Why Supply Chain Management is an essential aspect for any business success? The supply chain is a complex mix of activities that is focused on cost effectively delivering products or services. Often supply chain is associated with manufacturing and distribution companies but every manufacturing consulting company is in business to provide a product or service to its customers. It isn’t noticed much when it is running well but when it goes wrong, the whole business suffers. Supply Chain Management acts as a digital and automated integration which coordinates all the elements of supply chain. It enables in addressing all the complexities of the global supply chains. This enhances the overall business efficiency by optimizing the flow of information, inventory and finances. It offers increased visibility and transparency, which makes organizations a lot more responsive. Companies become competent in responding quickly to the changes and making most out of the emerging opportunities. Group50, a leading Supply Chain Management Consulting firm has managed supply chains of all sizes ($20M - $4B). Companies need to be effective at designing products, defining services, forecasting, acquiring materials and resources, purchasing and delivering those products and services to the customers. They understand in order to optimize a supply chain, it is important to find the existing strategic and operating gaps in your company, your vendors and your customers. 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.
Why supply chain optimization becomes important? Increases efficiency With integrated supply chain and logistics, companies are in great position to not only predict the demand but also respond accordingly. It is one of the greatest advantages of optimized supply chains that companies can adjust dynamically to the new markets, shorter product life cycles and changing economies. Improves the cycle time The amount of time taken by the business in completing an entire process is termed as the cycle time. Through supply chain management, the most effective ways of carrying out the various operations are revealed which further improves the cycle time. Decreases costs Supply chain management helps the organizations to identify the most costeffective supplier and distributor channels and in predicting the customers demand. This significantly lowers the amount of inventory on hand and saves a lot on costs. Increases the profit margins When a company adopts new technologies, it brings collaboration into various business aspects. It ultimately results to the increased profit levels for your company. Hire Group50 to carry out an effective Supply Chain Optimization program for your business. The first step they will take is to understand how well your supply chain is doing through their Supply Chain Effectiveness Assessment. From there, the Supply Chain Consultants will work with the senior leadership team to develop an optimization roadmap and implement a continuous improvement program that will generate 5-10% cost improvements, reduced working capital and reduced lead times year over year. Visit us: www.group50.com