- Street: hongkong
- City: hongkong
- State: China
- Country: China
- Zip/Postal Code: 000000
- Listed: September 3, 2021 3:24 pm
- Expires: 69 days, 21 hours
The chemical companies that want to improve supply chain performance need to understand the attributes of a truly outstanding chemical supply chain. These traits are not only related to daily performance, but also related to culture and leadership.
Outstanding daily performance in chemical production naturally means compliance with regulations and standards established to avoid health and environmental problems. This also means meeting the needs of customers and surpassing their peers in key performance indicators, which is why chemical industry leaders make customers a strategic priority. Leaders have also spent a lot of thought and energy to manage the distribution and layout of chemical products, determine the optimal number of warehouses that need to be maintained, and maintain control of the process. These efforts are usually accompanied by the establishment of clear responsibilities and interfaces in the supply chain organization. Finally, leading companies are increasingly relying on digital technology and data analysis to help them run their supply chains efficiently.
Excellent supply chain culture and leadership, in turn, translate into the consistency of the strategic direction, goals and performance measures of all functional departments within the company. We also found that supply chain performance leaders have a forward-looking mindset that allows them to focus on continuous improvement. Because they have a good understanding of supply chain dynamics, they can form teams with skills and knowledge to push the supply chain forward.
For companies seeking significant performance improvement, it is necessary to fundamentally redesign the supply chain structure and processes.
To help companies determine how to achieve excellence in their supply chain, we designed a framework consisting of 20 elements, divided into 5 levels: strategy, network, organization, process, and digital realization. The elements of this framework are developed based on our experience in numerous supply chain projects throughout the chemical industry, covering all aspects of the world-class supply chain.
The elements that require special attention will vary depending on the business environment, the maturity level of the supply chain, and the company’s ambitions. Therefore, companies should consider the entire 20-factor framework, rather than simply targeting the most obvious or easiest opportunities.
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