In an economy where how a supply chain performs determines who will win the battle, it is important to achieve maximum benefit from a supply chain and create a competitive advantage. There is always a pressure to contain costs and produce results despite challenging circumstances. Instead of simply improving the supply operation, it is more important to transform it by adopting suitable methods, and processes that will make the organization.It is possible to create an efficient supply chain by implementing the following best practices
In most cases, objectives and strategies of a supply chain organization differs from their companies' stated objectives and strategies. By providing constant, consistent validation that the supply chain strategy directly correlates with the corporate strategy, a committee can prevent this from happening.
- Set up a supply chain committee
Correctly staffing the supply chain organization is vital to success. Elevating staff members' supply chain management skills and knowledge is always a priority, of course. But top leadership focuses more on strategy and is less concerned about transactional ability.
- Proper staffing in the supply chain
It is important to review the processes that need improvement, and only then select the technology that best satisfies those process needs. So choose way to use technology to produce beneficial information without having to perform various "work-around" to extract and view the data. Opt for a solution that can automate, rationalize, and optimize the processing of the end-to-end after sales business process. It integrates the entire value network of all the collaborating parties and systems.
- Choose the right technology
Establishing an alliance or association with the suppliers helps in providing a mechanism to ensure that the relationship stays healthy and vibrant, creating a platform for problem resolution. It also helps in developing continuous improvement goals with the objective of achieving value for both parties as well as ensuring that performance measurement objectives are achieved.
- Create association with suppliers
Identifying the total cost of ownership requires looking at the entire process of procuring and consuming the product or service, something that can only happen with cooperation and input from both the buyer and the seller. Establishing a "total cost of ownership" mindset is a goal that the supply management organization needs to embrace and perpetuate throughout the entire enterprise.In order to implement efficient supply chain process solutions for customers around the world, opting for an efficient solution that spans across the entire order fulfillment process from order receipt to fulfillment based on order agreements is the best option. With simple rules and best practices, and implementing cloud based processes, you can reduce your return costs and keeping more customers happy. Read Also On: reverse supply chain, Travel expense management
- Focus on total cost of ownership (TCO).