Process Excellence / Lean / Six Sigma
Supply Chain Operational Excellence is the first pointer of improved performance. Every enterprise with a diverse supply chain regularly updates its playbook and optimizes its processes to stay ahead of the curve. Process Excellence is an ongoing journey and not a destination. In simple terms, it means striving to create a supply chain network that does the best work within the given constraints. Naturally, that involves reducing downtime and wastage as much as possible and an effective disruption mitigation strategy.
Process Excellence is a metric that reflects the improved performance of a supply chain. A network that can eliminate the most unwanted factors from its working will find itself leading the race. Therefore, it is in the best interest of any enterprise to build a lean supply chain network. A thin supply chain network implies how well a supply chain operates in terms of delivering on time and reducing downtime. This is achieved by several measures taken to improve the individual links as well as the overall performance.