Supplier Development Initiatives

5 Supplier Development Initiatives to Create Improvement Projects

In order for firms to compete effectively and survive in the global market, they must maintain and build relationships with a capable and competent network of suppliers and extract maximum value through such relationships. To create and maintain such a network and to improve capabilities that are necessary for the buying organization to meet its increasing competitive challenges, the buying firm may engage in Supplier Development Initiatives to improve the performance of supply base both reactively and strategically. But the question is where should those initiatives come from in your Supplier Development Programme? Supplier Development Initiatives In my experience Supplier […]

Benefits of ERP

Proven Benefits of ERP systems for effective Supply Chain Management

The main benefits of ERP systems are seen as the production of real-time data shared across integration and automation of business processes. This is particularly important in this new business environment where automation, effectiveness and efficiency in operations and real-time data are important factors for business success. Despite all these known benefits of ERP more than 50% of the suppliers who I worked with (mostly SMEs) do not deploy ERP and the ones who do, find the deployment very challenging in first go. To remain competitive, companies are forced to keep up to date with the new technologies. ERP systems […]

Cost

3 Holiday Seasons of Supply Planning You Need to Beware & Think Ahead Of

In my 10 years of supply planning experience I have observed that despite being aware of usual holidays seasons we encounter throughout year, we still find ourselves short of supply during the crucial holiday period which damages customer service drastically, adds significant amount to premium freight, contributing to customer frustration, affecting the overall brand image and profit earning opportunity and most  importantly loss of sales in crucial months. Given the fact that we should be thinking of Supply Chain Planning at different levels and different time horizons, we should consider and must put conscious effort to planning for the 3 […]