Supply chain assessment to evaluate your supply chain based on the ethical, ecological and economical aspects Supply chain is a complex mix of activities that is focused on cost effectively delivering products or services. It refers to the start-to-finish process that involves everything from researching, inventory, logistics, and manufacturing to distributing and delivering the product to the customers. These days, global supply chains are being applied on companies that focus on both domestic and global markets. The measures are almost same to the traditional supply chains such as productivity, efficiency and quality but with the intervention of digital transformation. The global supply chain focuses on the organization’s global interests and suppliers. Effective supply chain management gives the companies a competitive advantage over others and helps in eliminating wastes and reducing the inherent risks. Supply chain management has become extremely vital for the success of any organization across the globe. It incorporates planning and execution of processes to enhance the flow of materials, information and financial capital. It is a critical backbone of any business today and results in greater efficiency, lower costs, and maximized profits. Through supply chain management, the entire supply chain is analyzed in order to identify the changes required to increase efficiency and productivity. It looks at the effectiveness of the operations on a global level which leads to the organization’s economic growth. Supply chain management makes the whole process faster and cheaper. Group50, a leading consulting firm provide supply chain management solutions and have effectively managed supply chains of all sizes ($20M - $4B). Their supply chain consultants understand that companies need to be effective at designing products, defining services, forecasting, acquiring materials and resources, purchasing and delivering the products and services to their customers. And, they need to do it with lower cost year in and year out with supply chain optimization. Their consultants have designed and implemented optimized supply chains in many industries as a result of the experience and knowledge of best practices and an integrated approach to designing and implementing an optimization roadmap.
Association for Supply Chain Management (ASCM) has released the first-of-its-kind guidelines that will enable organizations to evaluate their supply chain based on the ethical, ecological and economical aspects. For this assessment, you can contact a consulting firm for evaluating your organization’s supply chain. A supply chain effectiveness assessment can examine how effective your company’s supply chain is in acquiring materials, moving them through your required value added processes and delivering them to your customers. It also looks at the ability of the current systems and organizations to deliver required business results. This assessment also provides a gap analysis of the supply chain with a perspective to responsiveness, best practices, scalability and sustainability. Group50, a leading supply chain consulting company have experienced team. Their supply chain management consultants will work with the senior leadership team to develop an optimization roadmap and implement a continuous improvement program that will generate 510% cost improvements, reduced working capital requirements and reduced lead times year over year.
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