Supply chain agility is an increasingly important concept for businesses that wish to maintain or develop a competitive advantage, but many managers do not actually understand what agility means in regards to their supply chain. Even fewer are aware of the specific areas that they can improve in order to increase the agility of their own supply chain.
Determining the ideal product portfolio is an important component to the success of any Sales and Operations Planning (S&OP) strategy. Many product portfolios are significantly under-optimized, with businesses offering products that have net-negative effects on important metrics like costs, market share, cash flow and profit margins. Others fail to introduce products that would end up improving these same metrics.