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Last updated on 2024年5月8日

What do you do if your supply chain strategy is not working?

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When your supply chain strategy hits a snag, it can feel like navigating a ship through a storm without a compass. But don't worry, there are ways to right the ship and get back on course. In this article, you'll discover how to identify the issues in your supply chain, evaluate your processes, and implement changes to improve efficiency and effectiveness. Whether you're dealing with supplier issues, logistical bottlenecks, or inventory management challenges, you have the tools and strategies at your disposal to turn things around and ensure your supply chain is as robust and responsive as your business needs it to be.

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Mohamed Helal MBA, CMA, CTP Certified

Executive Leadership | Strategic Planning & Execution | Corporate Finance | Business Planning | IT Oversight | Business…
Tshwanelo Mosoeu

Founder and Director of NELO -TECH
L Guru Raghavendran

Design Thinking|| Product Strategy & Management|| Strategic & Breakthrough Innovation|| Ex-HDFC| SCB| HSBC| Experian||…

1 Assess Issues

The first step in troubleshooting your supply chain strategy is to conduct a thorough assessment. Look at where the bottlenecks are occurring. Are suppliers consistently late, or is inventory not being managed effectively? Maybe customer orders are taking too long to fulfill. You need to pinpoint the exact problems before you can begin to address them. Use data analytics and feedback from stakeholders to get a clear picture of where the weaknesses lie. This initial diagnosis is critical for setting the stage for effective improvements.

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Mohamed Helal MBA, CMA, CTP Certified

Executive Leadership | Strategic Planning & Execution | Corporate Finance | Business Planning | IT Oversight | Business Transformation | Budget Management | Operational Efficiency | IPO Readiness |
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If your supply chain strategy isn't working: 1. Identify the root cause. 2. Gather relevant data. 3. Conduct a SWOT analysis. 4. Engage stakeholders for insights. 5. Reassess the strategy. 6. Implement necessary changes. 7. Monitor performance closely. 8. Adapt and iterate as needed. 9. Consider external expertise. 10. Communicate transparently with stakeholders.

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2 Revise Processes

Once you've identified the problem areas, it's time to revise your processes. Maybe your forecasting methods need refining or your inventory management system requires an overhaul. Consider adopting lean principles to eliminate waste and improve flow. Sometimes, small tweaks can lead to significant improvements; other times, you might need to rethink your strategy from the ground up. Remember, the goal is to make your supply chain more agile and resilient, so be prepared to adapt your processes accordingly.

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3 Engage Partners

Your suppliers and logistics partners are vital components of your supply chain. If your strategy isn't working, engage with them to find solutions. Open communication channels to discuss issues and expectations. You might find that renegotiating contracts or terms can lead to better alignment with your needs. Collaboration can often uncover innovative solutions that benefit all parties involved. Remember, a strong relationship with your partners can lead to a more stable and efficient supply chain.

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4 Invest in Tech

In today's fast-paced business environment, technology can be a game-changer for supply chain management. Investing in the right tech tools, such as an advanced enterprise resource planning (ERP) system, can provide real-time data, improve forecasting, and streamline operations. Automation can also play a key role in reducing errors and increasing efficiency. While there may be an upfront cost, the long-term benefits of a tech-driven supply chain are often worth the investment.

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5 Train Staff

Your supply chain is only as strong as the people managing it. Ensure your staff is well-trained and equipped to handle the complexities of modern supply chain management. Offer training programs that cover the latest trends and technologies in the industry. Encourage a culture of continuous improvement where employees are motivated to identify inefficiencies and suggest improvements. Skilled and knowledgeable staff can make a significant difference in how effectively your supply chain operates.

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Tshwanelo Mosoeu

Founder and Director of NELO -TECH
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The strength of your supply chain depends on who is in charge of it. Make sure your employees have the skills and tools necessary to handle the challenges of contemporary supply chain management. Provide training courses that address the newest developments in the field's technologies and trends. Promote a continuous improvement culture that inspires staff members to point out inefficiencies and offer solutions. The effectiveness of your supply chain can be significantly impacted by having knowledgeable and skilled employees.

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6 Monitor Progress

After implementing changes, it's crucial to monitor progress and make adjustments as necessary. Set up key performance indicators (KPIs) to measure the impact of your revised strategy. Regularly review these metrics to determine if you're moving in the right direction. Continuous monitoring allows you to stay on top of performance and quickly address any new challenges that arise. This iterative approach ensures that your supply chain remains dynamic and adaptable to change.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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L Guru Raghavendran

Design Thinking|| Product Strategy & Management|| Strategic & Breakthrough Innovation|| Ex-HDFC| SCB| HSBC| Experian|| Ex-Entrepreneur
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In my experience what I have seen work is, applying focused design thinking concepts, such as double diamond design, can be instrumental in addressing the root causes. This involves a comprehensive analysis of the current strategy, identifying pain points, and engaging stakeholders at every stage of the process. Additionally, leveraging data analytics and scenario planning can provide insights into potential bottlenecks or inefficiencies. By adopting an iterative approach, continuously testing and refining solutions, organizations can adapt their supply chain strategy to meet evolving demands and ensure operational resilience.

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Tshwanelo Mosoeu

Founder and Director of NELO -TECH
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In the current dynamic business landscape, supply chain management can significantly benefit from technological advancements. Purchasing sophisticated enterprise resource planning (ERP) software, for example, can improve forecasting, expedite operations, and supply real-time data. Moreover, automation can be very helpful in lowering mistakes and raising productivity. The long-term advantages of a tech-driven supply chain frequently outweigh the potential upfront costs.

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Abayomi Badejo (MBA, CISCOM, PMP, ACIWM, ACILSCM)

Manufacturing Operations Manager | Supply Chain Management | People Management
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As in all process, experience matters hence sometimes after you have explored all your options and it seems no result then explore the option of seeking for a seasoned consultant. What this means is that you are paying a token to get the benefit of several years of experience and exposure the consultant is bringing to the table

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What do you do if your supply chain strategy is not working?

1

2

3

4

5

6

7

1 Assess Issues

2 Revise Processes

3 Engage Partners

4 Invest in Tech

5 Train Staff

6 Monitor Progress

7 Here’s what else to consider

Business Strategy

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What do you do if your supply chain strategy is not working?

1

2

3

4

5

6

7

1 Assess Issues

2 Revise Processes

3 Engage Partners

4 Invest in Tech

5 Train Staff

6 Monitor Progress

7 Here’s what else to consider

Business Strategy

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感谢您的反馈

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