Every organization needs to be focused on supply chain efficiency, particularly in today’s landscape, where consumers (both B2B and B2C) increasingly demand rapid fulfillment and hassle-free exchanges with the companies they do business with. When efficiency is lacking, companies lose valuable customers to their competitors – often those that have mastered supply chain optimization and can deliver on promises to meet modern demands.
But what changes, processes, steps, and strategies can companies implement to optimize the supply chain? To gain some insight into the most effective supply chain optimization tactics, we reached out to a panel of business owners and supply chain professionals and asked them to answer this question:
What’s the single best way to optimize the supply chain process?
Lisa Anderson is the President of LMA Consulting Group and a leading expert in supply chain management. Known for her unique ability to bridge the gap between strategy and execution and achieve dramatically improved service levels, accelerated cash flow and increased profits, she is often called, the Manufacturing ConnectorSM.
According to Lisa: “Without a doubt, the best way to optimize your supply chain process to maximize your customer service, margins and cash flow is to… Implement a sales and operations planning process (SIOP) inclusive of your end-to-end supply chain. By taking time to go through the process, organizations have not only achieved dramatic service level increases but have maximized their manufacturing and warehousing capacity, as well as margins while simultaneously optimizing sourcing/locations and accelerating cash flow. While there are several avenues to achieve these kinds of results, SIOP is the best avenue to ensure success.”
Published in Camcode on June 23, 2020