David Poole, Managing Director Sales, UK South at FedEx Express, discusses the necessity of streamlining the supply chain to expedite business success.
Whether an SME operates solely within British shores, or sends goods abroad, streamlining the supply chain is a necessity, enabling you to keep up with demand and provide the high level of service required to cultivate loyal customers. Moreover, to streamline the supply chain is to trim costs, with the avoidance of unnecessary and costly complications in the procurement and distribution of goods.
However, there is certainly more to optimising your supply chain, than simply ensuring goods get from A to B. Accuracy, access to tailored knowledge, use of the right software and a strong support network are but some of the factors to make sure your supply chain procedures boost rather than hinder your business. As such, we have compiled a few tips to help your business get its supply chain in tip top shape:
Tailor your approach
Know your customer. No business is alike; therefore it is crucial that you gather the right information to create a range of supply chain strategies that meet the different needs of your business and customers. There are a number of different delivery methods to choose from, for example: same day, specified delivery windows, after-hours and weekend delivery. Similarly, where consumers and businesses want to receive their goods is changing: home or business address, in-store pick-up, storage lockers, pinpoint delivery to exact location, sometimes even changing location mid-delivery to a different address. Tailoring your supply chain for different customers, product and locations can help boost profitability, reduce cash flow leakages and the potential for a loss of sales. Make sure you have selected the best way for your particular goods to travel, to avoid overspend and easy to avoid damages.
- Get to know your customs regulations
- Get procurement right first time
- Make logistics work for you