How’s your inbound supply chain performing?
Is it time to take it to the next level?
Is your answer, “I’m not sure”?
Unfortunately, this is the answer many companies have when it comes to a proper assessment of their supply chains. And in today’s economic climate, the inability to do the necessary analysis can have consequences, both financially and operationally.
A Higher Priority
Customer service. Innovation. Project management. Systems expertise.
Companies invest substantial time and money in these core competencies, with the goal being a big return in the future. But when it comes to studying their inbound supply chains, many companies allow vendors to control the transportation and visibility required to effectively manage the costs associated with inventory.
Pushing inbound studies even further down the priority list is their complexity coupled with the fact that many companies lack the necessary tools, resources, skill sets, and internal support to complete an in-depth dive into their logistics operations.
Even with these components available, companies’ efforts to credibly assess their inbound supply chains are thwarted by factors such as misalignment with the project objective and inaccuracy. To successfully evaluate their inbound supply chains, companies can follow a repeatable, consistent approach that determines whether a change can be implemented and identifies the associated risks.