The following is a PowerPoint I created that includes a "bottom line" sentence for each video in the "Implementing Supply Chain Management" Lynda series.
3. Use a process framework
Supply chains are complex systems that need to be
separated into processes and can be measure by key
performance indicators.
4. Plan the supply chain
Planning is key in order to manage the four elements of supply
chain (customers, products and services, resources, and
constraints) effectively.
6. Make products and services
Operations managers have to understand the process in order to
positively impact supply chain speed, agility, and costs.
7. Deliver products
Properly executing the delivery process is vital because
distribution is the final step in the supply chain between the
company and the customers.
12. Calculate total costs
In supply chain, a bottom line on costs must be taken to
assure cost savings in one place are not outweighed by
cost increases in another area.
13. Manage competing goals
In the process of completing goals, supply chain
managers face conflicts that can be resolved through
communication and collaboration.
14. Mitigate risks
A risk register is a tool to help managers identify,
mitigate, and manage the risks facing their
supply chain.
15. Invest in flexibility
A flexible supply chain is a sought after goal but requires
proper allocation of time and money.
16. Increase visibility with a control tower
Visibility, arguably the most valuable supply chain step, is
a challenging step that can be more easily achieved
through supply chain towers.
17. Supply chain innovation
Both sustaining and disruptive innovation are an
"essential survival skill“ in order to be a supply
chain that stands out.
19. Ecommerce and social media
In supply chain, it is important to utilize e-commerce and social
media to keep track of customers’ unpredictable demands.
20. Internet and data trends
By using analytics, supply chains can gather
prominent information.
21. Artificial intelligence and machine learning
Collaborating both people and technology, such as artificial
intelligence, optimizes the supply chain.
23. Automation, robotics, and drones
If understood and utilized properly, advanced technologies have the
potential to create a high amount of value in supply chains.
25. Get the right people in the right positions
Before any further supply chain management implementation steps are
taken, the right people have to be in the right positions.
26. Select the right technologies
Creating a technology road map is the second step in
the supply chain agenda implementation.
29. Manage projects effectively
All implementation steps can be in place, but if a project is
not managed effectively, failure will occur.
30. Conclusion
Next Steps
Applying all the steps and lessons discussed can be
overwhelming, but if a company wants their supply chain
to stand out, hard word must be put worth.