A chain is only strong as its weakest link. When it comes to controlling your supply chain, the better you are at understanding the entire chain and identifying weak links, the better your company will be in the long run.
In today’ post, we would like to present a couple of tips to help make managing your supply chain more effective.
Tip 1: Understand the big picture. Gather performance data on each vendor in the chain and update it constantly. If your data only includes some vendors or incomplete performance data, the picture of your supply chain is as incomplete as a jigsaw puzzle missing half the pieces. Without concrete data, you may have an idea of potential snags but ultimately you are guessing. As a result, you're not able to make the best decisions on how to resolve issues related to your operations.
Tip 2: Use integrated technology to manage your supply chain. Technology enables more efficient and effective data collection and analysis, giving you increased response time to head off potential problems. In addition, by using integrated technology you can improve communications with relevant stakeholders resulting in minimized disruptions to production.
The efficient use of supply chain controls enables your company to reduce costs and satisfy customer requirements. How well do you know your supply chain? Accupoint can help your organization to get a handle on comprehensive supply chain management. To find out how, visit us on the web at www.accupointsoftware.com or call toll-free 800.563.6520.