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How to Make Best Business Case for Supply Chain Investments?

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How to Make Best Business Case for Supply Chain Investments?

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  1. How to Make Best Business Case for Supply Chain Investments?

  2. 1. Clear Strategic Objectives You should ensure to clarify the strategic objectives of your company before the senior leadership. This will help them to decide from where the supplies have to be obtained.

  3. 2. Supporting these Objectives You need to support your strategic objectives. This will help to classify strategic customers for your products. The business case so formed will focus on the supplies needed for that group of strategic customers.

  4. 3. Analyse to Form a Plan Your business case will be appreciated if it tends to reduce the inventory and improve employee productivity. But your business case should be supported by thorough analysis and suitable evidences to prove your point.

  5. 4. Competing Projects There may be other projects running besides your business case in the company. Your business case will be considered in a better tone if it has a plan to work synergistically with other running projects.

  6. 5. Understanding Stake-Holders Before presenting your business case, you should have thoroughly analyzed your stake-holders and their buy-ins. This will help you to present your viewpoints strongly in order to convince management to invest in the supply chain.

  7. 6. Be Confident: • You must realize that you are the owner of this business case in spite of the fact that your management has hired external consultants to help you build your business case. The consultant will not be signing the business case at the end of the day.

  8. 7. Measure the Value • The value of the business case is in its successful execution to achieve the objectives it has laid down. Most business cases fail as they are more hypothetical rather than being practical.

  9. THANKS! Any questions? You can find me at: assignmenthelp@bookmyessay.com https://www.bookmyessay.com/ Follow us on: +Bookmyessays Book_My_Essay BookMyEssay

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