What is a Supply Chain Ecosystem Plan?
A supply chain ecosystem plan is a strategic plan that outlines strategies and objectives to optimize the entire supply chain ecosystem from suppliers to customers. It is designed to enhance resilience and efficiency, as well as improve customer satisfaction and reduce operational inefficiencies.
What's included in this Supply Chain Ecosystem Plan 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 Supply Chain Ecosystem Plan template for?
This supply chain ecosystem plan template is designed for supply chain teams who want to develop a comprehensive plan to optimize their supply chain operations. It provides a step-by-step guide to help teams define their focus areas, set measurable targets (KPIs), implement related projects, and track progress on their objectives.
1. Define clear examples of your focus areas
A focus area is a broad area of a supply chain that requires attention and strategy. Examples of focus areas include logistics, supplier relationships, customer experience, and performance management. Teams should pick the areas that are most relevant to their supply chain operations.
2. Think about the objectives that could fall under that focus area
Objectives are the goals that teams want to achieve within a focus area. Objectives should be SMART (specific, measurable, achievable, relevant, and time-bound). Teams should think of objectives that will help them improve the focus area and set measurable targets (KPIs) to tackle the objective. Examples of some objectives for the focus area of Optimize Logistics could be: Reduce Operational Inefficiency, and Improve Shipping Speed.
3. Set measurable targets (KPIs) to tackle the objective
KPIs are measurable targets that teams set to track progress on their objectives. They should be specific, achievable, and relevant to the objective. Examples of KPIs could include reducing manual inventory tracking time, increasing visibility of supplier inventory, or decreasing customer response time.
4. Implement related projects to achieve the KPIs
Projects are the actions that teams take to achieve their KPIs. Projects should be designed to support the objectives and KPIs, and should be implemented in a timely manner. Examples of projects could include automating inventory tracking, establishing shared inventory view, or implementing automated delivery tracking.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform is a tool that teams can use to manage their entire strategy. It allows them to monitor progress on their objectives, share insights, and collaborate with stakeholders. With Cascade, teams can see faster results from their strategy and ensure successful execution of their supply chain ecosystem plan.