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3 tips for managing a successful supply chain

Managing a successful supply chain is no easy task. With drastically different suppliers, contractors and employees all working towards one end goal, keeping everything in check requires a complex and well thought out strategy.

Follow these three simple tips and start improving the management of your supply chain today.

 

1. Don’t rely on guesswork

Whilst intuition is an important part of any job role, when it comes to managing a successful supply chain working with real facts, data and the people around you is essential. Running a supply chain means overlooking every area of production, ensuring that both customer and supplier relationships are on point.

When there are many employees and contractors working towards one singular goal, it can be tricky to get everyone on the same page. Successful supply chains run so seamlessly because those in charge designate set periods of time for proper communication. This means directly contacting each area of the chain for feedback, whether that’s by phone, email or in person.

Once you have this data, it’s important to make good use of it. Everyone in the supply chain works more effectively knowing that they are being kept in the loop. If there are potential problems coming up, ensure everyone is well informed. That way, the entire supply chain can work in harmony to bypass potential issues.

 

2. Map your chain

Understanding how your supply chain fits into the bigger picture will help you in a number of ways. Not only does it allow you to better understand your customers and suppliers needs, it can also be an invaluable piece of knowledge if a worldwide problem were to arise.

Natural disasters, such as floods and earthquakes, can have a negative impact that is far reaching, so knowing in advance how and when your supply chain might be affected is crucial. The most important areas to take note of are where you key customers and key suppliers are based. If possible, you should also look further ahead to where their customers and suppliers are based, as their problems can become your own.

A well-managed supply chain takes chain risk very seriously, no matter how unlikely the scenario.

 Focus on efficiency

3. Focus on efficiency

If it isn’t already, you need to ensure you main supply chain goal is seamless efficiency. When trying to reach your potential, a great place to look to is your suppliers. Most supply chains use their suppliers for their one contracted purpose, when in reality they could be getting so much more from them.

Many suppliers aren’t willing to disclose the sheer variety of solutions they have on offer, so it’s up to supply chain managers to push for this. Using your current suppliers for a variety of solutions simplifies your supply chain and reduces unnecessary delays. In turn, this improves efficiency in all areas of your chain, helping you move closer towards that all-important seamless experience.

 

For more strategic advice on getting the most from your supply chains talk to Total Logistics supply chain consultants.

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