Key Atributes to an Effective Sypply Chain

This may be of interest to individuals who are not sure just what is required to have an effective supply chain:

Transparency - Supply chain processes and procedures should be transparent to all stakeholders. The higher the visibility, the easier it is to identify problems in the system.

Speed – Determine the speed of each process and procedure in the supply chain and assess how to improve on it. Benchmarking can play an important role here.

Collaboration - Sharing of information and key learning's among supply chain partners can drastically improve your supply chain.

Trust - Sharing of information and knowledge will lead to improved partnerships and trust.

Consumer orientated - The needs of the consumer should always be the focus point of any supply chain system.

Flexibility - A rigid supply chain system can not respond to market changes.

Variability - A one size fits all solution is highly unlikely to work for all channels and customers segments.

Ongoing assessment - Supply chains are not static. Trends need to be evaluated regularly.

Patience - Newly implemented systems require a patient approach as changes are unlikely to yield immediate results.

Risk. - We must understand what WILL . happen if we have a broken link and decide BEFOR what our course of action will be>