Seven Principles of Supply Chain Management
redefining the supply chain for a new era
This year has been challenging for businesses of all kinds. The global pandemic and other recent events have sent waves through organisations everywhere – unveiling vulnerabilities and the need for agile processes – making now the best time to future-proof your business and build resilience into your supply chains.
In this white paper, you’ll learn seven principles of effective supply chain management, and how they’ll help your business:
- Gain agility and stay mobile during uncertain times.
- Enhance visibility to quickly resolve imbalances and adapt accordingly.
- Optimise and reduce cost for the changing needs of your pipeline.
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Learn about the 7 supply chain principles and actions:
Principle 1: Improve inventory visibility
Principle 2: Manage supply and demand as a flow
Principle 3: Adopt a fast, felxible pipeline planning system
Principle 4: Use real-time analytics to measure volatility of demand
Principle 5: Improve forecasting models
Principle 6: Diversify suppliers
Principle 7: Create new distribution networks and channels