Reevaluating your supply chain planning
Nowadays, it can feel as if manufacturers and their suppliers must be supply chain experts to survive. Fortunately, there is no shortage of strategies that may help companies get a handle on material delays and other supply chain stressors.
"Without scrapping tried and true processes altogether, supply chain managers should seek ways to reshape and innovate their existing strategies and executions to work toward greater efficiency," Anise Madh, CEO of LeanSwift, writes in a recent Forbes article, adding, “You’ve done this before, and you can do it again.”
Madh’s piece, Three Ways to Reevaluate Your Supply Chain Planning, runs down several ways to get ahead of today’s challenges by rethinking manufacturing approaches, strategizing inventory investments, and speeding up flows.
As Madh notes: "No single one of these methods will solve the supply chain challenges faced worldwide, but adopting them can help you significantly improve your efficiency and reduce your exposure to the current supply chain crisis. Don't be afraid to embrace the change."
Read the full article.
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