Supply Chain Management For Dummies

Chapter 15

Transforming Your Supply Chain

IN THIS CHAPTER

Minimizing inventory by improving information flow

Reducing complexity by eliminating unprofitable products

Trimming costs and working capital requirements

Financing innovation and improvement with quick wins

Supply chain management becomes most valuable when you are able to improve service levels to your customers and increase the profitability of your company. By making strategic choices about how to transform your supply chain, you can drive significant improvements such as increasing product availability for your customers, reducing working capital requirements, and increasing the flexibility of your business. But you probably can’t do all of them, and you certainly can’t do them all at the same time. In this chapter, you look at 12 strategies that can help you provide significant benefits for your business using supply chain management tools and techniques.

Improve Transparency and Visibility

Effective supply chain managers catch problems when they’re small, before they affect the company or its customers. Because supply chains ...