PRICESMART
Collaboration across cross-functional teams ensures that supply chain strategies align with broader business objectives , driving innovation and cohesive execution . Continuous improvement remains central to the approach , with regular assessments and adjustments to enhance efficiency and responsiveness .
“ This comprehensive strategy ensures our supply chain not only meets but exceeds the dynamic needs of our members , maintaining a competitive edge in the market ,” Vishwanath says .
These ideas do not exist in a vacuum , as the supply chain strategy is often put under the stress of scenario planning to allow the business to anticipate an array of potential future conditions and uncover the sort of impact it would have on operations .
“Effective supply chain design is key to achieving agility , allowing organisations to be proactive rather than reactive , with the ability to quickly adjust and strategically respond ”
VISHWANATH KRISHNAMOORTHY AVP , GLOBAL LOGISTICS , PLANNING , PROCESS AND OPTIMISATION , PRICESMART
“ By modelling different scenarios , we can understand the upstream and downstream effects of decisions before implementation , identify potential vulnerabilities and evaluate the resilience of our supply chain ,” Vishwanath says “ This proactive approach helps us design networks that support our growth objectives , whether it ’ s opening new clubs or distribution centres , centralising operations , or changing vendors and flows . Additionally , scenario planning aids in developing effective contingency plans for disruptions or shifts in demand , ensuring that we make informed decisions and maintain operational continuity even in the face of uncertainties , both anticipated and unforeseen .”
238 October 2024