What is a Push-Based Supply Chain Strategy?
A push-based supply chain strategy is a type of strategy where production is driven by forecasts and inventory levels. It relies on accurate and timely forecasting to help businesses make decisions about production and inventory levels. This strategy is designed to anticipate future demand and ensure that businesses have the right amount of inventory on hand when it is needed. The goal of this strategy is to increase efficiency and reduce costs associated with excess inventory.
What's included in this Push-Based Supply Chain Strategy template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Push-Based Supply Chain Strategy template for?
The Push-Based Supply Chain Strategy Template is designed for businesses that are looking to optimize their supply chain operations. This template provides a step-by-step process for designing a push-based supply chain strategy, which can help organizations become more efficient and reduce costs. The template is ideal for businesses in industries such as manufacturing, retail, and logistics.
1. Define clear examples of your focus areas
A supply chain strategy typically consists of several focus areas, which are areas of the supply chain that need to be addressed in order to achieve the desired results. Examples of focus areas can include optimizing forecasting, streamlining inventory management, and improving supply chain efficiency. Each focus area should have a set of objectives and associated projects that need to be completed in order for the strategy to be successful.
2. Think about the objectives that could fall under that focus area
Objectives are specific goals within each focus area that need to be achieved in order for the strategy to be successful. Objectives should be measurable and have a target that can be tracked in order to measure progress. Examples of some objectives for the focus area of Optimize Forecasting could be: Improve forecast accuracy, and Minimize forecasting errors.
3. Set measurable targets (KPIs) to tackle the objective
KPIs, or Key Performance Indicators, are measurable targets that can be used to track the progress of each objective. Each KPI should have an initial value, a target value, and a unit of measure. For example, a KPI for the objective of improving forecast accuracy could be to increase accuracy from 75% to 90%.
4. Implement related projects to achieve the KPIs
Projects are the specific actions that need to be completed in order to achieve the objectives of the strategy. For example, for the objective of improving forecast accuracy, a project could be to create data-driven forecasting models. Other projects could include implementing an automated forecasting process, implementing an automated inventory tracking system, and implementing inventory optimization models.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform can help businesses quickly and easily implement their strategies. The platform provides an easy-to-use interface to create your strategy, track progress, and measure results. The platform also has powerful analytics tools that allow businesses to see the impact of their strategy in real-time, enabling them to make informed decisions quickly and easily.