A Thorough Description of the 7 C’s of Supply Chain Management

The supply chain involves all the processes, individuals, groups, businesses, data, and assets needed to transfer a product from its conception to its end user. For instance, this probably includes raw materials, production, packing, shipping, warehousing, delivery, and retailing in the consumer area. There are seven practices of supply chain management for better management of things. Everyone should consider and apply these practices in their company for a better supply chain and effective results. These seven practices are mentioned below, and for a better understanding, you can contact any supply chain consulting firm like Group50®. They have various workshops related to supply chain management, and their expert consultants will help you implement an effective supply chain in your business.

7 C’s of Supply Chain Management

1. Connect: Customers may be served more quickly and effectively with a supply chain that is linked to the market and is as close to them as possible. Additionally, connecting to the market makes it easier to hear what customers have to say, which enables the business to respond to their demands.
2. Commitment: By being committed, a company resolves to provide for the demands of its customers while addressing their problems with products and services. According to Supply Chain Intelligence a company’s commitment should involve all of its suppliers and stakeholders to achieve social and environmental accountability.
3. Customize: Offering the consumer the option to customize goods and services is a third way to expand the product and service lines. Supply chains that enable customization while limiting the rise in production complexity and containing costs and utilization rates support sales growth.
4. Coherence: Following through on commitments made to promote core values even in the face of adversity or in the wake of external shocks demonstrates coherence. For instance, companies’ response to COVID-19 was a crucial factor in determining coherence. Supply chain management consulting companies helped other organizations establish effective supply chains at that time.
5. Contribute: Companies are implementing revenue management in contemporary markets with a high level of client diversification by providing new kinds of contracts that alter the contribution margin of the product or by dynamically modifying prices that are tailored to different customer categories.
6. Consistency: Achieving what you say you’re going to do and successfully obtaining the outcomes that are expected of you are two ways to display consistency. If you said you would achieve a certain profit out of your product and accomplished that goal, then it would show your employees how consistent you are.
7. Coordinate: Coordination across the chain is essential to deal with the growing complexity and volatility that come with a diverse portfolio of goods and services. The impact of supply chain complexity can be reduced by carefully connecting the network’s participants, enabling the business to expand its market offerings with little risk.

Conclusion

These seven practices of supply chain management will help you ensure the effective operation of things in your organization. It’s crucial to work with supply chain management consulting companies that can assist you in comprehending and developing supply chain management for your company. A supply chain consulting firm like Group50® has many consultants with experience spanning more than 20 years. You can contact Group50®, and they will assist you in every regard.

Group50.com is a top US based Global management consulting firm that helps businesses develop performance. Our Strategy Execution Consulting Services and Business Process Management Services quickly automate business growths & profitability.