Group50, a supply chain consulting firm have designed and implemented optimized supply chains in many industries as a result of the experience and knowledge of best practices and an integrated approach to designing and implementing an optimization roadmap.
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Supply chain consulting to synchronize the entire chain and generate responsiveness
1. Supply chain consulting to synchronize
the entire chain and generate
responsiveness
The supply chain is a complex mix of activities that is focused on cost effectively delivering
products or services. If you are into any business that delivers a product or service, then you
need to effectively manage your company’s supply chain for long term success and growth.
Supply chain management is becoming a powerful technique as it links everybody such as
manufacturers, suppliers, retailers and customers. It makes organization more agile to respond
towards the changing business environment. In today’s business conditions, there is only
survival of the fittest. To deal with so intense competition, companies require effective supply
chain management for having market responsiveness and to be competitive.
Supply chain management process synchronizes and brings every stakeholder on the same line
from small suppliers to the end user. This helps in having access to real time information at any
location or part in supply chain.
Group50, a well-renowned supply chain consulting company has managed supply chains of
various organizations from sizes $20M to $4B. They use multiple tools and assessments for
assessing effectiveness of a particular supply chain. Their consultants understand that
companies need to effective at designing products, defining services, forecasting, acquiring
materials and resources, purchasing and delivering those products and services to their
customers. And they need to do it with lower cost year in and year out. Optimization of supply
chain occurs by focusing on some key components such as upstream, downstream, value,
logistics, information, cash flow, inventory and distribution. When all these components are
driving profits, minimal working capital and shorter lead times, you can see optimization
happening.
Role of supply chain consultants
Supply chain consultants are subject matter expert professionals who have years of experience
working across various industries and in managing their supply chains. When you seek their
services, it is like bringing outside professionals to your organization that can analyze each and
every aspect of your supply chain from the headquarters to manufacturing plants, shipping
2. centers to the customers. After a thorough analysis of all the areas and processes, they can
provide a detailed report of all the observations that can help make the supply chain more
efficient. Most probably, the supply chain consultants would also suggest some changes in the
manufacturing process or going with the services of third party providers in areas like shipping
or packaging. Overall, this would help you in making the processes more productive and
efficient so that there is a considerate amount of increase in the profits. They will evaluate how
effective your company’s supply chain is in acquiring materials, moving them through your
required value added processes and delivering them to your customers. These professionals
also look at the ability of the current systems and organization as a whole to deliver required
business results. They provide findings and help retool your supply chain with a perspective to
responsiveness, best practices, scalability and sustainability. These consultants are very well
aware that supply chain is the backbone of any company no matter how big or small. If it is not
operating well, it will generate huge loss over time even in times and situations when it could
easily thrive and deliver optimum outcomes. Simply put, supply chain consulting can bring
significant insights to make your supply chain run at the highest efficiency.
Objectives behind supply chain consulting
Assess the performance requirements of your supply chain to meet your products and
services needs in the marketplace
Determine the gaps between existing processes, organizational structure and skills,
systems and those required to deliver the company’s strategic objectives
Review the effectiveness of supply chain accountability measures and compensation
Complete a gap analysis of your supply chain performance vs. best in class organizations
Deliver a final report that identifies the key opportunities and the expected ROI’s
Group50, a supply chain consulting firm have designed and implemented optimized supply
chains in many industries as a result of the experience and knowledge of best practices and an
integrated approach to designing and implementing an optimization roadmap. They will work
with the senior leadership team to develop an optimization roadmap and implement a
continuous improvement program that will generate 5-10% cost improvements, reduced
working capital requirements and reduced lead times year over year.
Talk to an expert at Group50 to find out more about their supply chain optimization program.
Visit: https://www.group50.com/