Supply Chain Control Towers — Benefits & Framework For Implementation

A supply chain Control Tower allows for end-to-end visibility into a supply chain, providing the ability to access key information, analyze it, and act on it for superior decision making and efficiency. Key benefits include balancing inventory across locations, optimizing buffer stock, and reducing associated carrying costs. In this article, I reveal the key elements of a successful implementation, including creation of an information hub; shared reports and scorecards to manage partner relationships; buy-in from internal functions, suppliers and customers; and development of a risk management framework. I also provide a breakdown of the three implementation phases with best practices ...