Supply chain management consultant: Driving your manufacturing business through the profits towards sustainability

 

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 -

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.

Manufacturing And Product Improvement Consulting To Deliver Exceptional Value To Your Business

 Manufacturing, distributing and sourcing products and services are critical processes that a company must master, and should be able to scale them cost-effectively. Companies face the challenge of getting the most out of their manufacturing efforts, but not all of them can afford to hire full-time continuous improvement employees. This is where a product manufacturing consulting firm, like Group50, steps in, that helps manufacturing companies of all sizes in creating or improving their manufacturing processes. A manufacturing consulting company can help improve your core operations, and deliver exceptional value for your investment with reduced costs, improved quality, and delivery.

Group50 product manufacturing consulting firm works with clients to identify gaps in their current product development process, and design world-class processes that suit their needs, utilizing a series of assessments, workshops, and training. The companies using product manufacturing consulting firm’s services would benefit from a product development process that is integrated with product management, elevated product management, and post-sales strategies for every product in their portfolio. The manufacturing consulting company’s expertise in lean manufacturing and supply chain consulting has been instrumental in supporting the client’s product manufacturing journey from start to finish. It utilizes proper tools and methodologies for identifying the areas of waste in an organization by addressing strategic and operating gaps.

Manufacturing planning services provided by Group50 manufacturing consulting company include the below:

Product business feasibility and economics analysis
Design for the manufacturability product design work
Capital and equipment purchase assistance
Process capability validation
Line balance adjustments, and
Validation of process sustainability

Helping you build better products

The product manufacturing consulting firm also helps the clients with its production efficiency services for the development and deployment of Kanban devices to smoothen the process and material movement. A manufacturing consulting company is expert in manufacturing, not necessarily on your specific product, but it will certainly help you in building a better product. It can offer advice on the weaknesses in a design in terms of manufacturing but you will need a design expert to make those changes. The company’s quality management effectiveness assessment offers a comprehensive approach to help you recognize the risks that ultimately affect your quality levels, financial performance, and customer service.

Recognizing and finding effective dealer challenges

Most of the companies face difficulty in recognizing and finding effective dealer challenges. A manufacturing consulting company can identify you with the best dealer for manufacturing that will save you from making incompetent mistakes. They will also provide you with guidance on whether the product should be produced within the country or overseas. It will also help you in expanding your business operations, leveraging their expertise across the functions such as manufacturing, strategies, and dealer development.

Consultants who are experts in all things manufacturing and distribution

Remember that the results are seldom immediate. Services provided by Group50 manufacturing consulting company will take time to provide you with the desired outcomes, as the employees need time to adjust to new procedures. However, the product manufacturing consulting firm’s services should pay for themselves within six months, and you should be able to reap enormous gains with adequate time and effort. Do not go for the lowest consulting engagement, as it will often lead to inferior results. However, consulting should not be too expensive at the same time. Check for the consultant’s credentials. Each of Group50’s consultants has over 20 years of corporate operating experience, and are expert in all things manufacturing and distribution. They have completed projects in over 25 countries, and come from many functional areas including marketing effectiveness, supply chain, mass customization and configuration management, and more.

Building a resilient, blockchain-based supply chain for scalable and sustainable solutions

 Practically every product that reaches an end-user represents a cumulative effort, involving the physical flow of goods and materials, and information flow. This requires the involvement of a supply chain that could take the form of a product-based supply chain, or service-based supply chain. In the product-based supply chain, products are moved across the supply chain to make them available to the customers, while in the service-based supply chain, services come together to offer an overall customer service, as opposed to the finished products.

As blockchain is gaining adoption, large corporations and SMBs are exploring its use outside of the financial services industry, such as supply chains. Blockchain-driven supply chain innovations have the potential to deliver tremendous business value, increasing the transparency of the supply chain, reducing risks, and the overall efficiency of supply chain. A blockchain makes the global supply chain more efficient by allowing companies to complete transactions directly, and without the involvement of any third parties.

An efficient supply chain is important for the fulfilment of customer orders by a company. Effective supply chain management minimizes costs, and wastage of time and production cycle. With efficient supply chain management, companies run the risk of losing customers, and also the competitive edge.

Supply chains are the principal driver of growth

Supply chains can no longer be just an efficient makers and movers of goods, they have now become the principal driver of growth. Resilience of the blockchain is crucial so that it can maintain the ongoing disruptions. Sustainability is another important factor for a supply chain so that it can address the concerns of investors, board members, and the regulators.

