WHAT IS THE BLUEPRINT FOR SUCCESFUL SUPPLYCHAIN INNOVATION?

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WHAT IS THE BLUEPRINT FOR SUCCESFUL SUPPLYCHAIN INNOVATION?

§  Continuous improvement of processes. The improvement should be kept simple and value should be added. When an improvement in process is indicated it should be analyzed and then appropriate actions should be taken.

§  Efficient communication should be followed in organizations. The Top management should be easily connected and valued inputs and decisions should be taken from all the employees.

§  Risk and cost should not be associated. Innovation should be considered as an investment for a company.

§  Innovation should be made to bring in improvement. Proper strategies, techniques and efficient use of technology should be used for innovation. Supply chain should be agile so agility is one of the key components as well as integration and collaboration.


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