Supply Chain Demystified
Supply Chain is a big part of any operational strategy and yet it is arguably the most mismanaged area within companies. I was contacted by Michael Koplov of Software Advice and he shared with me a very good and balanced article on supply chain management. The article provides realistic solutions to the most common supply chain issues: supplier incentives, handling high risk suppliers, supplier visibility and communication and supplier expectations. Please check it out below!
Many modern supply chains are managed by software systems that automate processes and assist with the management of complex transactions. What they don’t do, however, is replace the need to develop critical relationships between buyers and suppliers.
Ariba’s Justin Fogarty moderated a conference call in June revolving around this question from the Strategic Sourcing & Procurement LinkedIn group: “True or False: Do penalties improve supplier performance?”
The main thing to take away from this call was that operations professionals need to put an emphasis back on improving these relationships. Find more takeaways at the article below:
Read the full article at: http://www.softwareadvice.com/articles/scm/back-to-the-basics-for-supplier-management-1070811/