Topics: Supply Chain
As Bob Weston and I outlined in Process Mapping: The First Step in Unlocking Supply Chain Value, Process Maps visually document the actions and decisions required to move a product or service across its supply chain. The next step in supply chain optimization is measuring each action against relevant targets to verify completion or success, followed by mastering those steps to create incremental value.
Last week, Dennis Trchka laid out Four Steps to Unlocking Supply Chain Value. The first step, documenting current processes, is the foundation from which opportunities to realize both bottom line savings and top line growth begin to appear. A Process Map (PM), quite literally, gets everyone on the same page. It’s a great visual aid that helps everyone in the organization “see” how a product moves through the supply chain, identify gaps and pain points, and begin to brainstorm new approaches and solutions.
In today’s competitive environment, consumer goods manufacturers expect their suppliers and co-manufacturers to bring them innovative ideas, new approaches to market, more efficient processes, access to the latest innovations and new technologies, and to provide assistance in new product development. Suppliers often feel caught in the middle; keeping their customers delighted while still achieving their own profit, growth, and operating goals begins to seem nearly impossible. But what is frequently overlooked is the opportunity to leverage the supply chain itself to create sustainable, differentiated value.