Bottlenecks determine the throughput of a supply chain. Recognizing this fact and making improvements will increase cash flow.
Supply Chain Management
SUPPLY CHAIN MANAGEMENT PROCESS
Supply Chain Management Process : Supply chain management is defined as the design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally.
Supply chain strategies generally conform to one of six types. Choose the best one for your organization, and you'll manage your business more effectively.
Supply chains encompass the end-to-end flow of information, products, and money. For that reason, the way they are managed strongly affects an organization's competitiveness in such areas as product cost, working capital requirements, speed to market, and service perception, among others. In this context, the proper alignment of the supply chain with business strategy is essential to ensure a high level of business performance.
Although collaboration offers many benefits for consumer goods manufacturers and retailers, too often their joint initiatives don't work out. To ensure success, partner companies should take these six actions together.