What is a Supply Chain Strategy Plan?
A supply chain strategy plan outlines the steps that a business must take to improve their supply chain management. It typically includes a set of objectives, actions, and KPIs to help the business reach their goals. The plan should be tailored to the needs of the company, and the implementation should be monitored to ensure that the desired outcomes are achieved.
What's included in this Supply Chain Strategy Plan 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 Supply Chain Strategy Plan template for?
The supply chain strategy plan template is designed for businesses of all sizes and industries that are looking to improve their supply chain management. The template covers a range of areas, from inventory management to quality control, to help businesses create an effective and comprehensive plan to manage their supply chains.
1. Define clear examples of your focus areas
The first step in creating a supply chain strategy plan is to define the focus areas that you want to address. A focus area is a specific area of the supply chain that you want to improve. Examples of focus areas could include inventory management, logistics, or quality control.
2. Think about the objectives that could fall under that focus area
Once you have identified the focus areas for your plan, you can then think about the objectives that you want to accomplish. An objective is a goal that you want to achieve within the focus area. For example, an objective in the inventory management focus area could be to increase inventory accuracy.
3. Set measurable targets (KPIs) to tackle the objective
Once you have identified the objectives for your plan, you can then set measurable targets, also known as key performance indicators (KPIs). A KPI is a target that you want to achieve in order to reach your objectives. For example, a KPI for an inventory accuracy objective could be to decrease inventory accuracy error rate from 5% to 1%.
4. Implement related projects to achieve the KPIs
The next step in creating a supply chain strategy plan is to implement the projects that will help you achieve your KPIs. A project, or action, is the set of steps that you need to take to reach your goals. For example, if you wanted to increase inventory accuracy, you could implement an automated inventory counting system.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
You can use the Cascade Strategy Execution Platform to help you execute your plan. The platform provides tools to help you quickly and easily track progress, measure performance, and manage resources to help you achieve faster results from your strategy.