Supply Chain Optimization Process
The supply chain optimization process can be a tedious one and that can be daunting if you're new to it. There's loads of data to gather and analyze before you can make a solid decision about what's worth improving now to make the most impact. There are many moving parts and you can see why having a consulting service at your side can be so beneficial. Below you'll see two ways that you can optimize your supply chain.
Persistently checking stock levels occupies an excessive amount of time. More up-to-date ERP frameworks with Supply Chain Management (SCM) find it useful to have an integrated system that reorders. This implies that the ERP programming can be customized to automatically set orders with merchants when stock inventory levels dip under a specific level. Programmed buying will let allow time for other tasks that need focus or improvement. This is a very technical process so you'll need to speak with your IT department and ERP provider to assist you with setting this up. Once you do set this up you'll wonder how you ever did without it.
2. Standard Operating Procedures
Within all business processes there will be nuances that arise and deviate from the standards. This is ok and happens, the point of standard operating procedures is to create an actionable solution to the desired end goal. Sometimes that means reinventing your process to account for nuances that haven't been addressed. Conduct surveys to find out from employees what barriers they are facing and from this data determine what problem you want to tackle first based on cost savings and performance impact, these two indicators will give you a massive insight into your operating cost. Before implementing network-wide be sure to test a node or small group to address issues on a smaller scale.
Hopefully, this information will serve you well and help your business run a smoother operation. There are many professionals out there dealing with operating, marketing, cost, implementation, or other project barriers but here at JMHG.in, we want to help make it simple.
Which strategy are you more likely to implement right away?
- Automated Ordering
- Standard Operating Procedures
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