Posted by Zoe Geoffrion , on May, 2018
Supply chain planning has many parts and deals with arranging and handling supply to respond to the demand from consumers. This planning takes into account information from sales and marketing all the way to demand planning and revenue forecasting. There are quite a few factors that define good supply chain planning.
Being Aware of Different Components
Many systems have to work together for supply chain planning to be effective. Some of these other systems must integrate their planning with each other, such as sales/operations, demand planning, distribution, inventory, and supply, in order for the whole chain to be successful.
Having a Degree of Flexibility
Supply chain planning must have enough flexibility present to be able to handle quick changes. The best strategies will be able to chart changes in inventory, demand, and sales, as well as other outside variables, including county climate and how it will affect sales, in real time. This allows for quick changes to various processes and for everything to coordinate as seamlessly as possible. Companies must also be willing to make the necessary changes to remain flexible so the company can grow with consumer needs.
Companies must be able to find and implement unique solutions to deliver consumers their goods. Companies with diverse methods to carry out various parts of their supply chain may fare better than those who cannot, such as having a manufacturer but not being able to manufacture on short notice or in small quantities. With increasing options, all parts of the supply chain must be able to react and adapt or provide a form of customization to keep up with demand.