Getting together all the required resources to start a new supply chain project can be difficult, so Godfrey Huguley writes that closely aligning the project with corporate initiatives maximizes the chance of you getting the support you need to launch the project. Here are four ways to best integrate.
Integral Integration Initiation
First, there is margin management, with key areas of focus like automated ordering and receiving, implementation of smart labeling, and enforcement of shipping requirements. Second, there is risk mitigation. One report cites that most companies face a crisis every four to five years, of which nearly 75 percent will close or incur a long-term impact. To combat risk, develop a multitier supplier view, apply risk assessment to supplier selection, and track products as they move. The third item Huguley addresses is expansion, whether it is through additional product volume, regions, or clients. And finally, there is sustainability, which is on the mind of all supply chain executives today. You can read the full article here: http://www.mbtmag.com/articles/2015/03/4-ways-integrate-supply-chain-projects-corporate-initiatives