2. Why Supply Chain Management Matters
■ Businesses must communicate between different aspects of its business, and they can
only be as strong as its weakest aspect.
3. Use a Process Framework
■ It is easier to understand supply chain if you separate it into different processes.
4. Plan the Supply Chain
■ You cannot start supply chain management without first creating an ideal plan for your
supply chain to follow.
5. Source Inputs
■ You must find efficient suppliers to provide the materials that you use to make your
products.
6. Make Products and Services
■ Every business makes something, it can be a product or a service but it is not only
manufacturing.
7. Deliver Products
■ Products don’t have value until you deliver them using order management,
transportation, and distribution.
8. Return Products
■ Managing reverse supply chain is important in keeping good relations with your
customers and distributors.
9. Enable Supply Chains
■ Things that enable a supply chain are all the things that tie the different aspects
together including software and processing systems.
10. Prioritize Goals
■ As a company you must decide what goals are most important, and must put
obtaining them over other, less important goals.
11. CalculateTotal Costs
■ Using the total cost to serve, you can determine where it is viable to cut costs and
where those cost cuts may hurt the organization.
12. Manage Competing Goals
■ Managing the goals of sales, and the goals of manufacturing is key to efficiency and
reducing costs.
13. Mitigate Risks
■ A risk register can help to identify risks, and can provide solutions on how to reduce
these risks.
14. Invest in Flexibility
■ The supply chain needs to be able to keep up with the changing of the global market
while reducing the increase in operational and supply chain costs.
15. IncreaseVisibilityWith a ControlTower
■ Visibility is important so that managers can view what is happening, and they can
make a plan on how to react to what is happening.
16. Supply Chain Innovation
■ Innovation is the key to finding better and more efficient ways of doing things, leading
to higher profitability.
17. Ecommerce and Social Media
■ Technology and consumers within the marketplace are changing constantly, social
media and the internet makes it easier to share information about products and
companies.
18. Internet and DataTrends
■ Internet ofThings, customer profiling, big data, cloud computing and analytics are
information technologies that are changing the ways supply chains are operated.
19. Artificial Intelligence and Machine
Learning
■ Artificial intelligence is important in processing data and information, and should be
used with human judgement to make final decisions.
20. Blockchain
■ Blockchain keeps information on transactions between companies, and can be shared
to many different computers and information systems.
21. Automation, Robotics, and Drones
■ Automation and robotics has created advanced supply chain, and has made things
more efficient in some aspects of supply chain.
22. Get the Right People in the Right
Positions
■ Proper training and education is important in ensuring that you have the right people
doing the right job that they are most effective at.
23. Select the RightTechnologies
■ The chosen technology must align with your strategy, goals, and employee structure
within the organization.
24. Collaborate Internally
■ Decisions between different sections of an organization must align with each other to
reach the set industry goals.
26. Manage Projects Effectively
■ Being able to complete projects effectively allows supply chains to improve and keep
up with changing demand and technology.
