Buyers Guide -
Spotlight on Business Outcomes
There’s an old saying, “You will never hit the target if you don’t know what you’re aiming at.” This is particularly true in the management of supply chains. In this discipline, having clear goals is an absolute must. There are many crucial questions arounds selecting and using supply chain software. Here we focus on one of them, the importance of knowing the desired business outcomes.
It’s crucial to identify use cases so the business isn’t implementing a technology in search of a problem. Complicated market forces - such as supply shortages and bottlenecks in logistics networks are also major factors.
So, supply chain leaders have to ask:
- Is procurement trying to reduce its direct material costs?
- How can cost reduction initiatives and opportunities to inform strategies for renegotiating and resourcing be identified?
- Can data be grouped easily for analysis – to see quoted prices and the best pricing negotiation opportunities?
- Can weak links and risks in the supply chain be identified and prioritized?
- If the business is reliant on a factory in a specific location and vulnerable to weather-related disruptions, can the planner see what supply looks like and begin risk mitigation?