Best practices for supply chain management success

     

The increasing competitiveness of markets around the world is making it ever more important for companies to seek out means for gaining and edge. For many, this means taking a closer look at their partner communities and refocusing efforts to improve their supply chain management programs.

It seems that supply chains are rife with areas where quality and efficiency improvements need to be made.

Even the smallest fix could streamline the manufacturing process and reduce the time it takes to release a product to the market. All it takes is following a few simple supply chain community management best practices.

Supply Chain Success

1. Focus on collaboration

B2B integration initiatives can make all the difference for a company's supply chain. The sooner an organization recognizes the value of working more closely with business partners, the quicker improvements to the supply chain will take shape.

A focus on business integration will give a company a better view of the entire manufacturing line. In keeping close contact with fellow organizations, supply chain managers will have a better idea of what is going on and where throughout the process, while also building stronger relationships with business partners.

2. Embrace analytics

Retailers leverage analytics to track and try to predict sales figures better, while marketers rely on the technology to devise campaigns that are best positioned to catch the eye of consumers. It's becoming increasingly evident that supply chain managers can also benefit from analyzing stored data.

By doing so, managers will have a better view of the inner-workings of the manufacturing process. Many analytics solutions allow for the creation of predetermined alerts, which will notify companies sooner of problems or areas of the chain that are lagging behind. Such problems can be resolved much quicker if companies are aware of them sooner.

3. Align processes with goals

All aspects of the supply chain should be working toward the same end: getting a product to market as quickly and efficiently as possible with the utmost quality. Meeting such a goal will be difficult if business processes and practices are not aligned to support it.

When carrying out supply chain management efforts, businesses should ask whether or not such efforts support the overall goal. If they don't, then it's clear the project should be altered as quickly as possible or scrapped altogether.