Supply Chain Performance
Supply chains have come a long way in a short time.
Where supply chain used to specifically refer to logistics and transportation, now supply chain management is the umbrella under which you’ll find operations, procurement, logistics and transportation, inventory control, and some IT. This enables the day-to-day activity alignment that is necessary for rapid response to customers while keeping costs under control and inventory at optimal levels.
Segmentation of supply chains allows for the careful aggregation of supply chain data to make competitive and operational decisions. This is similar in notion to manufacturing end item scheduling and aggregate scheduling. The aggregate and unique data metrics are used in various levels of the company for decision making and strategic analysis. As always, the data must reflect the reality of the supply chain performance.
The absence of universally recognized supply chain performance metrics creates a competitive advantage for companies that design their own. Meaningful metrics support the processes that define and dictate the day-to-day operational performance of your supply chains while aligning with executive strategy and tactical plans.
Well run supply chains produce:
- Greater visibility of product through to customer receipt
- Shorter cash-to-cash cycles
- Improved customer value
- Tighter control of inventory levels
If you are interested in optimizing your supply chain performance and shortening your cash-to-cash cycles, please contact Process & Strategy at Info@ProcessStrategySolutions.com
Key words and topics: supply chain, customer value, data, metrics, costs, decision making, strategic analysis