Supply chain management – Integrating intricate and dynamic supply and demand network

Supply chain and its effective management is extremely crucial factor for the success of any business. It acts as a bloodline of any business and especially that are into manufacturing of any product. Supply chain management is all about the effective utilization of business resources for the reduction of costs associated and maximizing the added value. This has become a necessity and effective tool for organizations to compete effectively no matter they are operating at local level or global scale. SCM is a coordinated network of multiple processes, activities, people, information and resources for turning raw materials into finished products and then delivering them to the end users. It helps in integrating intricate and dynamic supply and demand management.

Group50, a renowned supply chain consulting firm has effectively managed supply chains of all sizes from $20M to $4B. They use various methodologies and understand companies need to be effective at designing products, defining services, forecasting, acquiring materials and resources, purchasing and delivering those products and services to their customers. And they need to do it with lower cost year in and year out. Supply chain management is achieved by focusing on the key elements such as upstream, cash flow, inventory, logistics, value, information, distribution, downstream. Optimization occurs when all these elements are driving increased profits, minimal working capital and shorter lead times.

Nowadays, the business environment has become more competitive than ever before. For this, companies need to focus on their core competencies to distinguish it and stand out amongst other business competitors in the market. They need to rethink about their objectives and divert the resources. In this case, the companies can focus on the tasks that they are best at and outsource the processes that do not lie in their core competency and do not contribute towards the overall objective of the business. In this dominating and competitive business scenario, this has become the best way for companies to thrive and succeed. Supply chain management not only impacts the company’s position in the market but also assist in taking effective strategic decisions for choosing the right manpower, resources and partners.

With a properly implemented supply chain management system, the competitive areas of a business can be used to the optimum advantage. Through effective communication between all the channels and stakeholders, fulfillment of orders is ensured. Logistics is enhanced, transportation costs are decreased and production processes run smoothly. Supply chain management eliminates the chances of delays happening earlier due to ordering and transportation. SCM also makes the company more agile in its strategies, making them respond to unforeseen situations in a better and enhanced way.

Group50, a leading supply chain consulting company 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. They 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 requirements and reduced lead times year over year.