Right Start Go
  • Automotive
  • Business
    • Manufacturing
    • Marketing
  • Finance
    • Loans
    • Insurance
    • Investment
    • Trading
  • Health
  • Home
  • News
    • Law
    • Learning
    • Property
    • Entertainment
    • Event
    • Travel
  • Shopping
  • Technology
    • Tech
    • Seo
No Result
View All Result
  • Automotive
  • Business
    • Manufacturing
    • Marketing
  • Finance
    • Loans
    • Insurance
    • Investment
    • Trading
  • Health
  • Home
  • News
    • Law
    • Learning
    • Property
    • Entertainment
    • Event
    • Travel
  • Shopping
  • Technology
    • Tech
    • Seo
No Result
View All Result
Right Start Go
No Result
View All Result
Home Business

How To Choose A Suitable Supply Chain For Your Product

Acker Palma by Acker Palma
November 1, 2022
in Business
0 0
0
How To Choose A Suitable Supply Chain For Your Product
0
SHARES
17
VIEWS
Share on FacebookShare on Twitter
0
SHARES
ShareTweet

 Your business rise or falls on the strength of your supply chain. A reliable and efficient supply chain drives savings for your business and realizes unmatched customer satisfaction. The role of your supply chain is to ensure that your products get delivered when your customers need them at the right time. This is the basis of choosing a suitable supply chain for your goods and services.

Supplier management software helps to execute supply chain transactions, improve supplier relationships and control business processes.

Pillars of an efficient supply chain        

The success of any business depends on the design of these three elements namely:

  • Accurate orders
  • Punctual delivery
  • Cost savings
  1. Accurate orders

Order accuracy demands that your supply chain delivers all orders without errors in quantity and quality. Delivering the wrong order leads to poor customer satisfaction, wastes time and requires extra labour.

Therefore, your supply chain should attain zero errors during packing and delivery. Accuracy in delivering your orders gives you an edge against your competitors. You can improve order accuracy by:

  • Setting order accuracy goals
  • Enhancing the inventory management process
  • Optimizing the picking and packing process
  1. Punctual delivery

On-time delivery in supply chain means that all your customers receive their orders punctually. On-time delivery improves customer satisfaction, improves online ratings and return-purchases. However, as a business expands, many companies fail to deliver goods and services in time because delivery quantities expand, making it challenging to deliver on time.

Consequently, consumers report missed or late delivery. A company can improve on-time delivery by improving inventory management, resolving resource issues and inefficient order fulfilment processes.

  1. Optimizing picking and packing process

Pick and pack is the first process in delivering orders to consumers. It involves collecting orders from the inventory and packing them for shipment or dispatch. This is a delicate process that requires efficiency and accuracy. Some of the challenges of accurate packing and packing process include:

  • Mismatching order with product description
  • Inaccurate inventory

Companies can improve picking and packing by embracing mobile technology, including barcodes and point-of-scale scanners. This is a more accurate option than pen and paper, which are prone to human error. Today, technological development allows the scanner to capture the customer’s voice to enhance accuracy for packing and picking.

Prerequisite for successful supply chain

The pillars of a reliable supply chain do not work in a void; instead, you need to consider planning, sourcing and production.

  1. Planning

You must plan all the major activities affecting delivery. Your firm must decide on the best operation strategy for your products. For instance, does the company prefer manufacturing the products or buying components from an identified supplier? By weighing the benefits of each option, an organization should consider

  • Manufacturing a component locally to ease shipping logistics
  • Manufacturing a product in a remote location, e.g. overseas
  • Purchasing a component or product from a foreign supplier
  • Sourcing a product or component from a local supplier
  1. Sourcing

Sourcing involves procuring raw materials to facilitate reliable production. Sourcing is a delicate stage in customer satisfaction. Therefore, vet and carefully select your supplier and negotiate delivery logistics. Further, payments should be made in time to prevent delays. Some organizations can prefer to source raw materials from various suppliers to enhance reliability.

  1. Action

This stage involves planning production activities, testing and grading products, picking, and packing for dispatch. A successful company ensures supporting management rules, data and regulatory framework.

  1. Return

Managing returns involves identifying the condition, accepting liability and authorizing “wrong” delivery to be returned from replacement or refund. This stage also involves shipment logistics to allow the supplier time to replace the defective goods with the appropriate ones.

