Lean supply chain management is for many companies. It is not just for manufacturers who practice lean management. It is also for non-manufacturers, wholesalers, distributors, retailers and others.
More Challenges for Supply Chain Management
Supply chain executives have a daunting daily challenge managing a global supply chain. They must keep customers or stores properly stocked and deliver the perfect order every time. They must balance the need for low costs, proper inventory levels and maximum service. They must ensure that supply chain management is an integral component of the company’s strategic direction and plan to create and maintain competitive advantage. If that isn’t enough, they have three more challenges to deal with.
3 Issues to Supply Chain Management Success – Process, People, Technology
Supply chain success just doesn’t happen. It takes focus and effort across the entire company organization and with outside suppliers and service providers. Logistics touches every part of a company. So supply chain management must be multidimensional in its approach and scope. And this takes process, people and technology. This is true whether you are a wholesaler, retailer or manufacturer. And it is true if you are lean and need to be agile, flexible and collaborative.
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Aligning the Inbound Supply Chain with Company Requirements
CEO’s and CFOs have to ask themselves four questions.
Supply Chain Management For Middlemen
Wholesalers, distributors and other middle parties-between customers and suppliers-fight the challenge of being price competitive and service responsive, while making a profit. The traditional role of middlemen has changed. Customer base, customer locations and market size have expanded. More is expected and required. With all these pressures to compete and to differentiate yourself, there is one approach that some have successfully implemented as part of their strategic business plan and tactical operation while others have given token recognition to-supply chain management.
Make Your Supply Chain Better – Assess It
Supply chains are dynamic. Supply chains are complex reaching into many customers and back into many suppliers throughout the world. Supply chain requirements are dynamic. Suppliers change; customers have new destinations and new shipping rules. Responsiveness increases; time compresses. Agile and lean are not options; they are mandatory. Collaboration and integration are ways to accomplish the needed result in a joint effort. Supply chain visibility is necessary; exception management and event management let you focus limited resources.
Vendor Managed Supply : The Win, Win Relationship
A more collaborative relationship with our customers and suppliers will benefit all concerned. Vendor Managed Inventory (VMI) is one way to develop a more collaborative relationship and many companies have tried it. Some have even had success in achieving both financial and operational benefits. But often it is only the customer who benefits from VMI. Vendor Managed Supply, (VMS) is a truly collaborative relationship that delivers what has long been expected of VMI and more. Leading companies are going beyond VMI to adopt Vendor Managed Supply because they recognise that it is vital that key suppliers also benefit.
A Predictable Supply Chain
Achieving a “lean” supply chain delivers significant benefits. However, to exploit the full opportunity it is necessary to first establish predictable performance. Without it your customers cannot rely on you. If they cannot rely on you they will be reluctant to engage in the collaborative activities thatprovide the highest levels of benefit to the lean organization. Furthermore, the level of benefit achieved from a lean environment depends on affecting processes that are both internal and external to your company.
Outsourcing Supply Chain Management – 8 Issues
Outsourcing is done for various reasons. The driver can be generating cost reductions and downsizing; this has been a traditional reason for outsourcing. But there are others, such as gaining capabilities that are not available internally, implementing lean programs, streamlining operations, strategically positioning the company, or improving or adding capabilities to gain competitive advantage. Regardless of the reason, outsourcing succeeds when it is well thought out and done properly.