Optimizing Your Marketing Dollars in the Food and Beverage Industry

By Mark Fullerton, CEO, OnTrak Software,...

Optimizing Your Marketing Dollars in...

Innovative Tools to Improve Agriculture Efficiencies

By Bob Gilmore, Director IT, Cal-Maine Foods, Inc.

Innovative Tools to Improve...

The Importance of Data to Your Business

By Sergio Guerra, Technical Systems Manager, Aviagen

The Importance of Data to Your Business

Supporting Your Configuration Management Effectively

By Daniel M. Horton, CIO, Sallyport Global

Supporting Your Configuration...

Key principles of a successful supply chain management

By Food and Beverages | Thursday, March 28, 2019

We live in an interconnected business world. Cooperative efforts and activities of various verticals make and contribute to the success of a business process. Supply chain is considered to be as significant as other critical components as it is directly responsible for consumer satisfaction, completing the end goal of a business transaction. Supply chain is a bridge connecting the suppliers to the buyers. Manufacturing, e-commerce, logistics, and other such significant industries demand efficient supply chain management, which drives them towards business excellence. Based on the critical elements of supply chain, experts have formulated a set of core principles which help in achieving a successful supply chain execution. Here they are!

• Adopting a purpose-specific model

Supply chain management systems are agile, responsive, and efficient. Using systems which comply with the corporate standard and cater to the mission-critical needs helps in diversifying the utility ideas and increasing flexibility. Supply chain specialists are required to make a wise decision to manage conflicting demands and priorities.         

• Designing ‘for the customers’ strategies

In industries such as e-commerce, retailing, logistics and distribution, supply chain plays a crucial role by delivering goods and services to the end users. Supply chain is responsible for completing both business-to-business (B2B) and business-to-consumer (B2C) transactions. Analyzing and understanding customers’ perspective becomes essential; the same further helps in meeting their expectations to satisfy them.      

• Integrate and innovate

As the data-driven supply chain network involves various departments such as the enterprise, dealers, suppliers, manufacturers, resource providers, it becomes essential for combining supporting technologies to anticipate future challenges better and execute. Innovation is closely related to supply chain management for it to continually update itself to serve the unceasing enterprise and customer demands.   

Supply chain network represents the enterprise to which the buyers abide, and it marks the phase of business which has the potential to attract the customers or clients, bringing them back for another transaction. Understanding what makes a successful supply chain management essentially helps in walking towards achieving industrial goals.         

Improvements in Food Safety Supply Chain Management

The food supply chain becomes difficult to manage as...

Improvements in Food...

Blockchain: Game Changer for Supply Chain Management In Logistics

In technological terms, this supply chain industry is high-heavy...

Blockchain: Game Changer...

Plug and Play's Venture in Arkansas

Plug and Play, a startup accelerator, is opening a supply chain...

Plug and Play's Venture...

ML Solutions to Enhance Supply Chain Management

The algorithms and systems powered by Machine Learning (ML) are...

ML Solutions to Enhance...

follow on linkedin follow on twitter Copyright © 2019 www.fbtechreview.com All Rights Reserved | Privacy Policy
Top