Supply Chain Solutions - To Combat Global Expansion Challenges
Technological advancements have facilitated enterprises to expand their business far and wide. Though this had benefited the enterprises with a global customer base, they are however challenged to efficiently reach out and meet the ever-growing demands of their globally spread out customers. To meet these challenges enterprises tend to launch new product or service, or develop new features on the existing products and services as per customer requirements. However, with the supply chain being the lifeline of every business, besides developing efficient operational & marketing strategies and technical skills enterprises also need to effectively manage their supply chain.
A network of suppliers, distributors, retailers, manufacturers and others involved in the production and distribution of a product forms the supply chain of an organization. Globalization of the business and outsourcing and offshoring brought in complexity of supply lines and longer lead times which have only added to the challenges of just-in-time delivery. Moreover, managing the supply chain today includes handling both forward and reverse logistics. Enterprises thus need to have supply chain solutions that will help them combat these challenges. Most of the enterprises have worked out changes in the existing solutions along with changes in the marketing strategies.
A good supply chain solution works with customer satisfaction at its core. To achieve these enterprises need to analytically drive in customer value creation. However, with globalization and its dispersed development brings in the risk caused by lack of visibility and reduced control. Enterprises thus need a solution which will efficiently help them out of all such issues. The leading service providers have developed supply chain solutions which will facilitate their clientele to seamlessly eliminate the risks with good visibility and control. Such solutions form the backbone of an efficient and integrated global supply chain.
With supply chain issues greatly affecting the enterprise’s reputation and its bottom line, the global enterprises look for solutions that will enhance their social and environmental performance and reduce financial risks. Further, the frequent technological innovations such as customization and improved communication systems have brought in changes in the market scenario. The world-class supply chain solutions offered by the leaders in the sector, cover all aspects of planning, sourcing, procurement and coordination and also collaborates between the channel partners, third party service provides and customers.
Besides providing customized supply chain solutions, the leading service providers also offer services for supply base management, forward logistics and distribution, reverse logistics and returns management. Such optimized solutions will ensure reduction in operational cost, improved flexibility, and ability to track the flow of goods and allow the management to focus on the core business issues.