How can professionals engaged in manufacturing sector procurement and supply chain jobs increase the speed of their supply chains?
An article in Supply Chain Digital recommends three modest steps that could make immodestly beneficial differences.
The continuously evolving technology behind the internet has immeasurably increased the ease with which people today can access information at the click of a mouse or the swipe of a finger.
As a result, modern consumers want more and more immediacy when buying products and services from manufacturers.
Those providers who slip behind in this race risk losing not only competitive advantage but also their viability as a business.
Three best practices for achieving speedy supply chains can spare these firms from such a grisly fate.
Visibility tools are well worth the investment if the financial means are there.
These new tools grant real-time visibility into crucial business operations such as order statuses, allowing all those in procurement jobs with supply chain management duties to instantly access information vital to accelerating the speed of the supply chain.
In the age of multiple same-day deliveries, the need for this visibility has never been greater.
Procurement pros need to keep continuous track of supplier performance via ongoing appraisals of historical data as never before.
Those who are regularly inconsistent with stock and are slow to deliver will require swift attention – occasionally, changes to the supplier base to boost production velocity are unavoidable.
Problems associated with human error can be significantly minimised by means of warehouse automaton, which is fast becoming the industry standard.
Supply chain automation delivers improved cost reductions, enhanced accuracy, and better profit margins.
As the article notes: “With the ever evolving technology industry it is important for the manufacturing sector to continue its digital transformation, as well as keeping up with the latest trends and expectations. If manufacturing supply chains fail to adopt such changes they risk facing a drop in industry.”
Accuracy and speed have become the indispensable keys to manufacturing success.