Hello again,
it has been some time, but today I feel an urge to share my thoughts on how companies often focus on trying to fix negative effects late in the supply chain instead of going to the root of the problems.
A purchaser coming from Rye
from China sourced all he could buy.
With lead times too long
most forecasts went wrong.
And unsellable stock turned high.
Are you struggling with demand-supply matching and long lead times? Revisit our posts on supplier collaboration and inventory visibility?
Talking to a major grocery wholesale/retail customer confirmed how changing demand patterns also heavily affect supplier management. The retailer needed to build better relationships with remote suppliers and at the same time satisfy a growing demand for local food products. They asked us how we could help them enable new suppliers cost-effectively with supplier collaboration technology.
It’s vital that you’re more creative than your competitors, as Best Practice today will not be Best Practice tomorrow. You must always be one-step ahead if you are going to win. Retailers and customers are demanding better service, lower costs and faster, more flexible delivery. If you can’t deliver on these demands you won’t be delivering at all.