Supply Chain Management: Principles and Best Practices You Can Use
The 39 methods, techniques and methods of SCM can be used to successfully execute the 4 supply chain management (SCM) strategies: rationalisation, synchronisation, customisation and innovation. Rationalisation is aimed at containing operating costs. Synchronisation is aimed at balancing supply with demand. Customisation aims to enhance the customer interface. And innovation is focused on achieving rapid new product development and introduction.
When managed together, effective SCM offers at least a 30% potential improvement in economic value added (EVA). Rationalisation strategies can contribute 4–6%. Synchronisation strategies can generate 5–7%. Customisation can add up to 6–10%, and innovation benefits can exceed 15%.
BSI’s 8-step program of optimization initiatives can maximize your benefits:
It has worked for companies like yours.
Click here for a list of articles, books, and presentations I have written and delivered on supply chain management.
David Steven Jacoby
Global Supply Chain Management Consultant