Vietnam Supply Chain, a member of AusCham, has just forwarded the information below regarding the Top 10 Supply Chain Mistakes.

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Mistake 1: Always viewing the supply chain as a “chain”
In addition to the traditional internal activities and relationships, supply chain practitioners now need to focus externally on business-to-business and even business-to-consumer processes and interactions.

Mistake 2: Continuing to do business as usual
Companies that did not substantially shift their go-to-market strategies or channel strategies achieved only small incremental improvements

Mistake 3: Having the wrong idea about “control”
Not every company will be able to become virtual in all aspects, nor should they. Even a company like Cisco Systems still retains strategic control and planning of its overall supply chain and firm tactical control of key elements. In the future, supply chain success will be determined largely by the degree of partnership between the businesses that make up the extended value chain.

Mistake 4: Failing to synchronize demand and supply signals
We need to track point-of-consumption data as well as inventory at the last point of consumption, and they use sophisticated tracking technology to transmit the data effectively.

Mistake 5: Believing that technology is the real enabler
Six times out of ten, a complex supply chain project will involve an IT implementation. The importance of the fundamental business processes and the strategy surrounding the use of the technology, however, continues to be underestimated.

Mistake 6: Failing to gain real visibility
Rich quantities of real-time data aren’t universally beneficial. It is important for companies to identify where in their extended supply chains such data can be of business value.

Mistake 7: Adopting a “one-channel-fits-all” approach
In practice, there are multiple supply chain designs to suit the characteristics of the products and the channels they are sold through.

Mistake 8: Misreading the people factor
The biggest challenges for employees center around rigorous analytical thinking and technology understanding.

Mistake 9: Not leveraging global elements of supply chain operation
Globalization of supply chain functions and processes and shared leverage with partners appear to deliver productivity benefits of between 8 -10%

Mistake 10: Underestimating the size of the transformation task
A long-term success horizon (three to five years) and dedicated project teams.

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