How can supply chain management contribute to a business's overall profitability?

A business can effectively leverage its local supply chains by building strong relationships with key suppliers, reducing transportation time by sourcing locally or regionally, and integrating technology for better visibility and management. In times of crisis, the ability to negotiate and collaborate with suppliers is crucial. Local and regional distribution can still provide global reach and planning. It's also important to find providers who can manage and execute a supply chain on the local level.

Some potential challenges in integrating technology into supply chain management include ensuring data security, managing the cost of new technology, training staff to use the technology effectively, ensuring compatibility with existing systems, and dealing with potential resistance to change from employees. It's also important to ensure that the technology is scalable and can adapt to changes in the business environment.

Visibility into employee behavior can improve supply chain operations by providing insights into how employees interact with the supply chain process. This can help identify inefficiencies, bottlenecks, or areas of potential improvement. It can also help in understanding how employees respond to crises and adapt to changes, which is crucial for effective crisis management and supply chain resilience. Furthermore, it can foster a culture of accountability and continuous improvement, as employees know their actions are being monitored and evaluated.