A supply chain blockchain can help participants record the location, quality, certification, price, and other details of the movement of products more effectively to manage a supply chain. The immutable and transparent availability of the information and data within the blockchain increases the traceability of the material supply chain, improves visibility and compliance, and lowers losses from the counterfeits and gray market. This approach by Group50’s supply chain consultants creates an immutable chain of custody which is applicable to a wide range of use cases.

Driving transformational change to businesses

Group50 consulting firm recognizes the importance of blockchain for what it is – the disruptive technology that will drive transformational change in a business, both internally and externally. Group50’s permission-based blockchain consultants have created Scioebc plug-and-play permission-based blockchain solution which is built on an IoT platform that gives you the ability to control who has access to your critical data through smart contracts.

Group50’s permission-based blockchain consultants help in building a resilient supply chain that uses smart contracts to automatically trigger when pre-defined business conditions are met. This gives near real-time visibility into the operations, and provides the operators with the ability to take action earlier should an exception arise. Integrated payment solutions by supply chain blockchain consultants reduce the time between ordering and payment processing, ensuring timely delivery of the products.

Permission-based blockchain consultants for your businesses

Group50’s supply chain blockchain consultants have provided their consulting services for a range of business types that have resulted in reduced costs due to automated transactions, and the elimination of intermediaries. Group50’s permission-based blockchain consultants follow a specific methodology for education, planning the use cases, and creating a technology roadmap for its implementation. Group50’s expertise in business process design, organizational design and digital technology, with its unique Scioebc permission-based blockchain, puts it in a unique position to be your permission-based blockchain consultants for adopting and managing this transformative technology that is both sustainable and scalable.

Boost your supply chain efficiency by hiring professional consulting services

Efficient working of the supply chain plays a vital role in boosting the success story of the company. However, it includes various complexities where supply chain consulting firms can help the company to improve and optimize its working process. If you are wondering how supply chain consultants can help in boosting your supply chain then you should read this article. Here we are sharing the key benefits of hiring professional supply chain management consulting services. 

A key advantage of supply chain management consulting 

·         Provide better business visibility 

Supply Chain consulting firms consultants are well-experienced in the industry and allow you to get better insight by fetching crucial data for your business. Also, they are capable of providing quick data processing which is highly important for a business to make an informed decision.

 

• Resolve complicated issue 

Supply chains are intricate, and their complexities can result in the emergence of even more convoluted difficulties. Your in-house team may not have that much experience and skills to address them where hiring supply chain management consulting services proves beneficial for you. The consultant will assess your supply chain and work on achieving the key objectives. It works well in finding the key issues and bringing accurate solutions accordingly. 

 

• Give efficient solutions 

There are different solutions referred to according to several possibilities. Therefore, it becomes difficult to find one solution that brings optimum benefits for the organization. The supply chain consultants are outsiders and provide neutral solutions in different cases. This will reduce the conflict because they may get less resistance as compared to those proposed by the company’s own inquiry team.

 

• Effective implementation of the solution 

The trusted supply chain consultants go beyond the consulting and make recommendations. They put extra effort into assisting their clients to implement effective solutions to get the best results. You can say that when you work with supply chain consultants you don’t need to worry about supply chain efficiency. They take complete responsibility to provide consulting and implement the supply chain in the best way.

 

• Examine solutions on a regular basis

The supply chain consultant will review and evaluate the solution on a regular basis so that they can make change if it is required. They make sure that the company will be able to meet its prime goals. In this way, you can meet the key factors to boost supply chain efficiency.

Group50- A trusted name for supply chain consulting services 

When it comes to finding the trusted Supply Chain Consulting Firm, Group50 is a one-stop solution to accomplish your needs. For optimizing the supply chain process you need to understand its existing strategic and operating gaps in the company, vendors, and customers. Group50 supply chain consultants are highly experienced and provide strategic services to design and implement the optimized supply chain in different verticals of industries. They have also designed a supply chain playbook that prove beneficial to identify the key activities that will bring better ROI. Contact Group50 Supply Chain Consulting Firm to get their services.

 

 

 

Blockchain- To resolve the key issues of supply chain management

In today's scenario, it becomes difficult to manage the supply chain management. It takes days and even weeks in processing the payment between customers and vendors or in suppliers and manufacturers. In this process, contracts are managed by a banker and a lawyer that is again charged extra cost and lead to delays.

 It is a tedious task to track back the suppliers of goods as a result it becomes very difficult to eliminate these defects in the system. To ensure more traceability and transparency in the supply chain it is important to introduce the new technology that is Blockchain. 

