What is a Pull-Based Supply Chain Strategy?
A pull-based supply chain strategy is one that focuses on the customer demand as a primary factor in the production strategy. It involves managing supply networks in a way that allows for just-in-time production and delivery of products, services, and information. This type of strategy is focused on creating an efficient and cost-effective supply chain that can be adapted to constantly changing customer demand.
What's included in this Pull-Based Supply Chain Strategy template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Pull-Based Supply Chain Strategy template for?
The Pull-Based Supply Chain Strategy template is designed to help organizations outline strategies for pull-based supply chain management. It is ideal for companies that need to create and implement a supply chain strategy that is tailored to their customer demand. This template is also beneficial for companies that want to save time and resources when creating a strategy for their supply chain.
1. Define clear examples of your focus areas
Focus areas are the broad themes that will guide the overall strategy. Examples of focus areas might include optimizing inventory management, enhancing supply chain visibility, or improving customer service. Having clearly defined focus areas will ensure that the strategy is comprehensive and well-structured.
2. Think about the objectives that could fall under that focus area
Objectives are the specific goals that need to be achieved in order to reach the focus area. For example, in the focus area of optimizing inventory management, objectives might include streamlining forecasting operations and reducing inventory costs. These objectives should be measurable and achievable.
3. Set measurable targets (KPIs) to tackle the objective
Key Performance Indicators (KPIs) are measurable targets that need to be met in order to achieve the objectives. These targets should be specific, measurable, achievable, relevant, and time-bound (SMART). For example, an objective of reducing inventory costs could have a KPI of decreasing inventory carrying cost with an initial value of 10 and a target value of 5.
4. Implement related projects to achieve the KPIs
Projects, or actions, are the initiatives that need to be completed in order to achieve the KPIs. These initiatives should be specific and time-bound. For example, if the KPI is to increase data accuracy, an action might be to implement an enterprise resource planning (ERP) system. It is important to ensure that the actions proposed are realistic and achievable.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade is a strategy execution platform that helps organizations align their strategies with their operations. Cascade provides an easy-to-use interface to create, track, and manage strategies. It also allows for data-driven decision-making, which can help organizations achieve faster results from their strategies.