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About Principles of Supply Chain Management
This document outlines seven principles of supply chain management from an article published in 1997. It discusses how successful supply chain initiatives: 1) Think of the supply chain holistically as interlinked steps from suppliers to customers. 2) Pursue tangible outcomes like revenue growth, asset utilization, and cost reduction. 3) Take a coordinated, holistic approach across the entire supply chain rather than isolated functional changes. The whole improvement is greater than the sum of its parts. Unsuccessful initiatives tend to be narrowly focused on individual functions and lack coordination, putting the company at risk of "dying the death of a thousand initiatives." Understanding customer needs and costs at a detailed level is also important for effective supply
Detailed Information
| Author: | ['Andy Josue Rivera'] |
|---|---|
| Publication Year: | 2022 |
| Pages: | 6 |
| Language: | English |
| Format: | |
| Price: | FREE |
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