My Work
An effective supply chain starts with the following:
- Planning the manufacturing and inventory operations will help guarantee that supply and demand are properly matched.
- For services, develop a clear scope of work with specific deliverables, timelines, and roles/responsibilities
- Producing or acquiring the materials required to make the finished product.
- Parts assembly and product testing.
- Putting the product in packaging for shipping or keeping it in stock.
- Delivery of the completed product to the distributor, retailer, or customer.
- Supplying assistance with customer service for returned goods.
- The possible absence of transparency. Stakeholders can grasp the state of the supply chain thanks to transparency.
- Waste is a result of a poor production cycle. Businesses that incorrectly predict demand, supply, or capacity risk having an overstocked inventory.
- Customers and business partners who are not happy. The fulfillment of customer expectations is the ultimate purpose of SCM. This entails not just producing a worthwhile product but also realistically managing those expectations.
- Delayed or lost commodities. Anywhere along the supply chain, lost goods cause a delay that might have an adverse effect on customers.
- Client expectations are rising. Customers’ expectations are increased by new enterprises and technology, which can make them challenging to manage and hard to achieve if not done correctly.
A novel kind of supply chain will be needed in this quick-moving, dispersed, and consumer-focused environment. Traditional supply chains are aimed at cost-effectiveness and reliability. However, future supply chains will have to be far more dynamic in order to forecast, plan for, and react to a quickly changing demand, as well as a constantly shifting product and channel mix. In other words, supply chains will need to adapt.
