Supply Chain best practices

Some of the key supply chain problems faced by companies worldwide are - overproduction, excess inventory, high cycle time, low flexibility, high defects and low human and machine efficiency.

However, there are a number of tools available that can help supply chain professional overcome these problems.

The 3 step process to reduce the supply chain waste is

1) Identify waste through value map analysis

2) Perform root cause analysis to find cause of waste

3) Use problem solving tools to eliminate waste

The tried and true tools of problem solving tools include

1) USP Analysis

2) Greiner Curve

3) BCG Matrix

4) Core competence analysis

5) Critical success factors

6) Porter 5 forces