Supply Chain Digital Magazine October 2024 | Page 237

PRICESMART
Vishwanath adds : “ Through these strategies , we not only build a resilient supply chain but also ensure it thrives during challenging times , ultimately supporting our mission to deliver exceptional value and service to our members .”
What does an optimal supply chain look like ? At PriceSmart , optimising the supply chain is about achieving the perfect balance between cost , efficiency , speed and service . This is done by enhancing the network design to be robust , scalable and sustainable , refining logistics networks and transportation strategies to reduce costs while improving service levels .
Advanced analytics and real-time dashboards are crucial tools , offering critical insights into performance and helping PriceSmart align operations with market demands . The integration of technology such as Relex for

“ Technology and innovation are integral to driving continuous improvement , supporting growth and achieving our strategic objectives ”

VISHWANATH KRISHNAMOORTHY AVP , GLOBAL LOGISTICS , PLANNING , PROCESS AND OPTIMISATION , PRICESMART
forecasting and Coupa for expanded modelling capabilities streamlines processes and improves decision-making .
Sustainability is a key focus , with efforts to minimise waste and reduce the carbon footprint . The company ’ s digital platform is also a key area for providing members with greater convenience and optionality .
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