Supply Chain Management Best Practices

1. Develop the strategy.

2. Align the supply chain organization.

3. Recruit and develop supply chain professionals.

4. Be dedicated to performance management.

5. Establish the strategic sourcing strategy.

6. Manage total cost of ownership.

7. Establish key supplier alliances.

8. Develop a supplier management process.

9. Streamline the order to payment process.

10. Manage inventory.

11. Manage distribution and logistics.

12. Establish and monitor controls.