 Blockchain can offer more transparency in the supply chain and enable handling the various issues of the supply chain. In this article, we discuss the key issues of the supply chain and how blockchain can resolve them. 

 Key challenges in supply chain

 Previously supply chain was not so complicated but in today scenario businesses are widened globally. In the past, businesses were limited to specific regions as a result thing was transparent and easy to manage. But, the business growth has made things complicated due to the lack of transparency in the system. The key challenges of the supply chain industry:-

• Lack of traceability  

Product traceability will allow you to trace where the product is at the current time in the supply chain. But, every stakeholder maintains their data in the supply chain network that make it difficult to perform predictive monitoring. It is difficult to find what was happened in the different stages of the production. 

• Expensive cost 

Supply chain management includes various stakeholders which will ultimately increase the cost of an entire management system. They also cost a certain amount of fee from the total amount which is again an expense.

 

• Regulatory compliances and documentation  

The supply chain process contains contracts which can be complicated due to change of complicated payment terms, ownership, bill of lading, etc. The lengthy and complicated documents are difficult to execute and modify. 

·         Lack of trust

 People always has a concern that from where the product is manufactured and delivered. Is the product is real or fake? There is a trust issues in the supply chain process because it contains no information about the origin and parties involved in it.

Blockchain to transform supply chain management

 

• Trace provenance:-  the lack of traceability is a key issue that impacts the brand reputation. In blockchain-based supply chain management, it is easy to keep a record, track provenance, and data share because all transactions are saved in blockchain that can’t be altered or deleted. As a result, it is possible to trace the product history from its origin and where it is delivered through the blockchain supply chain. This helps to detect and resolve fraud happen in the supply chain process.

 

• Build trust:- All parties involved in the supply chain need to trust each other. For example, manufacturers are depending on the supplier to meet factory safety and tell everything about using raw materials and sources. In blockchain implemented supply chain, it becomes easy to build trust. Blockchain has immutable nature that prevents the supply chain ecosystem from tampering with data. 

 

• Reducing cost:- with blockchain, it is easy to track the product in a supply chain which will reduce the cost of moving items in the supply chain. The elimination of intermediaries in the supply chain will save extra costs, prevent frauds and reduce the chances of product duplicity. It also enables direct payment processing between two parties rather than depend on centralized systems.

 

• Minimize complexities:- Blockchain has smart contracts which are useful to fix issues related to complicated issues. When any transaction takes place in the system, a smart contract will execute automatically to make actions like transfer of ownership, sending alerts, payments, etc. without any need of an intermediary. Smart contracts are code-based that follow rules which can’t be changed easily. It not only minimizes the complications in the contracts but also provides flexible support to new business models. 

Hire professional supply chain blockchain consulting services

Do you also want to implement the blockchain in your supply chain to get its various benefits? If yes, then you should approach the experienced and trusted supply chain blockchain consulting firm like Group50. It is one of the reliable consulting firms supported by professional blockchain technology consultants who have years of experience in providing private and permissioned blockchain to the organization that only accessed by authorized persons of the organization. They are come up with a proprietary Scioebc plug-n-play blockchain which is a supply chain and IoT solution to make use of next-generation technology. If you need affordable blockchain supply chain consultants service then contact Group 50 experts today. 

 

 

 

How Business Can Reap Benefits by Hiring Supply Chain Consulting Firm?

 Many companies think that they don’t need to pay attention to their supply chain strategy. But, doesn’t matter what is the size of your business, everyone should know how they can work with distributors, vendors, and customers to reap maximum benefits. The supply chain strategy helps the business to work with their products, distributors, and vendors to improve their operational efficiencies and bring the cost down to reap profitable growth. The key goal of supply chain strategy is to develop the best quality products for customers at the right profit margin.

If you want to implement a productive strategy to eliminate the key issues of the supply chain and reap maximum benefits from it then hiring supply chain consulting services prove beneficial for you. They can help you in diagnosing the key issues of the supply chain, provide effective solutions and ensure smooth implementation of the strategy. 

 Reasons for engaging supply chain management consulting company

There are various reasons to hire supply chain consulting company to resolve different issues that come with the supply chain. Here are the common reasons why to engage a supply chain management consulting partner. 

Baselining

Supply chain improvement is mainly focused on solving specific issues which generally include the need for large quantities of accurate past, current, and future projection data. Professional consultants dig out the information and present it as usable data. They complete this work in less time as compared to the internal team.

Solving problem

 It is difficult to identify the complex supply chain problems alone with internal resources. Those who are working within the company are too close to seeing the operation issues. The supply chain consulting firm can inspect your supply chain objective and accurately identify the issue and offer effective solutions.

