Know about the Seven S's of Supply Chain Management
The global supply chain industry keeps evolving in terms of technology and methodology. The question is, how your business can keep up with it and leverage it through it. To summarize this for you, we will be reviewing the seven S’s of supply chain management , so that you know where you need to head. 1. Synergy Synergy can be difficult to identify and capture sometimes. It is even more challenging when searching for it in convoluted global supply chains. This term essentially refers to savings; and by identifying the different varieties of supply chain synergy in the market, you can explore more ways to save. 2. Standards Standards work like oxygen when it comes to implementing advanced SCM models. These are extremely important as you cannot build scalable multi-company solutions sustainably without it. 3. Semantic To get the most out of supply chain synergies, transparent and simplified data sharing work wonders. Semantic data formats are one of the most eff