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Thread: Are supply chain management strategies important?

  1. #11
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    Default Re: Are supply chain management strategies important?

    It especially depends on what you're doing. Supply chain strategies can help you prevent more issues down the line, and help you keep everything straight if an error occurs in shipping. Frankly I don't see how any kind of warehouse business can get by without one.

  2. #12
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    Default Re: Are supply chain management strategies important?

    I am interested to hear the arguments of people who are saying that they are not important, because that really escapes me. Anytime you can apply strategies and theories to real life scenarios, and grow from them and learn, the better off you are, as a person and as a company. If nothing else, they are important to eliminate them as a theory so that you can move on to other theories or systems. Management is an ever evolving practice, and for that you need to be on top of your game when it comes familiarity will all systems dynamics. Interesting stuff, and thanks for sharing.

  3. #13
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    Default Re: Are supply chain management strategies important?

    I am bit puzzled by what it seems to be a confusion of some people here between the "Supply Chain Management", which is a definite set of principles & strategies (and a management buzzword) in the world of efficient companies that apply lean/six sigma/Kaizen etc as opposed to to the management of the "supply chain", in its old (deprecated) sense of just handling procurement of material in a pure logistical sens, in which case the correct and more precise term to use is ERP (entreprise resource planning).

    In any case they are both important, but the former only if you are a "real company", i.e. a small workshop/family business or a restaurant/bar don't have the slightest clue about this stuff and don't need it anyway, they don't even apply 5S. Size matters in these things, you won't see the benefits, importance, extreme complexity of supply chain management unless you are a large player handling a lot with disparate plants, set of skills, independent streams of information, cluster of specialized workshops, extended production line, complex process(es) and so forth.

  4. #14
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    Default Re: Are supply chain management strategies important?

    For the supply chain management we have gone over data of inventory as well as supply chain of past 6 months and measured the duration from ordering to the product reaching us to ensure that we are never running out of supply of products.

    At the same point of time, we use predictive analysis to understand which products would be having a above average supply and which products would be having a average supply and depending on this, we create the strategies to order the products and have them reach our warehouse.

  5. #15
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    Default Re: Are supply chain management strategies important?

    Quote Originally Posted by Dropshipping View Post
    For the supply chain management we have gone over data of inventory as well as supply chain of past 6 months and measured the duration from ordering to the product reaching us to ensure that we are never running out of supply of products.

    At the same point of time, we use predictive analysis to understand which products would be having a above average supply and which products would be having a average supply and depending on this, we create the strategies to order the products and have them reach our warehouse.
    We use similar strategy

  6. #16
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    Default Re: Are supply chain management strategies important?

    Yes, the supply chain management involves optimizing your operations to maximize both speed and efficiency. Speed is important because customers value fast service. Increasing speed, however, can cause costs to skyrocket, so maximizing efficiency is equally important. The most effective supply chains deliver products as fast and as cheaply as possible without sacrificing quality. Some companies like Ecoark accomplish this by using complicated logistics tools, such as computer algorithms that choose optimal routes for product shipping and large company databases that allow distant employees to pool order information and coordinate their efforts in real time.

  7. #17
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    Default Re: Are supply chain management strategies important?

    The supply chain can be the lifeline of a business. So, it’s critical to have sound strategies for supply chain management. The strategies should focus on optimizing operations and maximizing both speed and efficiency. Hiccups in the supply chain can cause costs to soar. With faster and predictable deliveries, you can reduce costs while providing better customer service, thus gaining a competitive edge. Most companies ensure tight supply chain management with the use of software, such as http://www.keysoftwaresystems.com/xcelerator.html which can help with managing warehousing, distribution as well as same-day and next-day deliveries.

  8. #18
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    Default Re: Are supply chain management strategies important?

    I found this site was very helpful, and helped on my studies in warehousing issues, also it would be more helpful if providing warehouse operations procedures

  9. #19
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    Default Re: Are supply chain management strategies important?

    Obviously, having great technique is the key to each kind of business achievement. Regardless of whether you draw in your customers or concentrate on your advertising, what you do to build notoriety and get a strong client base structures some portion of your business technique.

  10. #20
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    Default Re: Are supply chain management strategies important?

    Yes, of course. In fact, any business cannot be executed without any strategic plan. As the competitiveness among the supply chain firms is increasing day by day , there is a need of proper strategic plan for a successful supply chain. Effective strategies coupled with a well-defined plan and the right tools will help to alleviate pressure today and ready managers for market changes in the future.

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