5 TIPS FOR IMPROVING YOUR SUPPLY CHAIN MANAGEMENT.

5 TIPS FOR IMPROVING YOUR SUPPLY CHAIN MANAGEMENT Regularly Update Your Written Strategy While it may seem like common sense, few manufacturers actually develop a written supply chain strategy. Budgets and objectives are beneficial, but companies need to focus on developing a strategy in order to improve their supply chain. Align Your Supply Chain with Your Business Sales and Operations Planning has made it easier for companies to align supply chains with the business. However, companies often lose track of the importance of this alignment due to critical operational pressures and additional factors. Focus on Employee Development Companies running supply chains face significant operational pressures every day; however, businesses still need to find the time to focus on developing employees and their skills. Companies can start doing this by regularly assessing their employees, investing in training and skills enhancement, rotating the most promising managers through multiple job assignments, and spending time developing succession plans for higher level supply chain positions. Become “Fact-Based" In order to find true success, companies need to develop a "fact- based" culture. Rather than accepting assumptions at face value, employees need to dig for factual evidence. Managers and executives need to stress the importance of fact-based analysis among supply chain teams in order to improve success in logistics. Take Advantage of the Latest Technology The most successful supply chains incorporate technology such as warehouse management systems (WMS) into their strategies and warehouses. Warehouse management systems can help you automate the materials-handling process and increase your overall efficiency. Warehouse management solutions will also help your company increase inventory-handling accuracy, improve the allocation of human resources, and better control costs through radio frequency and barcode technology. GGLGLOBAL.COM/LOGISTICS-AND-CHAIN-MANAGEMENT.HTML