Return also refers to products whose shelf life is almost expiring. The vendor may no longer be promoting, selling or marketing a specific product for various reasons. The company should have a working policy for such returned products. The strategy should factor in costs and logistics for return products and proper inventory management.

Conclusion

A supply chain is the lifeline of any production or distribution company. It encompasses a wide range of activities. Investing in supplier management software is an efficient tool that enhances efficiency, and reliability, and improves customer satisfaction.

Previous Post

Get To Understand What Scuff Testing Entails With The Sutherland 2000 Rub Tester

Next Post

5 Key Features of Virtual Offices that are Helpful for Your Business 

Acker Palma

Acker Palma

Next Post
5 Key Features of Virtual Offices that are Helpful for Your Business 

5 Key Features of Virtual Offices that are Helpful for Your Business 

  • Trending
  • Comments
  • Latest
Creating the Best and Reliable Sheep Shed Design 

Creating the Best and Reliable Sheep Shed Design 

February 12, 2018
Five Fine Features of Sliding Gates for Houses

Five Fine Features of Sliding Gates for Houses

August 29, 2018
Five ways to take your weed

Five ways to take your weed

May 17, 2019
Best Information on Kids Dance Class

Best Information on Kids Dance Class

February 12, 2018
How can an SIP help you to save on your income?

How can an SIP help you to save on your income?

0

Important Tips When Renting A Vehicle

0

What Personal Vehicle Leasing Is

0

The Intricacies Of Invoice Finance

0
How can an SIP help you to save on your income?

How can an SIP help you to save on your income?

March 29, 2023

Kickstart Your Idea With Private Label Manufacturing

March 23, 2023
Where to Take Your Kids for Fun When You Live in Baltimore

Where to Take Your Kids for Fun When You Live in Baltimore

March 21, 2023
How to Update Your Contact Details in Your Demat Account?

How to Update Your Contact Details in Your Demat Account?

March 11, 2023

Recent Posts

  • How can an SIP help you to save on your income? March 29, 2023
  • Kickstart Your Idea With Private Label Manufacturing March 23, 2023
  • Where to Take Your Kids for Fun When You Live in Baltimore March 21, 2023
  • How to Update Your Contact Details in Your Demat Account? March 11, 2023
  • A Beginner’s Guide to Making the Perfect Voice Over Reel February 21, 2023
  • All You Need to Know About Bakersfield CA: Highlights, Restaurants, Landmarks & More February 2, 2023

2023

  • + March (4)
  • + February (2)
  • + January (6)

2022

  • + December (3)
  • + November (8)
  • + October (3)
  • + September (1)
  • + August (3)
  • + July (3)
  • + June (1)
  • + May (7)
  • + April (3)
  • + March (2)
  • + February (5)
  • + January (6)

2021

  • + December (3)
  • + November (4)
  • + October (12)
  • + September (10)
  • + August (5)
  • + July (4)
  • + June (5)
  • + May (4)
  • + April (6)
  • + March (7)
  • + February (9)

2020

  • + December (1)
  • + April (1)
  • + March (2)
  • + February (1)
  • + January (1)

2019

  • + December (2)
  • + November (2)
  • + October (1)
  • + September (4)
  • + August (4)
  • + July (2)
  • + June (6)
  • + May (4)
  • + April (4)
  • + March (10)
  • + February (7)
  • + January (11)

2018

  • + December (15)
  • + November (26)
  • + October (20)
  • + September (16)
  • + August (29)
  • + July (31)
  • + June (24)
  • + May (19)
  • + April (13)
  • + March (16)
  • + February (24)
  • + January (37)

2017

  • + December (2)
  • + October (1)
  • + September (6)
  • + August (8)
  • + July (7)
  • + June (7)
  • + May (3)
  • + April (3)
  • + March (2)
  • + February (4)
  • + January (3)

2016

  • + December (5)
  • + November (3)
  • + October (1)
  • + September (8)
  • + August (2)
  • + July (5)
  • + June (4)
  • + May (6)
  • + April (1)
  • Write To Us

© 2020 Right Start Go- All Rights Reserved.

No Result
View All Result
  • Automotive
  • Business
    • Manufacturing
    • Marketing
  • Finance
    • Loans
    • Insurance
    • Investment
    • Trading
  • Health
  • Home
  • News
    • Law
    • Learning
    • Property
    • Entertainment
    • Event
    • Travel
  • Shopping
  • Technology
    • Tech
    • Seo

© 2020 Right Start Go- All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In