HOW TO BENEFIT FROM SUPPLY CHAIN MANAGEMENT


BLANCA BARANGE


Firms from any kind of industry need to make sure that their supply chain management is well managed, as they ensure the effectiveness of their process and contribute to the best results the company can achieve.

Some recommended practices to do are the following ones:

  • Identify all the parties involved in the supply chain process and establish some rules and procedures in order to have a great work team with responsibilities of turning the supply chain into an exit.
  • It is very important to have the correct staff to ensure the internal process is done perfectly.
  • The correct suppliers are a very important issue to take into account and therefore it is key to establish good synergy relationships with suppliers.
  • Another key point is to source at the strategic and collaborative level.
  • The price is not only important in the supply chain management when making decisions, but it is also very relevant to take into account the total cost of the ownership.
  • The inventory optimization is one of the most important things to consider.
  • Moreover, the risk has to be minimized and therefore it is essential to establish ways of control to minimize the risk.
  • Finally, the responsibility of the company to maintain a sustainable and ecological supply chain process.

 

 

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