POSTS TAGGED : supply chain management

5 Tips to Achieving Successful Supply Chain Management

Having a successful supply chain can make or break your organization’s success despite the size. According to a study by Deloitte, 79% of companies with high-performing supply chains achieve revenue growth that is above average for their industry. To achieve success, consider implementing these five essential tips:

Supply Chain Management

photo credit: Delphinmedia / Pixabay

1.   Establish Clear Goals and Objectives

With a roadmap, your supply chain can quickly become efficient and manageable. Identify what you aim to achieve through your supply chain. Your goals and objectives should be aligned with your overall business strategy to prioritize your supply chain initiatives and allocate resources effectively.…

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5 Steps to Mitigate Risk in Your Supply Chain for Small Business Owners

Running a small business isn’t without risk. However, there are measures you can take to reduce some risks. This includes your supply chain. Following these suggestions for mitigating risk in your supply chain can help you achieve a smoother business, even when things don’t go as planned.

Supply chain risk mitigation

1. Conduct a Risk Assessment in Your Supply Chain Operations

You probably carry out risk assessments in other parts of your business, so do the same with your supply chain operations makes sense. Conducting a risk assessment will highlight the problems you might face with your supply chain in the near and more distant future.…

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4 Supply Chain Strategies for Your Business

As a result of recent disruptions in the supply chain industry — such as the pandemic and transportation issues — many business owners have begun to take a deeper interest in supply chains. This comes as no surprise, as supply chains can have a massive impact on a business owner’s ability to run their operations smoothly.

Supply chain strategy

While being familiar with supply chain management and why it’s important can be a great start, business owners who are serious about succeeding in today’s changing business landscape can benefit from implementing certain supply chain strategies.

Here are four supply chain strategies to improve your business practices.…

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How to Prepare Your Supply Chain for The Impact of The Coronavirus

In the current situation, when the situation with the coronavirus infection is changing so quickly: the growth of diseases is increasing and then falling, new strains appear almost every month; it is very difficult to control the supply chain and be ready to cope with all possible consequences.

Global pandemic map

Certainly, every company that sells goods needs to have a clear emergency plan and escape routes. However, this disaster is not a short moment, and no one knows when it will all end.

Still, you can think over some actions in advance, analyze the results of 2020 and half of 2021 and understand how to act, especially if another powerful collapse comes along.…

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5 Simple Steps to a More Sustainable Supply Chain

Recent years have seen businesses under pressure to prioritise sustainability. Environmental awareness is on the rise, and consumers, investors and stakeholders have started to favour organisations with sustainability at the heart of their supply chain. People want to support businesses that protect the environment and treat workers well — they want to make ethical purchasing decisions.

Sustainable supply chain

By making sure your supply chain is sustainable and ethical, and by minimising the negative impact your business has on the environment and society, you’ll unlock a range of business benefits.…

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5 Logistics Management Tips for Small and Medium-sized Business

When done right, supply chain and logistics management can be a harmonious symphony of vendors, trucks and warehouses. All parts work together to ensure the product is delivered undamaged, on time and to the customer’s satisfaction.

Logistics

On the other hand, an incoherent, poorly planned and ineffective supply chain can potentially deal a fatal blow to the average small and medium-sized business (SMB). Products lost in transit, sent to the wrong location and unexplained charges on customer receipts can all cause angst that’s strong enough to push customers to the competition.

The following logistics management tips are an essential read for SMB owners.…

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Streamlining Supply Chain Management: Perfecting Your Purchase to Pay Processes

Supply chain management is the lifeblood of any business: without a proper, streamlined supply chain, your company risks being left without the proper tools it needs to get things done. If you already have a great supply chain, then you are ahead of the game. If your supply chain isn’t as efficient as you’d like it to be, it’s time to fix it quickly.

Supply Chain Management - SCM

There are many points where problems can arise along the supply chain, but one of the most common areas that managers can look at to create more efficiency is the purchase to pay process (P2P). Streamlining your invoicing procedures will not only ensure that your company always has what it needs, but it will allow you to collect your money — or pay your bills — quickly.…

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Supply Chain Management: Benefits to Outsourcing and What to Look For

Outsourcing… to many small business owners and startups, the term outsourcing essentially means expense. While it is true that outsourcing various tasks will result in some type of expense, in many instances, the return on investment makes the initial costs worthwhile.

Supply Chain Management

Though there are some responsibilities that can easily be handled in house, there are others that are best left to companies and professionals who have the experience and means to get the job done in a more effective manner – such as supply chain management. An experienced third-party logistics or 3PL provider can deliver the best distribution services so your customers are always satisfied and will always come back.…

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