Measures to speed up the Supply Chain | Supply Chain Measures

Measures to speed up the Supply Chain | Supply Chain Measures

Whatever the nature of the business, it must have some kind of pack season. When it comes to garments and footwear, the demand for these pro... 2:48 AM

Whatever the nature of the business, it must have some kind of pack season. When it comes to garments and footwear, the demand for these products increases exponentially during the festive and wedding seasons. 

Apart from cricket, there are many sports equipments which are in high demand due to any event or season. Any business can make a good profit only if it does not let the supply of its products decrease according to the demand, especially during the packing season, when the demand multiplies.

This process leads to an increase in business profits if the product is planned or stockpiled before the start of the packing season. However, it is important that you keep a close eye on product demand. Here are the key points to keep in mind when planning a strategy.

This process leads to an increase in business profits if the product is planned or stockpiled before the start of the packing season. However, it is important that you keep a close eye on product demand. Here are the key points to keep in mind when planning a strategy.

The standard of prediction

Forecast quality is more important than ever to plan your network capacity. In order to revise the forecast and make changes, the company must be in close contact with supply chain stakeholders in order to avoid last-minute changes and costly charges.

Flexibility in scheduling

Every company focuses on putting its products on the shelf in the market, but the only company that gets higher profit is the one that delivers its products to the market on time despite the strict schedule. If a company does not do this, it can lose a valuable profit and customers.

There are also inexpensive ways to improve supply chain performance, including flexible pick-up windows and delivery days. This way you have a wide network of shipping agents or distributors and you also get competitive rates for freight.

Alternative means of transportation

If the company intends to unload its products by shipping mail, then paying extra for a ship to carry the goods today while the delivery time does not matter, this process can be a burden on the company's budget. So look at alternative means of transportation, where you can achieve a steady loading efficiency and significant savings by compromising on the speed at which goods arrive in the market.

Third party sharing

Mutual sharing in logistics is always beneficial. If the company is struggling to get its products to market on demand, then working with a third party / distributor who manages your supply network would be a wise decision. Through proven process, dedicated teams and expert leadership, running your supply chain system properly during the packing season will increase customer confidence and product sales.

Avoiding the spot market

The biggest problems arise during the packing season, when shippers are sometimes forced to compete for the space available in the spot market to move their goods. Working with an agent who has a fully outsourced transactional freight product will help the company can achieve maximum purchasing power through bundled carrier costs with better coverage for all shipments.

Covid-19 and supply chain

The global coronavirus epidemic has severely affected lifestyles as well as life systems, and the global economy is still struggling to recover. The supply chain of goods has also been severely affected by the strict implementation of Quid-19 sanctions, lockdowns and SOPs around the world. According to a report by the International Atomic Energy Agency (IAEA), the supply chain is under pressure due to the large number of cargo ships at ports, the lack of computer chips and truck drivers needed to transport goods, which has slowed the recovery of the global economy. Commodity prices are rising.

The situation is exacerbated by border controls and restrictions on movement, the unavailability of the COVID-19 vaccine internationally, and increased demand from domestic consumers. Therefore, in order to revive the global economy, it is necessary to remove the obstacles in the supply chain. When the flow of goods from one place to another is affected, it will also hamper the production process, resulting in higher prices and costs.

However, experts say the situation in the supply chain could improve next year if comprehensive efforts are made globally to ensure uninterrupted operation of logistics and transportation networks around the world.