Resources 5 Reasons Why Supply Chain Mapping is Important
The results of a Deloitte survey states that “76% of companies are now relying on digital supply chain tools for increased visibility into their supply chain, as one of their top risk mitigation strategies. A lack of transparency can impact its supplier relationships, operational efficiency, risk management and sustainability performance.” Certainly, digital tools can help, as the pressure to communicate ESG progress mounts.
Supply chain mapping is critical for businesses that want to understand and optimize their supply chain operations. It involves identifying, analyzing and understanding all of the steps involved in the production and distribution of goods and services, from extraction of raw materials to delivery to the end customers. It also includes the flow of information from suppliers to customers. By mapping out the entire supply chain, businesses can identify bottlenecks, risks and opportunities for improvement.
Supply chain mapping is important for businesses for several reasons:
As you can see, mapping your supply chain carries with it many benefits. We’d love to assist you in making these benefits work to your company’s advantage. Contact us for more information.
Head of Sales for CleanChain, is an expert in the maximization of profit for companies through the use of ESG tools, data technology and impact sourcing. He was an entrepreneur and worked as director of sales for multiple businesses prior to joining ADEC Innovations.
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