Supply Chain Readiness: 7-Point Checklist for Change
In today’s business, supply chain leaders must address complex questions from diverse stakeholders. Below is a 7-point checklist to evaluate your network design’s readiness for disruptions, new business models, inflation, and higher interest rates that are changing business norms. This checklist, drawn from market leaders’ strategies, aids in pinpointing gaps in your design practice and provides a roadmap for the necessary analysis.
Take heed of the questions to which you answer “NO.” Ignoring these warning signs could lead to severe consequences, potentially jeopardizing your position. So, what’s the solution? Developing a change roadmap that ensures your supply chain practice aligns with the end-to-end vision while also integrating finance, sustainability, and risk considerations. Companies that have embraced this holistic approach have seen notable increases in profit in the range of 1% to 5% of revenue.
