Ways to Add Value to Your Supply Chain
Introduction ď ˝
Supply chain" virtually universally encompass the following three functions: supply of materials to a manufacturer; ii. the manufacturing process; and, iii. the distribution of finished goods through a network of distributors and retailers to a final customer. Companies involved in various stages of this process are linked to each other through a supply chain.
Ways to Add Value to Your Supply Chain
Enhance customization capabilities Better manage inventory Reduce number of suppliers Control labor costs Reduce number of suppliers Ensure continuous improvement
Enhance Customization Capabilities ď ˝
From building gift baskets to creating twin-packs, valueadded services help to give your customers more buying choices.
Better Manage Inventory ď ˝
With the ability to customize products, you’re able to stock fewer SKUs, thereby reducing the cost of carrying and managing inventory.
Reduce Number of Suppliers ď ˝
By asking your existing partners to perform more valueadded functions, you can reduce your number of suppliers and streamline your supply chain. Even materials like cardboard for displays can be shipped to a 3PL to be built and sent out with customer orders – eliminating a step in the process.
Control Labor Costs ď ˝
With automated solutions and careful review of supply chain processes, value-added services can help to eliminate downtime and reduce the number of touches required in the packaging process – ultimately saving money on labor.
Reduce Number of Suppliers ď ˝
By asking your existing partners to perform more valueadded functions, you can reduce your number of suppliers and streamline your supply chain. Even materials like cardboard for displays can be shipped to a 3PL to be built and sent out with customer orders – eliminating a step in the process.
Ensure Continuous Improvement ď ˝
Your 3PL can assist with process reengineering, packaging needs assessment, component purchasing, and supplier evaluation to ensure that value-added services are delivering what customers demand.
Manage Transportation Costs ď ˝
The closer packaging facilities are to manufacturing operations, distribution centers or end destinations, the more cost effectively products can be transported.
Who I Am‌ ď ˝
Sam Bizri is a successful businessman who provides the help in executive management and cross-functional team leadership.