Taking a step back to examine your practicesSupply Chain Management
It’s easy to look externally when trying to improve your processes, but taking a hard look at your current practices should be the first step. Industry Week said, “To break the cycle, rather than reaching for the latest technologies, some managers have gone back to basics and have emerged with lasting return and a competitive advantage.”
Try creating an end-to-end value stream map to analyze your current status and look for ways to improve. Plus, once you have that done you can see where to prioritize those new technologies!
The Solution to Transforming the Supply Chain: Back to Basics
Organizations get back to basics by evaluating drivers of the end-to-end lead time, targeting basic process changes within the four key areas of supply chain (Plan, Source, Make and Deliver) and applying solutions to improve key area fundamentals, which ultimately drive dramatic improvements in theRead the article