Supply chain management Functions

Supply chain management Functions

Supply chain management Functions

Supply chain management on the other hand, deals particularly with goods. It consists of managing the complete set of activities that are involved in getting the goods from the raw material stage, converting them into finished goods, and then finally giving it to the customer.

You must constantly ensure that the partnership is really working in terms of cost, time, deliverability or responsiveness in the market, and people. Your people must be able to work well with your 3PL and 4PL partners. Your customers must be able to get what they expect from you at the lowest possible cost, and exactly on time. Even the slightest delay could cause you to lose valuable customers.

This helps you gain the maximum benefit out of your supply chain functions, and develop a competitive advantage by being focussed. The logistics consultants Vietnam also help you in formulating effective BPR and benchmarking programs to improve your processes and cut costs by a huge quantum difference, while supply chain consultants Vietnam provide you end to end solutions including fleet management, consolidation, distribution, construction of efficient network models and so on.

Most companies these days are seeing the benefits of outsourcing their logistics and supply chain functions. They are hiring several 3PL and 4PL companies to oversee this function. However, not all of them are able to surge ahead of competition. What could be the reason behind this? To understand this, we first need to understand the distinction between supply chain and logistics.

Supply chain management on the other hand, deals particularly with goods. It consists of managing the complete set of activities that are involved in getting the goods from the raw material stage, converting them into finished goods, and then finally giving it to the customer. The backward process of invoice fulfilment is also an essential supply chain function. The company's prime focus must be to ensure that at each step of the supply chain, more value is added to the goods received as the output of each step.

However, doing so is not so easy. Since you are unfamiliar with the country's terrain, culture and regulatory environment, you cannot be absolutely sure of setting up your business there. You need to understand the mindsets of the customers, and gain a good understanding of the conditions there so that you can set up robust distribution channels.

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