Since our first post in this series, we hope you've taken a few moments to reflect on your supply chain with the following questions:
- What are the guiding principles of my supply chain?
- What wastes lay hidden in areas such as: inventory, transportation, space and facilities, time, packaging, administration and knowledge within my supply chain?
Let’s begin by tackling question one for today: What are the guiding principles of your supply chain?
First, have you or your team really defined the purpose of your supply chain? When it was created, was it a matter of just piecing things together, as it progressed, or did you have a strategic plan on how it would fit together to deliver the products needed in the time required? Unfortunately, many supply chains that we first encounter fit into the former scenario. This approach is similar to building a car without fully understanding all of the pieces and systems that must fit together and work in harmony without first having a plan!
Yet, many companies manage a complex supply chain that moves parts and stock keeping units (SKUs) over thousands of miles, through multiple borders and various modes of transportation, with little to no visibility or strategy.
Navigating through this complexity while keeping a "true north" requires a set of guiding principles for a resilient supply chain.
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