Solution recommendation

They identify the problem and find different possible solutions for it. The supply chain consulting company evaluates all solutions and provides recommendations that will be most cost-effective. Most supply chains work with high capital expenditure like building infrastructure, storage, IT solution, etc. Delays and wrong designs can be costly for the business. Hiring supply chain consultants can help prove beneficial to resolving such problems.

Implement support

 In some cases, consultants provide recommendations for supply chain improvements or solutions to any problem. It can prove beneficial to retain a consultant with implementation, especially for complex projects.

Group50- trusted Supply chain consulting firm

When it comes to hiring a supply chainconsulting company, Group50 experts can help you. It is one of the trusted supply chain consulting firms which are capable of managing all sizes of supply chain and use the same methodologies for assessing effectiveness. Companies should be effective in designing products, forecasting, define services, purchasing, and delivery of products and services, etc. The Group50 experts work on different elements for optimizing the supply chain that includes strategic objectives, business life cycle, quality, business life cycle, key performance indicators, strategic sourcing, distribution cost, and effectiveness, etc. 

Group 50 has developed supply chain playbooks that can use by professionals to identify the activities which will offer high and most immediate ROI.

 

Why to Hire Supply Chain Consulting Firm and Its Benefits?

The supply chain is defined as a complicated mix of activities that focus on cost-efficient delivery of products and services. Many people are associated in the supply chain with manufacturing and distribution companies and focus on providing the products and services to their customers. But the small issue in the smooth process of a supply chain can give birth to various issues. Therefore many companies prefer to hire supply chainconsulting firms to ensure a smooth process of their supply chain.

 

Reasons to hire supply chain management consulting company 

 Hiring a professional consulting service can help in resolving the four key issues of the supply chain:-

 

• Collect information 

Supply chain improvement initiatives or efforts are beneficial for resolving the specific problem. It can be included for accurate and current data of large quantities. 

Management consulting professionals collect the information and provide it in usable data. They consume less time in acquiring the information internally.

 

• Resolve the issues 

 It is difficult to find the complex issues of supply chain issues alone with internal resources. Those who are working in the company may be too close to the issues but unable to find them. The supplychain consulting company experts will examine your supply chain and identify the problems as well as offer effective solutions. 

 

• Recommend actions 

Once they identify the issues, they can provide you various possible solutions for it. They evaluate the possible solutions and recommend the right one which is effective and budget-friendly too. Hiring consultant services is highly beneficial especially when action may be sensitive or unpopular. Recommendation from external professionals may result in less resistance than those which originate from the company. 

 

• Assist with implementation 

In some cases, management consulting helps in providing a recommendation for the improvement of a supply chain or solution to a problem. They can help in the implementation of solutions, especially for complex projects.

 

These are some common reasons why it is recommended to hire a professional supply chain Management Company.

 

Advantages of hiring supply chain management consulting 

Let’s move on to the key benefits of hiring supply chain management consulting for your business. 

 

Many companies hire supply chain management consulting services because they understand the value of consultants which they bring to the table. The key benefits of supply chain management consultants:-

 

• Objective:- The supply chain management professionals independently work and provide unbiased, and fresh viewpoints without any internal influences like politics and culture.

 

• Focused:- The internal company managers are not that much focused and bound with the entire spectrum of competing obligations their roles entail. Management consultants are focused on only one problem of resolving their client’s problem. The external experts can easily focus on the key issues and try to solve them.

 

• Experience:- Companies have experience in solving issues once only. But, supply chain consultants dealt with the same issues many times in different organizations. It means, consultants have more tools and skills as a result they can easily navigate the issue and provide potential solutions. 

 

• Skills: - They have expertise in supply chain matters and also in management skills required for the successful execution of projects. They have skills that include project management, communication, management, etc.

 

• Quantified change benefits:- They have extensive years of working experience with different organizations so that management consultants can help you in quantify the advantages of changes in the supply chain.

 

For optimizing the supply chain, you need to first understand the existing strategic and operating gaps in your company, vendors, and customers. If you are also looking for a professional supply chain consulting company for your organization then Group50 experts can help you. They are supported by an expert team of supply chain consultants who provide strategic sourcing services as well as design and implement the optimized supply chain in many industries. They have extensive experience and knowledge of best practices and integrate them to design and implement an optimizing roadmap. They will first understand your supply chain with their supply chain effectiveness assessment or distribution assessment. They will work with your senior leadership team to develop an optimized roadmap and implement a continuous improvement program that will generate reduce working capital requirements and reduce lead times. To know more about Group50 services you directly contact them.