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10 Ways to Operate your Supply Chain More Efficiently

 

Are you looking for help to find the perfect supply chain integration solution in your company? The right supply chain integration solution offers a number of benefits. It reduces your inventory and increases the speed of transactions through real-time exchange of data and fulfilling customers’ demands. It also lowers operating expenses through timely planning. The following tips will help you make your supply chain work more efficiently and enjoy these benefits.

  1. Purge your company of spreadsheets. Spreadsheets are unreliable. Plus, they slow down the purchasing plan. In order to have an efficient supply chain, you need to make sure that you are using the most up-to-date information.
  2. Determine your partners for innovation. Identify your suppliers who can help you revolutionize your products, services and strategies. You should always look for opportunities to improve your current processes through your partners.
  3. Divide your supply base. To determine your partners for innovation, you need to have skills in segmenting your suppliers. Research systems designed for your company to have better, faster and cheaper operations.
  4. Establish your strategies. Establish your supply chain metrics to react to disruptions and opportunities in the market timely.
  5. Manage information. You need supply chain integration solutions that facilitate proper gathering, identification and access to information to easily make rapid decisions. Make sure information is ready accessible.
  6. Analyze information. Track products that your customers want and don’t want to meet their needs.
  7. Include your employees. For every operation, involve your employees and give them visibility on their impact to customers.
  8. Consider a single supply chain integration solution. Do not look for cheaper options and have different solutions. One platform is enough to support the way you do business.
  9. Monitor performance of your partners. Failure of one supplier can disrupt the entire supply chain; thus, you need to monitory your suppliers consistently and have a system in place to measure their performance, improve it or replace them as necessary.
  10. Integrating marketing expenses to your strategy. Include your marketing expenditures to maximize your profits.

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Charlie Alsmiller

Throughout his career, Charlie Alsmiller has focused on customer problems in difficult industries such as Energy and Telecommunications. Prior to starting Appterra in 2005, Alsmiller was VP of Global Operations for Allegro Development, a leading provider of software for the energy sector. He has also served as president of OmniSpace Technologies, a leading SaaS provider that he founded in 1999. He spent over 10 years in the consulting world with Price Waterhouse and Deloitte Consulting, where he participated in a wide variety of projects for very high profile clients. Mr. Alsmiller holds a BBA from Baylor University in Management and Information Systems and a MBA from the University of Dallas in International Business. Specialties: Technology ventures, Enterprise Software, Contract Negotiation, International Operations, Private Equity, Product Management, Strategic Alliances, Software Implementation, Software Development

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