{"id":11476,"date":"2020-02-04T16:21:28","date_gmt":"2020-02-04T14:21:28","guid":{"rendered":"https:\/\/www.become.co\/blog\/?p=11476"},"modified":"2020-02-04T16:21:31","modified_gmt":"2020-02-04T14:21:31","slug":"supply-chain-optimization","status":"publish","type":"post","link":"https:\/\/www.become.co\/blog\/supply-chain-optimization\/","title":{"rendered":"How to Achieve Supply Chain Optimization"},"content":{"rendered":"\n\n

Optimization. It\u2019s a word that\u2019s thrown around the business world quite a bit.<\/span><\/p>\n\n

That said, \u2018supply chain optimization\u2019 is one term that you absolutely need to be familiar with if you want to run a successful business.<\/span><\/p>\n\n

Not exactly sure what it is? No problem!<\/span><\/p>\n\n

Get the full scoop on what supply chain optimization is, and why it\u2019s important to your business\u2019s health & stability, just below.<\/span><\/p>\n\n

What is a supply chain?<\/span><\/h2>\n\n

A <\/span>supply chain<\/span><\/a> is \u201ca network between a company and its suppliers to produce and distribute a specific product to the final buyer.\u201d<\/span><\/p>\n\n

The goal of any supply chain is, as the definition points out, to get the product into the hands of a consumer. But that\u2019s just the basic idea.<\/span><\/p>\n\n

If you look closely, there are noticeable differences between a well-thought-out supply chain model and a supply chain design that\u2019s been hashed together without much careful planning.<\/span><\/p>\n\n

That\u2019s where supply chain <\/span>optimization <\/b>comes in. Unfamiliar with the concept? Keep reading!<\/span><\/p>\n\n

What is supply chain optimization?<\/span><\/h2>\n\n

Supply chain optimization is, as the term suggests, the act of making improvements to your supply chain in order to cut costs, raise profits, and keep customers happy.<\/span><\/p>\n\n

If your supply chain network is successful at giving your customers what they want when they want it, then you\u2019ve got a solid foundation set. The next step is to reassess your supply chain design to see where expenses can be trimmed down without sacrificing the <\/span>customer experience<\/span><\/a>.<\/span><\/p>\n\n

The end goal is to have a supply chain optimization model that achieves customer satisfaction at the lowest possible cost to your business. Supply chain optimization can be achieved by addressing a number of factors, including:<\/span><\/p>\n\n