Have you heard about the seven principles of supply chain management? Back in 1997, Anderson, Britt, and Favre revolutionized the industry with "The Seven Principles of Supply Chain Management." This timeless classic is a must-read, continually cited over 160 times! 🌟 Here’s a glimpse: 1️⃣ Adapt to Customer’s Needs: Segment and anticipate customer desires. 2️⃣ Customize Logistics Network: Tailor logistics for efficiency. 3️⃣ Align Demand Planning: Share data to avoid excess stock. 4️⃣ Differentiate Products: Balance customization and standardization. 5️⃣ Outsource Strategically: Never outsource core competencies. 6️⃣ Develop Supportive IT: Integrate IT with business processes. 7️⃣ Adopt Service & Financial Metrics: Understand customer profitability with advanced costing. Have you ever heard about these principles? Which one intrigues you the most? Let’s discuss in the comments! 👇 #SupplyChainManagement #BusinessStrategy #Logistics #Efficiency #CustomerFocus #Outsourcing #Technology
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Helping Operations and Supply Chain executives make smart decisions to transform their organisations and prepare for the future.
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Contractor | Supply Chain Data Integration
1moI'm trying my best with 6! 😂