Supply chain operations used to be seen as one-dimensional by higher management: How can we find ways to reduce expenses even more?

In many companies, that’s changed.

Now, people are starting to figure out that an efficient supply chain is directly linked to a company’s overall performance.

Successful supply chain operations usually have four aspects in common:

• Making decisions that benefit the entire company, rather than staying on the departmental level. Guidance for making these decisions can be found in Key Performance Indicators and Key Risk Indicators established for your individual company.
• Opening the doors and creating high visibility into all aspect of supply chain operations.
• Ensuring that all purchasing decisions are made strategically, and
• Getting buy-in from senior management to put a priority on supply chain performance, especially when it comes to involving other departments.

While this good news for supply chain pros, the brighter spotlight means that all you do will be more closely scrutinized.

What this all means is that today, it’s imperative that you create the time to take a step back and assess the big picture, despite the ongoing day-to-day pressure to perform.

Tags: Key Performance Indicators, Key Risk Indicators, purchasing decision, supply chain