Back to the Basics, Part 1: 3 Supply Chain Capabilities to Address in 2023
Supply Chain industry experts Jeffrey Porter, StockIQ Technologies, and Tim Wise, Tight Lines Consulting & Coaching Supply Chain present a 4-Part Learning Series "The Basics of Supply Chain Management. In this video, they talk about the 3 Supply Chain Capabilities to Address in 2023. While all businesses have different drivers and market dynamics, there are three (3) capabilities that everyone should implement. If you want to lower costs, be prepared to manage through pandemic situations, create supply chain resiliency, and improve overall performance, working to put these core capabilities in place should be at the top of your Operational Objectives. Discussion Topics ◼ What elements of planning are important for any supply chain or manufacturing business to operate effectively? ◼ What are the key elements of a Supplier Management program? ◼ The holy grail of supply chain management - How do you manage your inventory?