Supply chain consulting focus your attention for optimized performance from the perspective of cost and responsiveness For every organization from small to large, properly and effectively managed supply chain is vital to having continued success. On the other hand, poorly managed supply chain restricts businesses from cost effectively and timely delivering the products to the users. Also, an improper supply chain management puts a company in a position to lose funds and resources in areas where it shouldn’t. For a certain level of stability, a continued management of supply chain is required to keep pace with the constantly changing needs of business environment. When the supply chain is running well it isn’t noticed, but when it goes wrong the whole business suffers. Group50, a renowned supply chain consulting firm has managed supply chains of all sizes from $20 M to $4B. They use a set of tools and methodologies in order to assess the effectiveness of their client’s supply chain. They understand companies need to be effective at designing products, defining services, forecasting, acquiring materials and resources, purchasing and delivering those products and services to their customers. And they need to do it with lower cost year in and year out through supply chain optimization. Optimization is achieved by focusing on the key elements such as downstream, value, distribution, logistics, information, inventory, cash flow, upstream. Optimization occurs when all the elements are driving increased profits, minimal working capital and shorter lead times. How effective supply chain management helps a company?
Real time information has become very crucial for the optimized and successful supply chain but sometimes it may also add to supplier costs. Here, comes the role of effective supply chain management to strike the balance between the optimization and supplier costs. It helps bringing a visibility and transparency across various stages of supply chain. With this, suppliers, vendors and customers become more integrated partners that build coordination and trust. With better coordination and working together, all the supply chain parties become less prone to risks and a better generation and distribution of profits. Supply chain management also leads to proper inventory management which translates into inventory led by demand and not expectations. Supply chain effectiveness is like a vehicle that provides optimization of processes, availability of resources and better production cycle. It starts with proper planning which further results to intelligent sourcing, manufacturing and cost effectively delivering the products to the end user. If in case, any problem arises, it can be sorted out with complete flexibility and responsiveness across the channels of supply chain. If your supply chain is not running at its utmost potential, your company will experience losses in a time when it could easily thrive. Managers and executives are asked to restrict this from happening and to keep the company financially stable but they do not have enough knowledge and resources to do it all alone. In such scenario, supply chain consultants can provide tremendous insights and recommendations to make your company’s supply chain run as efficiently as possible. Group50, a well-known supply chain consulting company provides an assessment of what is working and what requires attention within your supply chain. It will also provide a set of short/medium/long term recommendations on where to
focus your attention for optimized performance from the perspective of cost and responsiveness. To know more about supply chain effectiveness assessment, talk to an expert at Group50.