Globalization and the never-ending drive to reduce costs have resulted in highly efficient, but not always resilient, supply chains. The global automotive supply chain is a prime example. Supply chain disruptions from the pandemic continue, and there have also been ripple effects from other recent anomalous events, such as February’s deep freeze in Texas, the massive cargo ship that got stuck in the Suez Canal in March, or the fire at Renesas Electronics’ chip factory in Japan that same month. Developing a so-called “plan for every part” (PFEP) is one way automotive OEMs and suppliers can ensure their supply chains are stable and resilient as the economic recovery accelerates. The concept essentially defines the demand for each part, how each part is purchased, received, packaged, stored and delivered to its point of use. This webinar will explain the concept and how to implement it.