So many people are focused these days on the new emerging technologies and systems and some of the businesses are ready to embrace them but here’s a tip: Don’t forget the fundamentals!
- Making sure your distribution network is aligned appropriately
- Making sure you got a supply chain strategy that’s appropriate and works and is understood
- Making sure you understand customer and product profitability
- Making sure that you are adopting good sales and operation planning processes
- Managing your inventory correctly
- Managing your outsourcing contracts correctly
A number of businesses that I come across day-to-day still have big gaps in all of these fundamentals. Step up and make a difference.
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Editor’s Note: This post was originally published in May 2019, under the title “Supply Chain Fundamentals” in Logistics Bureau’s website.