Expertise
Supply chain management historically comprises operational functions like logistics, transportation and warehousing. Best practice companies address SCM by integrating these core value creation functions in an end-to-end process. Efforts to optimize a company’s supply chain must therefore focus on a thorough weighting of costs and benefits and a clear understanding of customers‘ needs.
Several crucial questions have to be answered:
- Is the supply chain in line with the business strategy?
- How can the complexity of global sales vs. global logistics be reconciled?
- How can the company best meet customer demand while holding minimal inventory stock?
- What measures have to be taken along the full length of the supply chain in order to improve its overall performance?
References
Introducing an order processing center for a manufacturer of components to reduce working capital and increase on-time delivery