5 Steps to a winning Supply Chain Strategy.
According to a Gartner poll of 1,000 supply chain leaders, 42% had trouble finding the correct balance between profitability and other crucial considerations like sustainability, speed, and innovation.
These five steps will help you create a winning supply chain strategy from setting goals to keeping an eye on how things are going.
✔ Start by aligning your supply chain step strategy with the overarching business strategy and objectives.
✔ Identify supply chain step drivers like technology, regulations, customer demands, and global supply chain events.
✔ Prioritize your Business Partners and don’t overlook any of them from customers, suppliers, logistics, regulators, or even your rivals; they are all vital to the success of your supply chain.
✔ Identify the strengths and weaknesses of your supply chain and the resulting opportunities and threats.
✔ Put together a detailed plan outlining the steps to execute your strategy.
Whether you’re starting from scratch or revamping an existing strategic plan, Synvance offers a comprehensive solution and tools to help you every step of the way.
As a management and technology consulting firm, Synvance guides businesses on their core transformational activities regarding their supply chain, from the identification of improvement opportunities to essential requirements from the supply chain activities and consideration of ESG factors through business-as-usual operations.
