oboloo Glossary

Strategic Planning In Supply Chain Management

oboloo Glossary

Strategic Planning In Supply Chain Management

The official business definition of Strategic Planning in Supply Chain Management is the process of analyzing and evaluating an organization’s current supply chain and then developing a plan to optimize it for the future. This plan should be designed to improve the efficiency, effectiveness, and cost-effectiveness of the supply chain while also taking into account the company’s overall business goals and objectives. Strategic Planning in Supply Chain Management involves analyzing the current supply chain to identify areas of improvement, setting goals and objectives, developing strategies to achieve those goals, and implementing the strategies. It also includes monitoring and evaluating the progress of the plan and making adjustments as needed. Strategic Planning in Supply Chain Management is an essential part of any successful business and can help organizations maximize their efficiency and profitability.