In an economy where how a supply chain performs determines who will win the battle, it is important to achieve maximum benefit from a supply chain and create a competitive advantage. There is always a pressure to contain costs and produce results despite challenging circumstances.

1. Best Practices for an Efficient Supply Chain Process
In an economy where how a supply chain performs determines who will win the battle, it is important
to achieve maximum benefit from a supply chain and create a competitive advantage. There is always
a pressure to contain costs and produce results despite challenging circumstances. Instead of simply
improving the supply operation, it is more important to transform it by adopting suitable methods, and
processes that will make the organization.
It is possible to create an efficient supply chain by implementing the following best practices
● Set up a supply chain committee
In most cases, objectives and strategies of a supply chain organization differs from their companies'
stated objectives and strategies. By providing constant, consistent validation that the supply chain
strategy directly correlates with the corporate strategy, a committee can prevent this from happening.
● Proper staffing in the supply chain
Correctly staffing the supply chain organization is vital to success. Elevating staff members' supply chain
management skills and knowledge is always a priority, of course. But top leadership focuses more on
strategy and is less concerned about transactional ability.
● Choose the right technology
It is important to review the processes that need improvement, and only then select the technology that
best satisfies those process needs. So choose way to use technology to produce beneficial information
without having to perform various "work-around" to extract and view the data. Opt for a solution that can
automate, rationalize, and optimize the processing of the end-to-end after sales business process. It
integrates the entire value network of all the collaborating parties and systems.
● Create association with suppliers
Establishing an alliance or association with the suppliers helps in providing a mechanism to ensure that
the relationship stays healthy and vibrant, creating a platform for problem resolution. It also helps in
developing continuous improvement goals with the objective of achieving value for both parties as well as
ensuring that performance measurement objectives are achieved.
● Focus on total cost of ownership (TCO).
Identifying the total cost of ownership requires looking at the entire process of procuring and consuming
the product or service, something that can only happen with cooperation and input from both the buyer
and the seller. Establishing a "total cost of ownership" mindset is a goal that the supply management
organization needs to embrace and perpetuate throughout the entire enterprise.
In order to implement efficient supply chain process solutions for customers around the world, opting for
an efficient solution that spans across the entire order fulfillment process from order receipt to fulfillment
based on order agreements is the best option. With simple rules and best practices, and implementing
cloud based processes, you can reduce your return costs and keeping more customers happy.
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