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Importance of Supply Chain

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!

 

 

 

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The Benefits Realized by Organizations When a 3PL Company is Hired

Simply put, a 3PL, (third-party logistics) is a provider of outsourced logistics services. Also known as TPL, the process is part of an organization’s logistics and supply chain management, where it outsources elements of its distribution and fulfillment services.

 

A 3PL company would provide services such as: warehousing, shipment, fulfillment, inventory management, and other value-added activities in order to meet and exceed customer demands.

 

 

At NGL (Network Global Logistics), our warehousing services include:

 

  • Public warehousing
  • Dry goods storage
  • Industrial products handling
  • Container loading / unloading
  • Break bulk and cross-docking

 

With regards to fulfillment, our timesaving services include:

 

  • Warehousing of products and advertising materials
  • Pick and pack
  • Custom packaging
  • Kit assembly
  • Mailing services
  • Worldwide distribution

 

Benefits of Using a 3PL Company

 

There are numerous benefits / advantages for a business to utilize the services of a 3PL company.

 

  • Core Competency: Outsourcing logistical undertakings to a 3PL company allows a business to focus on its core activities and in growing their enterprise!

 

  • Expertise: For most businesses, logistical operations can at times fall beyond their remit. A 3PL company is on the other hand well-experienced to handle all logistical requirements, and are also equipped with the latest technology & infrastructure to offer a superior and efficient service, resulting in high levels of customer satisfaction and retention.

 

  • Cost-Saving: 3PL companies can offer lower transportation rates due to the high volume of consignments they deal with. Furthermore, a 3PL company helps eliminate an organization’s need to invest in transportation, warehouse space, technology, and staff in order to execute essential supply chain management processes.

 

  • Scalability: 3PL firms offer businesses the ability to scale as and when required, in accordance to their inventory requirements. This is ideal for those organizations who operate seasonally. In addition, 3PL companies also have access to numerous distribution centres around the country, and even worldwide. This allows a business to comfortably grow into various regions and / or test new markets with low barriers of entry.

 

 

Contact Network Global Logistics today to see how we can help maximize your organization’s supply chain management.

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Why Logistics Efficiency Is More Important Than Ever to Manufacturers!

 

By definition, ‘logistics’ is the detailed coordination of a complex operation involving many people, facilities, or supplies. For our purpose and understanding, it is simply a commercial activity of transporting goods to customers.

 

It is therefore vital for businesses to ensure that the way in which goods are transported (logistics management), are reliable and efficient, so as to ensure customer satisfaction; Especially at a time where customers demand a fast, consistent and superior service at all times.

 

But not only is it important to build and maintain customer relations, it is also equally crucial to hold a competitive advantage. It is no secret that customers can pick from a variety of service providers via a simple search on Google. Therefore, improving your logistics through the use of the latest technology and warehouse shipping systems, will allow you to steer ahead of your competition, and ultimately enable you to operate in a league of your own.

 

 

Furthermore, efficiency in logistics can have a significant impact on an organization’s financial performance. Depending on your industry, a business can save anywhere from 5% to 7% – As an example, for a business with an annual revenue of $1,000,000, that’s a whopping savings of $50,000 to $70,000!

 

At Network Global Logistics (NGL), we have expert industry-knowledge to cater for all your logistical requirements.  We will custom design a strategic solution that shortens the cycle to market, saving you time and money! We invite you to browse through our website and learn more about our services and the resources available to enable you to conduct your business locally, nationally, or even globally.

 

 

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