The first step of creating your Supply Chain Strategy is to conduct an Assessment. This is the most effective Supply Chain Management Assessment available. Our vast experience optimizing and analyzing supply chains allows us to accomplish in a few days what can take other firms’ weeks.
Supply Velocity’s Clients benefit from this Assessment by the identification of all Supply Chain Optimization and Supply Chain Analysis opportunities. The Assessment provides a road map for organizational improvements that the client can use on their own, or often we are asked to assist and facilitate the development and implementation of the strategy.
The first step of creating your Supply Chain Strategy is to conduct an Assessment.
Supply Chain Optimization and Supply Chain Analysis are two important, but separate methodologies for profitably growing sales through great customer service and disciplined cost management. Supply Chain Optimization is the evaluation of tradeoffs in your supply chain, including delivery times, inventory availability, transportation costs, facility costs, inventory investment and which suppliers to purchase from, to find the highest service and lowest cost supply chain design. These design decisions include: 1) the number and location of your factories and/or warehouses, 2) the level of your inventory investment (raw materials, work-in-process and finished goods, 3) the choice of your transportation mode and design of your routing system, and 4) your strategic sourcing decisions.
Supply Chain Analysis involves a comprehensive review into your data to find unseen patterns in demand and cost data. We use various statistical modeling and data analytics tools to determine where cost-reduction and service improvement opportunities may exist. In addition, we combine analytics with Supply Chain Management Best Practices including the Bullwhip Effect, Supply Chain Collaboration, product development, strategic – tactical – operational supply chain decisions, global supply chain management, choosing the best supply chain design for your products and understanding the importance of information technology in implementing supply chain management.
Our founder, Mitch Millstein, Ph.D. is a widely recognized researcher and teacher in the area of Supply Chain Optimization, Supply Chain Analysis and Supply Chain Decisions. His research includes manufacturing cellular production, supply chain network design, supply chain performance measurement and inventory optimization.
Assessment Timing & Summary
An Assessment is a 2 – 4 day process involving 1) interviews with key personnel (executives, managers and individual contributors), 2) analyzing financial and operational data, and 3) facility tours.
Supply Chain Management Assessment Outline
- Interview key personnel
- Supply Chain
- Inventory management
- Customer Service
- Analysis of financial and operational data
- Facility tours
- Evaluate key improvements in the development of your Supply Chain Strategy
- Supply Chain Optimization opportunities
- Supply Chain Analysis opportunities
- Integrating Supply Chain Management Best Practices
- Calculate return on investment from implementation
- Determine team members and timing