How to implement a supply chain strategy?

Implementing a supply chain strategy requires a well-planned approach that involves identifying the essential elements necessary for achieving the set objectives. The first step in implementing a supply chain strategy is to establish clear goals and objectives that align with the company's overall strategy. Once the goals have been defined, companies must create a framework that outlines how they plan to achieve those goals. This framework should include the identification of necessary resources, the development of key performance indicators (KPIs), and the creation of tactical plans for each stage of the supply chain. Companies must also ensure that they have the right technology and tools in place to support their strategy and enable efficient tracking of performance metrics. Finally, companies must establish a system for ongoing monitoring and refinement to ensure that the supply chain strategy continues to meet evolving business needs.

This mind map was published on 1 June 2023 and has been viewed 65 times.