how to get more results out of your supply chain integration
TRANSCRIPT
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How to Get More Results Out of
Your Supply Chain Integration
An integrated supply chain offers a number of benefits, not
only to large companies but especially to small and mid-
sized businesses. It allows manufacturers to view business
processes across multiple suppliers and different platforms,
allowing them to monitor materials and parts wherever they
are. In a word, it expands the traditional management
beyond tracking information, finances and materials as they
move from the supplier to the manufacturer.
How can you get more results out of your supply chain
integration? Taken that you already have an integrated
supply chain, there is actually more potentials you can tap
into, as long as you know how to do it.
The use of integration platforms transforms the supply chain
into a network of partnerships. It starts with your C-level
commitment. The procurement department is considered as
the heart of an effective supply chain. You can only get more
results out of your supply chain integration if the C-level
executive backs the project. To get the suppliers on board,
you should demonstrate that it is in their best interest to be
involved in the supply chain. Do this correctly and everyone
in the integrated supply chain will benefit (But, you will have
the most to gain).
Supply chain integration allows you to manage
manufacturing, inventory and transaction expenses more
efficiently and cost-effectively. It eliminates redundancy of
cost and effort and improves your level service. Take for
instance, Procter & Gamble. P&G expanded their line of
products and services from ten years ago. They built a
partnership with Walmart, which allowed them to virtually
eliminate price promotions. It also streamlined their logistics
and replenishment programs. Overall, it enabled them to
reduce costs.
In conclusion, integration platforms help create a more
effective supply chain integration. They provide you with
shorter lead times and lower inventory costs. They help
pinpoint where the problems are in real-time and enable you
to take action. They are powerful incentives to make the
involved parties commit to doing business with you. Build a
long-term relationship with them today. Understand and
listen to them to increase profits.