A growth-oriented supply chain is capable of dealing with market variation (demand fluctuation, disruption), as well as leveraging new revenue opportunities quickly. Supply chains must be modernized to meet these requirements, a process which requires in-depth understanding of a supplier’s priority segments and expectations.
We can help you tailor your supply chain strategy to meet your customers’ demands. In order to do this, it is essential to understand the lead time requirements of your strategic customer segments. One solution involves the prioritization of shipping, whereby high-value/high-density goods are assigned to airfreight and low-value segments to ocean freight.
If your company is expanding into new types of products, your supply chain should undergo thorough preparation to ensure product availability from the very start, thus avoiding any loss of sales.
If your company is expanding into new markets you may face regulatory, legislative and cultural challenges, as well as unfamiliar demand patterns, all of which necessitate updates to your supply chain strategy. Long-term planning and carefully selected local supplier partnerships are key enablers of successful and sustainable business growth.
Concrete reorientation measures
For your new supply chain, targets and metrics will have to be defined such as lead time, inventory levels, order fill rates and on-time delivery. These key figures must be aligned with the goals defined in your business growth strategy.
To ensure supply chain flexibility and reliability, you also need to have the appropriate infrastructure and contingency plans in place. Having a clear and consistent overview is important for effectively monitoring and managing your supply chain and its response to growth. With timely and accurate data, your supply chain managers can gain deep market insight (e.g. market share, asset utilization) and provide valuable support when strategic decisions need to be made.