7 C’s are a great starting point in a journey to supply chain excellence.
There is an opportunity to grow; you have assessed the market, tested demand, perhaps you are trading via a distributor, or you have operations on the ground already. Now it seems the time is right to make a bolder step. It could be this is on home turf and you are confident you know enough about your operation to make a big step up; it may be in a new geography, but business is business the world over and you are down the track on establishing new relationships. The supply chain has worked pretty well to date and any issues have been jumped on and solved. What could go wrong?
Taking a systematic, structured approach to understanding how ways of working and organisational designs drive operational results will allow your business to manage trade-offs, identify opportunities and prioritise actions. It provides a vital starting point for:
1. Monitoring performance and aligning teams on key activities;
2. Establishing a transformation programme to step-change capabilities;
3. Confirming opportunities and risks as part of due diligence in a growth strategy.
Scaling up operations and the associated supply chain activities are fundamental decisions; the consequences of getting them wrong are always serious and can be fatal to a firm’s competitive capabilities and survival. Capital employed and costs will increase; can these be offset by increased revenues in time? We will consider the 7 C’s that should be focus areas when expanding supply chain operations and how to navigate a path to success.
Plans need to adapt, ever more so when scaling up operations, but there are essential elements that need to be included to increase the chances of success and provide guiderails in a journey to supply chain excellence. The 7 C’s are a great starting point, they are:
1. Capacity;
2. Complexity;
3. Costs;
4. Capital;
5. Culture;
6. Capability;
7. Collaboration.
Source: https://www.globalbankingandfinance.com/gearing-for-growth-how-to-scale-the-supply-chain-for-success/