Global Supply Chain Solutions Service, Expedite Specialized Trucking Shipping, Airfreight Cargo - Oh

By Author: William Casas
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8 common supply chain mistakes that you should avoid

Supply chain mistakes can cost big bucks. So companies should be aware of these ten common supply chain mistakes. The larger an industry grows, the easier it is for members to make mistakes, and the supply chain industry, estimated by the Fortune magazine to be at $1.3 trillion and to grow, is no exception.

Lack of Supply Chain Transparency
A common supply chain mistake companies make operating without the complete end-to-end visibility into their supply chains. If you are running supply chain management, you should know,
● Where your raw materials originate from?
● What exact locations they will have to pass through?
● Where your distributors are positioned?
● Where your finished goods will travel?
This knowledge can assist you to make your operations more efficient and strengthen your risk management endeavors in the future.

Ignoring Supply Chain Data
Data or information is the most valuable key commodity for a company. Every single minute in operations and global supply chain management produces data. ...
... This data can be the product testing data, pricing agreements, transactions, logistics, material costs and even the tacit data like email communications between your teams. Companies need to examine and chose the data which will be useful in making important business decisions and business strategies.

Not Planning for Business Disruption
Companies must be prepared for business disruptions and emergency issues by having in place an overall risk management and a resilience plan. They must perform meticulous analysis of their supply chain network time to time. This regular analysis will assist to uncover its vulnerabilities and manage risk. Many businesses do not head to the plan B when their plan A is working successfully. But mind that, plan A can start it's downward trend anytime and you should be ready with plan B.

Choosing Too Many Partners
Unless you are sitting on a pile of a billion dollars brand with perfect process controls, systems, infrastructure and huge demand for new products, launching a brand new product is quite a risk to take. In such situations, creating a new brand or a new product under the same brand is quite complex than it was for the first time. The owner has to manage two of everything. The new product also slows all the processes down, and that may be the beginning of a downfall. Comprehensive planning can get you through the process with a great success.

Going Too Lean
Lean supply chains are popular for companies who are trying to control costs. But if the demand changes suddenly then such companies are in a bit of a problem. So, the leaner the supply chain, the more significant the changes need to be to get up to speed.

Lack of Cyber and Physical Security Controls
The security breaches in the logistics industry are more frequent, and there seems to be a lack of intellectual property security measures. Vendors should safeguard the data about their supply chain with through practices such as using SFTP (secure file transfer protocol) for file transfers, using a version control system to track and report changes to each image deployment routine and restricting access to imaging servers to all but authorized users.

Lack of Optimized Business Processes
Coming from a simple e-commerce, correctly provide right solutions to aid to your supply chain issues. Those types of relationships yield so much more to the bottom line as it relates to a reduction in inventory, your employee performance, and the increased throughput.

Operating in Silos
Companies that operate in silos are quite inefficient, sluggish and victim to a huge risk. To avoid operating in the silos, businesses must take a properly networked approach. Organizations that do so operate far more efficiently. They’re always agile and fast. Such businesses benefit from the supply chain visibility, customer-centricity, collaboration, operational excellence, and supply chain transparency.

William Casas We provide the one-stop solution for Global Supply Chain Solutions in Powell, OH