What's inside Chapter 3 of the Supply Chain Revolution? It's all about Mastering the Fundamentals!

Mastering the Fundamentals

The Bedrock of Supply Chain Management

Introduction to Mastering SCM Fundamentals

• Bridge the gap between the classroom and application
• Master the fundamentals before moving on:
  • Inventory Accuracy
  • Purchase Order Acknowledgements
  • Etc.
• Learning the importance of crawling, walking and running.

Art Koch's Three "Fs" of Supply Chain Management

• The "Three Fs" model: People and Process Foundation, Structural Framework, and Financial Focal Point.
• The model serves as a closed-loop problem resolution to apply the plan-do-check-act process effectively.

Transforming SCM with Advanced Training and Core Competencies

• The importance of a rock-solid foundation in achieving long-term success in supply chain management.
• The significance of ongoing training and education in SCM to handle more complex challenges.
• The critical role of professionalism in SCM for achieving strategic objectives and sustainable improvements.

Real-World Application and Success Stories

• When getting the fundamentals right you will look like a genius.
• Avoid chasing "silver bullet" solutions.

Call to Action: Implementing SCM Excellence

• Evaluation of the functional foundation:

1. Are the relevant few KPIs in place?
2. Are the functions siloed or do they "play" well together?
3. Is SCM considered procurement, a singular department? Or a philosophical mission led by degreed professionals within various operational functions?
4. Etc.