Developing a solid supply chain strategy is essential for companies to succeed. But what is supply chain strategy and how can you develop one that meets the needs of your company?

What Is Supply Chain Strategy?

Supply chain strategy is often confused with supply chain management, but in reality they are different beasts. Supply chain management is the management of supply chain activities with the aim of maximising customer value and achieving a sustainable competitive advantage.

Supply chain strategy is much broader. It’s a formal written plan, covering multiple years, that defines how a chain needs to operate in order for the company to be competitive.