Managing a Global Supply Chain
Forbes recently published an interesting article on the complications of global supply chain management.
As the article points out, when business growth outpaces supply chain management, things can begin to fall apart. The main point of the article is that collaboration and solid IT investments are essential to avoiding risk when your supply chain goes global.
Collaboration
–Developing good relationships with all partners in your global supply chain will benefit everyone and leads to better negotiations, production and delivery
–There’s no replacement for local expertise that can help navigate everything from the best transportation options to tax and government issues
–Seek out the right suppliers and treat them as partners
–Having reliable back up suppliers will save the day when the inevitable risk occurs
Data is Big
–Managing a global supply chain means a constant interaction with data. The importance of keeping information accurate, organized and accessible can’t be overstated.
–It’s imperative to select the IT solution that best meets your specific supply chain requirements
Well-selected, trusted partners, a local understanding of each market and the right IT solutions can be a real game-changer for your global supply chain.
Many MHI members offer these solutions and can help improve processes for global supply chain management. Click here to learn more.
