How can you use technical frameworks to improve your supply chain management?
Supply chain management (SCM) is the process of planning, executing, and monitoring the flow of goods, services, and information from the source to the customer. SCM involves coordinating and integrating multiple functions and activities across the supply chain, such as procurement, production, distribution, logistics, quality, and customer service. SCM is essential for any business that wants to optimize its operations, reduce costs, improve customer satisfaction, and gain a competitive edge.
However, SCM is also a complex and dynamic field that requires technical skills and knowledge to deal with various challenges and opportunities. Technical frameworks are tools and models that help SCM professionals to analyze, design, implement, and evaluate supply chain strategies and processes. Technical frameworks can provide guidance, structure, best practices, and standards for SCM. They can also help to identify and solve problems, measure and improve performance, and align supply chain goals with business objectives.
In this article, we will explore some of the most common and useful technical frameworks for SCM and how you can use them to improve your supply chain management.