Working Toward a Resilient Supply Chain.
In this age of cut-throat competition, companies are increasingly facing supply chain challenges and looking for options to make it resilient. Their goal is to maximize the value of every dollar spent. With numerous cracks in the chain, a lot of fundamental changes are expected. For example, they must leverage digital to design their supply chain, deal with challenges, and optimize its benefits.
Relationship with Procurement
It’s high time the relationship with supply chain, finance, and procurement was built. A lack of cohesive, collaborative teamwork results in reduced margins, delayed deliveries, higher cost, unhappy suppliers, and unclear processes. Resiliency and agility cannot be built without collaboration. It’s high time organizations worked toward greater collaboration and for faster decision making, risk reduction, higher profitability, value creation, and greater resilience.
Related: How Can a 3PL Cut Operational Costs for eCommerce Businesses?
How To Improve the Agility of Supply Chains
Artificial intelligence is here to stay as it has the ability to unlock value by streamlining processes. It has done away with data complexity and can easily wade through piles of data to find optimal solutions. AI holds the key to savings and value creation for an organization. Users can leverage AI to improve sustainability and realize savings.
Some of the biggest supply chain challenges include high transportation costs, which are primary causes of disruption. With AI, organizations can focus on:
- Volume consolidation
- Node skipping for direct network pathways
- Mode switching
With better collaboration among teams, there is an opportunity to maximize savings with better community insights and peer data. Better visibility into transportation expenditure can help businesses make informed decisions.
Related: 4 Benefits of a Streamlined eCommerce Supply Chain.
Resilience for Combating Supplier Disruption
The risk posed by ongoing disruptions has been a big challenge for organizations. Those companies that are constantly working on improving their supply chain relationship seem to be at an advantage despite disruptions.
In situations of disruptions, suppliers tend to give priority to preferred customers. It is here that collaboration becomes critically important.
When real-time collaboration begins at the granular level, there is greater transparency over procurement and the risk is greatly reduced. Besides, this helps ensure timely delivery of critical materials.
Collaboration ensures proper handling of thousands of orders despite different PO lines per supplier.
Related: Is it Time to Reevaluate Your eCommerce Fulfillment?
Elite OPS Sourcing Optimization reporting helps users run any type of sourcing event, providing them with prescriptive workflows. As a result, clients benefit from higher user adoption and more efficient process handling.
Elite OPS is enabling its clients to leverage its trusted platform to solve supply chain challenges and build better resilience in order to achieve transformation and growth. By focusing more on AI, automation, and collaboration, Elite OPS warehousing platform provides the best technology for supply chain, procurement, and finance teams.
An external fulfillment service partner like Elite OPS is responsible for picking, packing, and shipping orders. Consider such a strategy to reduce shipping and operational costs.
Elite OPS has been a leader in Shipping and Logistics for over 25 years. Contact Us to find out how we can help you Save Time and Money on Procurement as a Service, eCommerce Order Fulfillment, and Kitting and Assembly.
Call 855-553-5490 or Click Here to Request a Quote!