Although there is now a light at the end of the tunnel following the aftermath of the 2008 Global Recession, which inspired panic in the heart of economies across the globe, companies are still feeling the pinch financially. In today’s trying times, it is still as important as ever to keep competitive, especially as the global economy depends and competition from other sectors becomes fiercer.
Supply chain consulting, in a bid to further develop the supply chains that form the basis of modern business, are increasingly a popular means of securing a measure of stability within international commerce. They are capable of securing solid gains for their companies, if they can keep fresh outlooks at today’s challenges.
Forecast for 2014?
Global supply chains are a necessity, both to increase market share and to reduce base costs. As time goes on, it is necessary for supply chains to develop and improve their time and cost efficiencies, towards which supply chain consulting can play a major role.
Main challenges and issues being tackled by supply chain consultants generally include the following:
- Risk management of goods in transit. There are numerous ways in which shipped goods can go missing, become delayed or else be damaged as they are moved from one depot to the next. As such, costs and risks need to be estimated and accounted for, so as to cover expense in the case of accident.
- In order to improve efficiency and co-ordination between various warehouses and companies, integrated planning is a necessary part of supply chain planning. The more in synch shipments are, the less delays there will be and the less those shipments will cost.
- As competition heats up between companies, a measure of customer-driven marketing and development needs to be implemented. Companies cannot dictate their practises to the customer base. Companies that ignore the complaints and demands of their companies will suffer in comparison to those who listen and respond positively to their consumers.
- Global networks are an increasingly important facet of modern commerce. No longer can companies remain isolated if they wish to be profitable on a large scale. Whether it is seeking affordable goods, outsourcing labour or securing new markets, links with other companies worldwide are a necessity to keep your supply chain afloat of the modern markets.
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Supply chain consulting can help tackle those problems by providing effective expert advice and assistance to companies experiencing difficulty with their logistics. For an example of a supply chain consulting agency, feel free to visit the website of Hillman Consulting here.. Alternatively, contact them directly by phoning (44) 01926 430 883.