On this date, nearly all
manufacturing processes are automated. Through the economic choices to
manufacture, all of your products are extensively available. The main success
element of a business is based on the competitiveness and efficiency of its
supply chain network. Supply chain management plays out a very important role
in determining the sustainability of a business. Supply chain components such
as warehouse layout, inventory norms, processes, vendor management and
logistics network are key business components that drive your customer's
gratification rate. Now, managing these actors in-house might seem a more
affordable idea, however that requires special set of expertise and tons of
resources in every field. Having the services of an experienced supply chain
consultants retailed expedites the optimization process. This as well helps
your business identify the best-fit solutions. Right from supply chain design
to the process optimization, a supply chain consultant is able to assure you of
the perfect solutions for your business' needs.
Group50's supply chain management
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Group50's supply chain
consultants have been managing supply chains of all available sizes, e.g. from
$20M dollars company to $4B dollars company, we have used our unique
methodologies to assess the effectiveness of your business. Business are
supposed to be effective at defining services, designing products, acquiring
resources, materials and also forecasting, along with buying and delivering
products and services to their customers. And, all this should be done at lower
costs year in and out supply chain optimization is attained by concentrating on
the essential elements, such as upstream/downstream, value, distribution,
cashflow, inventory, information and logistics.
All these elements are entwined
and the plan for an optimized supply chain will be driven by:
·
Strategic Objectives
·
Market Value Drivers
·
Business Life Cycle
·
Vendor Participation and Commitments
·
Key Performance Indicators
·
Quality
·
Total Cost of Ownership
·
Strategic Sourcing
·
Distribution Cost and Effectiveness
What does Group50's supply chain
playbook hold?
Group50 has composed a supply
chain playbook that could be used by all supply chain professionals in order to
recognize the activities that ensure the most immediate and highest return on
investments.
Using the aforementioned
directional indicators, Group50 and team implement projects in the areas as
follows:
·
Supply Chain Modeling
·
Sales, Inventory and Operational Planning (SIOP)
·
Purchasing
·
Vendor Rationalization
·
Product Rationalization
·
Distribution System Redesign
·
Changes in Technology
·
Technology Optimization
·
Cost Reduction Programs
·
Logistics Optimization
·
Kanban
·
Inventory Reduction Programs
·
Vendor Managed Inventory
·
Vendor Scorecards
·
Plant and DC Rationalization
·
Off-Shoring and On-Shoring
When we are to optimize a supply
chain, it's imperative to understand the current strategic and operating gaps
in your business, your vendors as well as customers. Group50 supply chain consultants will provide you strategic sourcing services and will also design
and implement optimized supply chains in your business as a result of our
experience and knowledge of best practices.
The very first step is to
comprehend how well your supply chain is performing through supply chain
effectiveness assessment or distribution assessment. From this point only, our
team will be working with the senior leadership team for developing an
optimization roadmap and implementing a continued improvement program that will
surely produce 5-10% of cost improvements, minimized working capital requisites
and minimized lead times year after year.
