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Move faster with a few focused initiatives in Supply Chain.
Most companies have a plethora of improvement initiatives in their supply chain. Each of these initiatives tries to improve the working in a particular segment of the supply chain. While the specific segment improves its local performance, its impact on the overall company performance is often negligible, sometimes even negative.
Why does it happen and how can we get more mileage out of a fewer focused initiatives? The key lies in identifying what is constraining the entire supply chain performance and designing a focused initiative to get more out of that constraint.
In most cases, synchronizing supplies with demand on an ongoing basis is the single focused initiative that improves the overall supply chain performance multifold. Product availability, product freshness, supply lead time, product assortment… all these important performance measures improve simultaneously while releasing surplus capacity in the backend to cater to higher sales.