New Year, New Operations, New Results
New Years Eve 2018 is upon us and while some are celebrating, others are wondering what it will take to create stronger, competitive results for the new year. The solutions your company implements depends on more than just recycling what might have worked in the past, it requires digging deeper in the areas sometimes overlooked and ignored. Examples of this include contracts, visibility, and employee well-being. Supply Chain 247 compiled a list of resolutions to consider for 2019.
First and foremost, keep things simple and weigh out options to involve suppliers for increased compliance efforts if simplification is not an option. In doing so, the risk of product recalls or compromised safety is eliminated.
Detailed contracts start with a granular evaluation of the task at hand and who will perform it. Consider this level of detail as a must for the upcoming year and don’t compromise the level of detail provided to those involved with the contract. This supports the idea of non-negotiable transparency – also on the list.
Technology advancements provide much more than automation and ultimately reduce operational redundancies and the risk for errors. Additionally, these advancements save companies time and valuable resources. As noted in the list of recommendations, “If you’re still managing your supply chain with paper and pen, or even spreadsheets, you’re doing it wrong,” (SC247).
Taking a step back and evaluating how these factors impact operations can make a huge difference moving forward. These solutions benefit not only the company, but the employees and overall success of the company’s supply chain management efforts. There is no point in devising a plan that can’t succeed because of minor inconsistencies in operations. These tips can help pave the way for your SCM success and bolster a competitive advantage.
Source: Supply Chain 247
FROM FACTORY TO FINALS: THE SUPPLY CHAIN OF A BASKETBALL