Have you thought about your supply chain strategy lately? Or, are you focused on the day-to-day supply chain issues that occur? My clients seem to focus 80% of their time on fire-fighting, much to their chagrin. Instead, we need to set aside specific time to think about supply chain strategy. Consider the following questions:
- Customers’ locations – where are your customers located? Have you put them on the map?
- Customers’ expectations – what type of service level do your customers expect? Do they have any other key requirements?
- Suppliers’ locations – where are your suppliers located?
- Supplier agreements – what types of agreements do you have with your suppliers?
- Transportation partners – who are your transportation partners? Which areas do they service?
- Industry – what does your industry look like? What specific requirements does your industry expect?
- Market conditions – are there any market conditions you should leverage?
- Risk – which risks are most likely to occur? How can your company account for them with your supply chain strategy?
- Strategic advantage – what is your strategic advantage in the marketplace? How does your supply chain fit into it?
- And there are many more – not all supply chains are alike. Think about what is most relevant when thinking of your supply chain strategy.
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