Could you provide an in-depth analysis, supported by empirical evidence and industry best practices, regarding the most effective strategies pertaining to [e.g., INVENTORY MANAGEMENT/ TRANSPORTATION/ DEMAND FORECASTING] specifically tailored for [e.g., MANUFACTURING/ RETAIL/ DISTRIBUTION] companies? Following this, could you devise an actionable plan, inclusive of step-by-step procedures, potential challenges and mitigation strategies, for implementing these strategies within our existing supply chain network, taking into account our specific operational parameters, resource constraints, and market dynamics?

How can we [e.g., REDUCE/MITIGATE/MANAGE] [e.g., LOGISTIC/OPERATIONAL/SUPPLIER-RELATED] risks in our supply chain? What are the [e.g., POTENTIAL/CONSEQUENTIAL/UNFORESEEN] risks that we need to consider?

What criteria should we consider while selecting [e.g., SUPPLIERS/CARRIERS/WAREHOUSES]? How can we [e.g., EVALUATE/ASSESS/MEASURE] the [e.g., QUALITY/COST-EFFECTIVENESS/TIMELINESS] of their services?

Can you provide insights into the latest [e.g., TECHNOLOGY/TRENDS/INNOVATIONS] in supply chain management for [e.g., GLOBAL/REGIONAL/LOCAL] operations? How can we leverage these advancements to [e.g., STREAMLINE/AUTOMATE/STANDARDIZE] our supply chain processes?

What are the [e.g., PRIMARY/SECONDARY/TERTIARY] factors that contribute to our supply chain costs? Can you suggest [e.g., STRATEGIES/TECHNIQUES/METHODS] to [e.g., OPTIMIZE/REDUCE/MINIMIZE] these costs while ensuring [e.g., CUSTOMER SATISFACTION/QUALITY CONTROL/SUPPLY CHAIN RESILIENCE]?