As a professional in the shipping and transportation industry, Craig Raucher has accumulated more than three decades of experience in sales and management. Over the course of his career, Craig Raucher has also garnered experience in supply chain management. Establishing a successful supply chain management system requires the following important elements.
2. Introduction
As a professional in the shipping and
transportation industry, Craig Raucher has
accumulated more than three decades of
experience in sales and management. Over the
course of his career, Craig Raucher has also
garnered experience in supply chain
management. Establishing a successful supply
chain management system requires the following
important elements.
Communication: Effective communication among
members of a supply chain helps keep operations
running smoothly. Additionally, communication can
help supply chains to respond more quickly to
new business developments, which aids in profit
maximization.
3. Supply Chain Systems
Management of demand: Staying aware of
customer demand is key to preventing profit loss
from under- and overproduction. Successful
supply chains base operations around the
behavior of customers, rather than focusing solely
on increasing the swiftness or output of a process.
Consolidation: A successful supply chain
strengthens itself through networks and
establishes a process that utilizes efficient,
necessary business collaborations. This helps to
increase production times, as well as reduce
production costs.