News Blog

10 Jan 2018 | Filed under: Cost Management | Tagged: ,

Making supply chain management central to your business.

In this globalised world, supply chains are often large, sprawling operations linking more than one country. This can make them tricky to manage and yet, the success of your business is inextricably linked to the performance of your supply chain.

Working with overseas suppliers is a crucial way of cutting costs but maintaining control from a distance can be challenging. This is why your business should put in place a specific supply chain management plan, overseen by someone with relevant skills. The same skill and dedication is required to manage a supply chain as is needed to run a business.

  • Communication is key to ensure collaborative working. Keeping in touch minimises uncertainty. Your supply is only as strong as its weakest link.
  • Customer service should be a pivotal consideration in the supply chain management plan as the customer’s experience and overall perception of the business can be damaged by delays, inventory shortages and poor-quality goods.
  • Strategic planning for the business needs to be aligned with the supply chain strategy as the two things are so closely linked.
  • Change management skills are important to enable redesign of the supply chain where necessary.
  • Financial acumen is key to identifying opportunities for savings, linking the supply chain to revenue growth and analysing the cost of meeting demand.

Poor supply chain performance is frequently cited as a cause for business failure and yet is routinely given less strategic attention than other areas of the company. Make your business stronger by giving supply chain management the focus it requires.

If you would like to explore what opportunities may exist – then contact me for an initial discussion.

Paul Strachan M. 07793 447961 T. 01307 460667 E. paul.strachan@auditel.co.uk

Comments are closed.