So many people are focused these days on the new emerging technologies and systems and some of the businesses are ready to embrace them but here’s a tip: Don’t forget the fundamentals!
Making sure your distribution network is aligned appropriately
Making sure you got a supply chain strategy that’s appropriate and works and is understood
Making sure you understand customer and product profitability
Making sure that you are adopting good sales and operation planning processes
Managing your inventory correctly
Managing your outsourcing contracts correctly
A number of businesses that I come across day-to-day still have big gaps in all of these fundamentals. Step up and make a difference.
Feel free to ask questions below, and here are more details on Supply Chain ‘Cost to Serve’ you can check out:
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