in developing, manufacturing, and marketing innovative products for the life science research and clinical diagnostic markets. Join Supply Chain Now’s Scott Luton & Greg White to hear how Bio-Rad has embarked upon a journey to total supply chain transformation; improving forecast accuracy and speed of supply planning, inventory management, end to end visibility, and ultimately improving service to their customers for Finished Goods. Learn how working collaboratively with Kinaxis and IBM, Bio-Rad positively redefined and stabilized core supply chain processes, implementing Kinaxis’ Rapid Response solution. Understand how Bio-Rad adopted a phased approach, beginning as a foundation with demand planning, followed by supply planning, and reporting & analytics. Once this foundation is in place then embarking on a journey to establish robust S&OP and S&OE processes, extending functionality vertically & horizontally, and modelling & optimizing inventory. The overarching goal of this transformation is to deliver improved customer service and responsiveness, whilst simultaneously providing network visibility, driving optimal use of manufacturing assets, and improving cashflow.

After a year of supplier shortages, demand fluctuations, increased operating costs, and liquidity pinches, supply chain leaders face a crossroads — either maintain the status quo and hope for the best, or reevaluate their business model to ensure they can weather the next storm. For many innovative business professionals, this means embracing new ways of thinking and capitalizing on process improvement and automation to realize real results on their balance sheet.