Supply chain management consultants to reduce risks and improve business profitability

Although supply chains have existed for years, companies of late have begun to pay attention to them as a value addition to their operations. Earlier, supply chains were focused on the availability, movement, and cost of the physical assets, today’s supply chain management is more about the management of data, services, and products bundled as solutions. Supply chain management (SCM) is the centralized management of the entire production flow of goods and services, including every step, from procuring raw materials to the delivery of products. Best SCM practices are geared to minimize cost, waste, and time in the production cycle. Expert supply chain management consultants ensure that the products are not only delivered faster and more efficiently but also reduce the possibility of product recalls and bad publicity.

Effective supply chain management relies on business strategy, demand planning, and logistics, and returning defective or excessive products. It requires collaborative efforts by supply chain management consultants between suppliers, manufacturers, and other stakeholders, to mitigate risks, creating efficiencies, and agility to adapt to changes. Other areas of concern that reputed supply chain management consultants address, such as the ones available with Group50, include supply chain sustainability, and corporate social responsibility (CSR). Companies need to be effective at designing products, defining services, forecasting, acquiring materials and resources, and purchasing and delivering those products and services to their customers. They need to do it at a lower cost year in and year out.

Implementing optimized supply chains

It’s here that the expertise of Group50’s supply chain management consultants can make a big difference. Group50’s supply chain consultants have managed supply chains of all sizes ($20M – $4B), and implemented projects across purchasing, vendor rationalization, sales, inventory and operational planning (SIOP), technology optimization, Kanban, and more. Group50’s supply chain management consultants provide strategic sourcing services, and have designed and implemented optimized supply chains in many industries using best practices and an integrated approach to designing and implementing an optimization roadmap for supply chains.

They take the first step to understand how well your supply chain is doing through its supply chain effectiveness assessment or distribution assessment. From there, the consultants work with the senior leadership team to develop an optimization roadmap and implement a continuous improvement program that will generate 5-10% cost improvements, reduced working capital requirements and reduced lead times year over year.

Improved operational visibility

With supply chain management, businesses can get many benefits, like better risk management and predictability, lower overhead, improvements in cashflow, and more efficient logistics, among others. By analyzing and optimizing your supply chain, the consultants minimize the lag time between parts of supply chain, and work to find improvement opportunities. They also leverage software, tools, and technology for better visibility and a more comprehensive view of the supply chain. Use of information systems provides operational visibility of what is happening at the key touchpoints in the supply chain, that can lead to improved profitability and better customer experience. Group50’s consultants will ensure that your business has strong working capital, and meets tax requirements. The success of sales and marketing relies on effective supply chain management, and Group50’s consultants ensure this by making the right quality product available at the right place and at the right time.

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.