According to the American Farm Bureau Federation’s 28th annual survey, the average cost of a classic Thanksgiving Day dinner for 10 people declined $0.44 from 2012. Now, there just has to be effectiveness and efficiency in those supply chains for that to occur. As you’re enjoying the upcoming holiday celebrations, bite into your pumpkin pie and festive jellies and contemplate these questions posed by our MEP supply chain expert, Terry Weiner.
When was the last time you really looked at how effectively your supply chain is performing? I mean, really looked into all of the aspects of cost, performance, quality, and value.
Is the supply chain performing to the specifications of your Supply Chain Strategy?
Do you even have a Supply Chain Strategy, and if so, is it in alignment with your corporate strategy?
Are your suppliers aware of the supply chain strategy and do they know what their part is in helping to achieve it?