Home Business Make Your Supply Chain Intelligent – Here’s How to Do It

Make Your Supply Chain Intelligent – Here’s How to Do It

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How to make Intelligent Supply Chain

In today’s age of technological advancements, where customers and suppliers across the globe are interacting with each other without the constraints that physical boundaries or distances impose, managing expectations and ensuring that commitments are adhered to, mandates a much more integrated approach in every aspect of business.How to make Intelligent Supply Chain

Today’s customer expects the very best of what the market has to offer, tailored to suit personalized requirements in the least possible time, with uncompromised quality parameters and all this at the lowest possible costs. This is also what truly defines an intelligent supply chain management system.

To achieve this, an organization needs to ensure that its teams like planning, distribution, procurement, new product development, quality and manufacturing work in tandem and with seamless data and raw material flow. However, to ensure that each of these teams delivers to the best of its potential and works towards a common objective, it is important to have certain common threads that bind them.

 

Supply Chain Performance therefore needs to be measured using a set of Key Performance Indicators (KPIs) that represent in a nutshell this complicated relationship between numerous teams working towards the common aim of ensuring ‘Customer Delight’. Certain key parameters that determine the success of any supply chain are:

  1. Ensuring stringent quality control
  2. Reliable and repeatable manufacturing/service processes
  3. Lowest possible cycle times
  4. Zero raw material stock outs/unaddressed service requests
  5. Working capital management
  6. Minimum inventory of finished goods
  7. Maximum utilization of machinery and resources

It is imperative that these indicators are continuously measured and monitored by the supply chain team to deliver value at every stage to all stakeholders in the value chain.

Success of the sales and marketing team hinges on the ability of their counterparts in supply chain being able to deliver what the customer has been promised at the right time and with the ability of keeping a check on the costs.

However, good performance in one part of the supply chain is insufficient. Your supply chain is only as strong as its weakest link. The solution is for you to focus on the key metrics in each area.

While this does sound challenging, it is possible to achieve the seemingly complicated task of meeting your customer’s requirements by infusing your supply chain with an element of intelligence. What conventional business houses are therefore striving towards is the dawn of intelligent supply chain.

What this means is that instead of measuring supply chain effectiveness in a silo, the KPI’s chosen are often conflicting and bring balance. Inventory vs. time, cost vs. flexibility are just some examples.

Understanding your business dimensions and then defining the indicators that most suit you will give you a much better view of your performance as compared to going with a traditional set of parameters only. By measuring accurately, monitoring, reporting and taking corrective actions on time you can improve any area of the supply chain that can have an impact on customer experience.

Click here to know more about intelligent supply chain management.

 

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Olawale Daniel is a business builder and psychologist, a network marketing professional, a world-class motivational speaker, a successful internet entrepreneur and a digital media strategist interested in all things mobile and digital — start-ups, media, branding. He started TechAtLast back in 2010 as a platform to quench his thirst for latest technologies. As a motivational speaker and author, Olawale has published several motivational and personal development books and he's currently working on "SUCCESS AHEAD - Don't Quit" which is billed to hit the stand by Q4 of the year. He writes regularly on his personal website on motivation and personal lifestyle and tips for network marketing success, OlawaleDaniel.com. His latest book on How to Sponsor More People in Your Network Marketing Business is still one of the best sellers in its category. He's presently working as a Health and Wellness consultant at BURN SLIM TRIM Inc., a firm that helps people regain their perfect lifestyle through state-of-the-art recent discoveries way back from nature. He's also the brain behind FOBCourse, a business university for startup entrepreneurs in Africa.

6 COMMENTS

  1. Supply chain is the backbone of any business that is aiming towards becoming successful. The issue with many startups is, they spend more time on the product but little on how it will get into the customer hands.

    However, as I’m not an pro

  2. Thanks for Providing us the great information.Supply Chain Management system is a very effective part of a business.A customer only wants the best product from the market.and only by adopting the supply chain business management system a customer can get it from us.
    Great Article.

  3. To achieve this, a corporation requires to ensure their teams including planning, supply, procurement, brand-new merchandise progress, top quality as well as manufacturing operate throughout tandem is actually seamless data as well as uncooked stuff circulation.

  4. I think that understanding the supply chain can be really difficult to understand and become proficient in. Your Key Point Indicators are especially useful in guiding how to measure supply chain effectiveness and efficiency.

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