Pompt 6; Why Supply Chain Matters

I was curious on how much a companies supply chain matters to their overall success. After researching supply chain for a few weeks I have learned that a companies supply chain should be directly proportional to how successful they are. In order to prove that, I found a website that gives seven reason why supply chain matters to a business' success and ways to have a successful supply chain. That website can be found here.

The article states, "the success of your business is inextricably linked to the performance of your supply chain". This meaning, you cannot have a successful business without having a strong supply chain. A survey in 2014 found that seventy-nine percent of companies with a high-performing supply chain had a higher revenue than they were expected to have. With this in mind, a company needs to make sure that they have a strong supply chain. If they do not, then their company will struggle and possibly be shut down. Putting effort into your supply chain will determine how well your company can run and move forward.

There are many things a company can do to have a successful supply chain. One way is to find a strategy that works for your company; one that will move products smoothly and efficiently. A companies supply chain has to support what your overall business is trying to succeed, they cannot be two separate strategies. Having one goal for your overall company will help communication run smoothly throughout the supply chain.

One of the most important aspects of having a successful supply chain is its customer service. When it comes to supply chain, the customer has to be the number one priority. There are many similar companies out there, so you have to win over customers and prove that your company is the better option. Then, once you gain the trust of customers, you have to be able to keep that trust by making sure they are satisfied. If the customer is not satisfied, then they will judge the overall company. Just other way how the supply chain matters to the overall company.

This article give many arguments on how a companies supply chain directly affects the overall company. I found myself agreeing with all of the points they made. A supply chain can be considered the base of your company. It brings in customers, buys raw material, and moves the products you are selling. If your company fails to do any of these things, then you will not be able to compete with a company that is able to do all of these things. All in all, a companies supply chain is one of the most important aspects of that companies success.

-Jarrod Lincoln