Supply chain security is quickly becoming a pressing concern for businesses. Security no longer revolves around trying to surround your own company with a moat in today’s intricate, interconnected world. You must take into account the entire web of connections that modern supply chains are made up of. In actuality, your supply chain’s weakest link determines how secure you are. Therefore, in order to successfully manage your supply networks and provide goods and services to target consumer markets, your business can benefit from well-designed supply chain plans. A flexible and thorough plan can help your business better satisfy customer requests while increasing revenues. Making a supply chain plan can help to ensure that your business takes into consideration both customer and production demand in a changing market. In this post, I examined the components of a successful supply chain plan and outline a six-step process for developing one.
KEYWORDS: Supply, data, technology, logistics, contract, strategy.