Samer
El Bizri
Blog Post
Ways to Improve Efficiency of Supply Chain Solutions
- By Fred J. Brown
- •
- 01 Dec, 2017
- •
The success or failure of any business depends on the efficiency with which it handles it supply chain. As a business owner, if you are planning for exponential business growth, then you will need to look for ways to enhance the efficiency level of your supply chain solutions. Some of them discussed by Samer El Bizri
are mentioned below:
Effective Customer Relationship
Companies that experience long-term growth are adept in segmenting their products and customers and come up with supply chain solutions for each of them. It can help you to remove a large part of your inventory and improve on-shelf availability.
Integration of Business Process
One of the biggest concerns of logistics companies is functional silos that exist and have an impact on supply chain performance. One of the best ways of removing them is through the integration of logistics and purchasing. Though are traditional functions in supply chain management, recent research has shown that the alignment of these two can raise the efficiency level to a great extent.
Creation of collaborative relationships
A favorable collaboration between a client and shipment company can be rare, but can ensure excellent results. Organizations that collaborate with their suppliers witness a remarkable increase in revenue. Their product availability will rise, inventory will be reduced and logistics costs will come down to a great extent.
Segmentation of supply base
In order to detect the right partners, you need to have a good idea of segmenting suppliers. One common mistake which is made by most organizations is that they follow a traditional method for segmenting their suppliers. You need to segment them in a number of ways, based on various criteria.
Integration of sales, operations, and finance
To enhance the efficiency level of supply chain solutions, you will need to integrate what your sales plans sell, what operations plans create and what finance has predicted into a single, workable plan. Effective sales and operations planning will help you maintain a perfect balance between client demand, productive capacity and financial performance of your business.
Demand Management
No client buys a stock of a company because of its ability to predict. However, enhancing the predictive accuracy and integration of demand and supply chain functions can ensure higher revenue, lower costs, and working capital. Leading companies are making use of big data and following new approaches for making better predictions of demand.
Track performance of supply chain partners
The failure of a major supplier may have an adverse impact on your performance and affect revenue. To ensure that such a situation doesn't arise, you will need to monitor the performance of your suppliers on a regular basis. To ensure that your supply network functions efficiently, you will need to have a proper system to measure, enhance and if needed, replace partners.
Management of Talent
Talent management is the major requirement for raising the efficiency level of your supply chain. Major areas that you will need to focus on for hiring the best talents include technical proficiency, global orientation, and leadership skills.
Samer El Bizri is CEO of the Zeconomy, Inc. based in New York which provides help in supply chain management and enterprise software. With Zeconomy, Samer El Bizri is solving liquidity needs and reducing compounded costs throughout the supply chain.
For more reading, please visit here: http://samerelbizri.bcz.com/
Effective Customer Relationship
Companies that experience long-term growth are adept in segmenting their products and customers and come up with supply chain solutions for each of them. It can help you to remove a large part of your inventory and improve on-shelf availability.
Integration of Business Process
One of the biggest concerns of logistics companies is functional silos that exist and have an impact on supply chain performance. One of the best ways of removing them is through the integration of logistics and purchasing. Though are traditional functions in supply chain management, recent research has shown that the alignment of these two can raise the efficiency level to a great extent.
Creation of collaborative relationships
A favorable collaboration between a client and shipment company can be rare, but can ensure excellent results. Organizations that collaborate with their suppliers witness a remarkable increase in revenue. Their product availability will rise, inventory will be reduced and logistics costs will come down to a great extent.
Segmentation of supply base
In order to detect the right partners, you need to have a good idea of segmenting suppliers. One common mistake which is made by most organizations is that they follow a traditional method for segmenting their suppliers. You need to segment them in a number of ways, based on various criteria.
Integration of sales, operations, and finance
To enhance the efficiency level of supply chain solutions, you will need to integrate what your sales plans sell, what operations plans create and what finance has predicted into a single, workable plan. Effective sales and operations planning will help you maintain a perfect balance between client demand, productive capacity and financial performance of your business.
Demand Management
No client buys a stock of a company because of its ability to predict. However, enhancing the predictive accuracy and integration of demand and supply chain functions can ensure higher revenue, lower costs, and working capital. Leading companies are making use of big data and following new approaches for making better predictions of demand.
Track performance of supply chain partners
The failure of a major supplier may have an adverse impact on your performance and affect revenue. To ensure that such a situation doesn't arise, you will need to monitor the performance of your suppliers on a regular basis. To ensure that your supply network functions efficiently, you will need to have a proper system to measure, enhance and if needed, replace partners.
Management of Talent
Talent management is the major requirement for raising the efficiency level of your supply chain. Major areas that you will need to focus on for hiring the best talents include technical proficiency, global orientation, and leadership skills.
Samer El Bizri is CEO of the Zeconomy, Inc. based in New York which provides help in supply chain management and enterprise software. With Zeconomy, Samer El Bizri is solving liquidity needs and reducing compounded costs throughout the supply chain.
For more reading, please visit here: http://samerelbizri.bcz.com/
