Importance of Supply Chain
A supply chain is a sequence of processes involved in the production and distribution of a commodity. It is the journey undertaken by a product from the time it is manufactured, up until it is sold and delivered into the hands of the consumer.
Since the advent of the digital age and automated systems, it has become of utmost importance for organizations to have in place efficient supply chain systems and management procedures, as consumers continue to demand even faster delivery services.
Therefore, a robust supply chain not only has the power to increase customer satisfaction, but in doing so, also has the ability to reduce operating costs and improve the financial standing of a company!
Supply Chain Management
Supply chain management (SCM) is the supervision of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Supply chain management involves coordinating and integrating these flows both within and among companies.
Benefits of a Supply Chain Management
Boost Customer Service
- Correct product assortment and quantity is delivered.
- Product or service is delivered on time.
- Products are available at specified and designated locations.
Reduce Operating Costs
- Costly products are distributed quickly to avoid sitting on expensive inventories.
- Delivery of raw materials to assembly plants in a timely manner to avoid costly delays in manufacturing.
- Improved cash flow and invoicing in the value chain due to efficient systems and supply chain procedures.
Improve Financial Position
- Supply chain expenditures are controlled and decreased.
- The use of large fixed assets such as plants, warehouse, and transportation vehicles is decreased.
At Network Global Logistics, we can help customize your supply chain. Our specialists can also transport virtually any type of shipment you may have, anywhere in the world with speed and consistency. Our ever-expanding collection of customized services means that Network Global Logistics has the shipping solution to meet all your needs!