Supply Chain Management: The Important DOs and DON’Ts...

While technology has considerably helped business owners streamline their daily operations, it hasn’t quite made running a business any easier than it was in recent decades. In fact, many would assert businesses have become more of a challenge to keep afloat. The rise of the Internet, social media and online retailers has caused business and customer interactions to change for both better and worse. Now there is no choice but to try and keep up. One of the ways to stay on top of today’s business climate is by altering your supply chain collaboration methods. Here are a few tips on what to do and what not to do to build success. DON’T Make Your Teams Too Localized While your business may attract local clientele for now, there’s a good chance it won’t stay that way for long. If you would like to expand in the future, you want to start working with supply chain professionals outside of your local circle. They can help you strategize your expansion so you can better reach a broader array of customers. Be sure to give everyone the tools to communicate back and forth with one another as well. DO Plan Ahead Few businesses are made to last just a few months. Proper supply chain collaboration involves planning ahead as extensively as you can to try to both avoid complications, as well as lay out strategies to resolve issues when they do arise. Set out what you would like to accomplish within a given year, then make steps toward how to realize those goals. DON’T Keep Your Various Teams in the Dark About Each Other The key to successful supply chain collaboration is communicating frequently and effectively. Let your teams talk to one another as often as they...