Total Cost of Supply Chain Planning

Supply chain planning begins with a solid understanding of organizational and business strategy and then translating that strategy into the full spectrum of supply chain planning activities (e.g., network optimization, setting standard operating procedures, conducting sales and operations planning, defining outsourcing policies, and assessing supply risk). This article looks at the total cost for this critical supply chain process group using data from APQC's Open Standards Benchmarking® in Supply Chain Planning.