223 shortfalls in vital stocks for manufacturing . “ You ’ ve got the challenge of generating demand for a particular product , having a proper strategy in place to support that demand , and ensuring the cost of the product still makes sense for it to be developed , manufactured and sold in Australia . An excellent storage strategy needs to be in place and maintained through Order Pattern Method , Reorder Point Process Method and Control Rhythm Method .”
Technology is increasingly providing the answers , with data-driven insights making this balancing act far less challenging to maintain , but the importance of robust strategies cannot be overstated .
For Darodkar , effective relationships with vendors and employees are among the most potent tools a supply chain executive can access . He says it is important to remember that “ everyone ’ s in this business to make money ”, and that holding this reality at the front of his mind when managing vendor relationships is vital to striking the balance between cost and quality . “ The more you squeeze on cost , the more
asia
. businesschief . com