Does the Perfect Supply Chain Exist?
All supply chain managers want to perfect their supply chains. After all, it’s their job to ensure everything is optimized and running smoothly. However, no matter how much progress you make, there always seems to be some other step you could take to improve things even further. Is it ever really possible to obtain the perfect supply chain?
Supply chains are incredibly intricate. With all the links, employees, information, resources and steps involved in getting items from the suppliers to the end users, each one is different and will have a different definition of what constitutes perfection. This is why generic supply chain strategies simply don’t work across the board.
Perfection is Subjective
While the finer points can vary, the concept is essentially the same: getting the right products to the right customers at the right times is the overarching goal. Getting there requires a sound strategy that takes into account an organization’s particular product lifecycles, customers, markets, demand and stakeholders in order to gain competitiveness and efficiency while keeping costs down.
Connections are also vital. It’s important not to underestimate the effect that having strong connections in every part of the supply chain can have. Be sure to choose business relationships carefully according not only to reputation but also the particular needs of your company.
On a related note, trust is also essential. Organizations have to depend on lots of other businesses and people to get everything done, but it goes far beyond that. These days, customers want all of the information related to the origins of the products they buy, especially when it comes to food and clothes. Supply chain transparency has never been more important than it is now, so this is an area that deserves a lot of attention in the quest for perfection.
While you might never be completely satisfied with your supply chain, you can certainly approach perfection by taking these variables into account.
This blog post was based off of an article from All Things Supply Chain. View the original here.