The Best Supply Chain Strategy for Your Startup

Very few startup companies plan a great supply chain strategy. It is amazing to me that some founders over look this very important process at the onset of launching a successful business. Only 39% of businesses have a documented supply chain strategy. 65% of business owners believe that supply chain does affect the performance of their business.

What can happen if a startup doesn’t have an excellent supply chain strategy?

The ripple effect of having a poorly managed supply chain can create a wealth of problems. Three of the main problems startups encounter from their suppliers are:

1. Poor Quality
2. Bad Pricing
3. Late Deliveries from Suppliers

In order to successfully address each of the three major problems in the supply chain, startup founders need to learn how to setup the supply chain so that when problems arise, they can be solved quickly and efficiently. This will ensure that your business can run smoothly and profitably.

Major Keys to Mapping Out a Successful Supply Chain Strategy

1. Procurement Team — Create a procurement committee or supply chain council that includes all levels of management…