10 key attributes of an effective supply chain

Transparency – supply chain processes and procedures should be transparent to all stakeholders. The higher the visibility, the easier it is to identify problems in the system
Speed – determine the speed of each process and procedure in the supply chain and assess how to improve on it. Benchmarking can play an important role here
Collaboration – sharing of information and key learnings among supply chain partners can drastically improve your supply chain
Trust – sharing of information and knowledge will lead to improved partnerships and trust
Consumer orientated – the consumer needs should always be the focus point of any supply chain system
Flexibility – a rigid supply chain system can not respond to market changes
Variability – a one size fits all solution is highly unlikely to work for all channels and customers segments
Ongoing assessmentРsupply chains are not static and consumer and retail trends need to be evaluated on a regular basis
Patience – all newly implemented systems require a patient approach as changes are unlikely to yield immediate results
Detailed approach – the devil is in the detail as small changes can have an enormous impact on your business

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