Supply chain to boost performance has to avoid mistakes, and let it not allow mistakes to call them mistake in supply chain.
Supply chain in which wills all organization struggles is to reduce cost, and the time gets harder, it becomes difficult to reduce cost, but cost reduction can be gained as we get to know more about it in supply chain.
The very manned products handled by the organization, the points to be discussed, unloading checking, moving to storage, carrying away to storage, then picking as part per order, checking, packaging, loading, as the product is landed, which may not be good, so the importance is the cost, and every time a product is moved it incurs cost, labor, damage costs, in supply chain.
In supply chain touch is important, can touch be reduced ( since it requires approximately eight touches to make a sale) and then unload to the storage location, and the process can be introduced by an automatic process for product handling to avoid unnecessary touches, that be eliminated in supply chain, and perhaps the handling can lower the handling cost.
Key Performance indicators are part of the vital managing efficiently, and they need to be specific, measurable achievable relevant and in time.
Since Key Performance Indicators are required to be used in supply chain, they should be customized for each level of management in the business organization in supply chain, and to make are to make sure the Key Performance Indicators drives for the right behavior.
Some of the important Key Performance indicators feature is to avoid mistakes in supply chain reliability: The Key Performance indicators of the supply chain in delivering the correct product in time and order to be fulfilled is to avoid mistakes in supply chain.
Supply chain responsiveness is the speed at which the supply chain provides the product, and it is the necessity to fulfill the lead time.
Supply chain flexibility is the behavior of the supply chain at the market place, and to remain, maintains, a competitive advantage, and it is the response time taken, and flexibility to provide and avoid supply chain mistake.
Supply chain cost sale different, as cost associated with supply chain, and fulfillment in returns processing cost, cost of goods sold, total cost, management cost incurred in supply chain should avoid mistakes.
Supply chain management efficiency asset management in the effectiveness of an organization in managing different assets to support demand which includes fixed and working capital, and the remedial measure transaction in supply chain.
Managing customer services are the elements in supply chain, and understanding customers importance needs, and the development at appropriate time, the customer service, offers, policies, and effective management is an important in supply chain.
The organization should know the customer’s needs to avoid making mistake in supply chain, and this can evaluate the supply chain performance by following the rating, criteria for customer service, so that organization realize that some customers are being over serviced, and others feel that they customer service is poor.
Making opportunities missed by reducing inventory, improving supply chain performance, and getting logistic function more focused, and is able to find aim to improve in supply chain.
Supply chain improvement and opportunities are advising: 1. Outsourcing logistic activities to third party: 2. Efficiency in distribution network. 3. Payment of freight due to escalation of prices. 4. Layout of warehouses.
Supply chain pilots stalling because of technology mainly in block chain projects: 1. Verifying authenticity of goods: 2. Improving traceability and visibility. 3. Improve transactional trust: These are complicated types of work flow that need to come together. The commercial block chain can hold back the use of block technology with the supply chain as organization cannot find off the shelf solution in technology thus avoid mistakes in supply chain.
In supply chain the limitation of testing the limits of new products and the essential to get advice on the systems, adopted on the new products may be overlooked in big deals, and contracts. Any advice from organization should not get disrupted, and run into problems in launching new products to avoid mistakes in supply chain.
Supply chain has a lot of disruption, and it becomes inevitable to control, over depending upon the severity of delay, the cost can be low, or it would cost very high. If supply chain suffers constant delay, and has the difficulties in procurement of raw materials, it is more justified that this may break the relationship with customers; the mistake in supply chain can be avoided.
In supply chain late deliveries can significantly hurt the reputation of the organization, and it becomes imperative to pt the risk the management plan, and the disruption is liable to bring in additional cost, on inventory, and allow to keep the production more efficient by avoiding mistakes in ordering, and adhering to the proper lead time in supply chain.
Many organizations, experience disastrous performance, in supply chain, and thus experience a considerable increase in operating cost, as well distortion in supply chain, and thus experience a considerable increase in operating cost, as well as supply chain disruption, and customers are at hard task, and this with the help of the organization improve the supply chain performances avoid mistakes in supply chain.
Supply chain mistakes are made by others, and are great way of knowing that it cannot be corrected by oneself as some fall into mistakes of thinking in the organization, are able to undertake the challenge, and wrongly behave that they will face the challenges that come up in supply chain.
The biggest mistake in supply chain is to please customers by thinking over that they can avoid mistakes to the few things that is being done in supply chain, and by covering them in a calculated way.
In supply chain too many innovation can be a great boost to productivity, and lower cost, however when investment are made without good, a thought is to be taken in to consideration in supply chain, how this will affect the aspect of supply chain, operation, speed, of production, and the problems that arise.
In supply chain sometimes technology is not found to be good, and it may not fit into operation, and demand, to justify the investment in supply chain.
In supply chain solutions are important for the challenges that propagate into the organization, to avoid any mistakes in supply chain in order to bring in new idea for the immediate and lasting problems in the organization so as to avoid any mistake in supply chain.
In supply chain management being proactive normally rates care for issues, but it is understood, and it is the likelihood that something has happened before in supply chain. Reacting in supply chain with readjustment, because of fixing the problem with not making sure that it happens again, and this may affect the organization business in the long run, and is unable to avoid mistakes in the long run demand.
In a global market supply chain is to spread all over the work, and to ensure that the practices, and service is the best available to supply chain, and it should be invisible to the requirement in the organization’s supply chain, and should undertake and visualize that material, parts, are from where they are coming, and how they are used. In such cases this is not negotiable, and sometimes the mistake happens as they are unable to negotiate due to geographical distance in supply chain.
A wrong sales forecast in supply chain results in demand and supply, resulting inventory not properly approaching demand, though demand is based on practical analysis, which lead to adequate or ordering of raw materials, and scheduling production. A wrong forecast results in situations of abundance of materials or shortfall. Excess raw materials, finished goods are associated with costs, shortfall results in inability to fulfill customer’s orders.
Another failure in depicting demand trends is the on-going business should be stay profitable, inventory wastage, to identify demand. In supply chain organization invest in material, products, to identify current demands, and the preference of customers. In supply chain if in failing to do leaves with huge unsold stock, or shortage of stock, recovering only a part of investment, which does not cover the procurement completed adding up to rent of space, handling costs. An analysis in supply chain is needed to anticipate the behavior of the customer and this failure gives way to competitors to move up and take up the opportunity in supply chain.
In supply chain inventory management system, is a must and important factor, and opening up of Enterprise Resource Planning, is much better as it manages inventory integrating various department including production, and it is necessary to share a common database, making flow of information for accuracy, supply chain updates, should be compared with departments coordinating, and providing a unified system, what has been ordered, in between dispatches both single and multiple locations in supply chain. This can avoid mistakes in supply chain.
In supply chain shortage of components, materials, products, when building up customer’s orders is something, which cannot be avoided in an organization. Stock piling, in excess inventory, to overcome, the problems only leads to stocking, and problems. Supply chain should have a reasonable forecast, and accurate inventory, data base, and an efficient, Material Requirement Planning, system which needs to be updated and planned. Supply chain should be coupled with good historical data, and sales projection, so as to project the trends in Material Requirement Planning, and provide information needed to adjust with organization orders, purchase orders, so as to avoid mistakes in supply chain.
Supply chain doubts that manual data entry may lead to in-accuracy, and have the reliability in the organization to automate data entry, and integrate a Bar Code system, which is liable to become more accurate, and open up timely records in supply chain. The Bar Code is good information system, so as to avoid errors in manual entry, and incorrect number, parts, quantities, location. Bar Codes can be complex; they are needed to track inventory and other information in supply chain.
