Prioritize supply chain management (SCM)

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Supply chain management

The ‘always-on’ economy is creating more dynamism than ever and placing ever-greater demands on service. Customers want to receive the right products on time, at the lowest possible costs and with the highest possible quality. Supply chain management is often abbreviated to SCM. While the term ‘supply chain management’ might seem to imply the management of goods from suppliers only, SCM actually encompasses much more. Supply chain management can be roughly divided into two components: supply chain planning and supply chain execution.

Supply chain planning

Supply chain planning covers every planning-related aspect within SCM, from forecasting future demand for specific products and how much inventory is required, to deciding which production capacity should be used when and which production sequence creates the most efficiency. Supply chain planning revolves around optimizing processes as effectively as possible and collaborating with suppliers, customers and logistics service providers. This calls for in-depth strategic knowledge of all the processes associated with supply chain management.

Supply chain execution

The other key component of supply chain management is supply chain execution, which can be summed up as the optimal management and control of the physical goods flow. This includes order processing, order picking and deciding on the best location for business activities, but also loading freight efficiently and handling returns effectively. Both supply chain planning and supply chain execution contribute to ensuring that the entire supply chain management (SCM) process runs as optimally as possible.

Supply chain consultancy

Whether we use the term supply chain management, SCM, value chain management or supply-demand networks, one thing remains the same: effective supply chain execution is extremely important. However, many companies struggle to get to grips with supply chain management. It is not easy to set up the entire process – from order to shipment – with maximum efficiency and at the lowest possible costs. At Groenewout, we help you to shoulder this responsibility with our very broad range of professional supply chain consultancy services. Allow us to optimize the financial, organizational, planning-related and operational processes in your supply chain.

Maximizing the benefits of SCM

Our supply chain consultancy is aimed at safeguarding your business objectives and strengthening your position in the chain. In order to maximize the benefits of supply chain management for you, we take a multidisciplinary approach. This ensures that your SCM activities are optimized to achieve effective and efficient results.

How can Groenewout’s supply chain advisors help you?

Effective supply chain management enables you to create competitive advantage, reduce costs, improve your services and pursue a market-leading position. We’re happy to help you achieve your objectives. If you have any questions or would like to receive more information about supply chain management (SCM), please feel free to contact our experts.

FAQs

What does supply chain optimization implies?

To optimize the financial, organizational, planning-related and operational processes in your supply chain. Including optimizing processes as effectively as possible and collaborating with suppliers, customers and logistics service providers.

Why do you need a feasibility study?

After conducting a feasibility study, you will receive our strategic recommendations backed up by a set of pragmatic supply chain management services. Effective supply chain management enables you to create competitive advantage, reduce costs, improve your services and pursue a market-leading position.

Can’t find the answer to your question?

Please feel free to contact our consultants. We’re here to help!

Need advice?

Topics in supply chain management

Supply chain management is a dynamic sector that is changing all the time. Needless to say, at Groenewout we closely monitor the supply chain management hot topics and keep our customers informed about the latest trends and developments.

Supply chain optimization

When it comes to supply chain optimization, digitalization has played an ever-bigger role over the past few years. Quite simply, the right software is crucial for a strong supply chain. Implementing digital technologies and integrating separate business solutions into a single system continues to be a priority. SCM digitalization is aimed at creating a smart, efficient system that improves transparency, cost management, flexibility and responsiveness. Additionally, supply chain optimization is important in the shift from single-channel and multi-channel networks to omnichannel networks, in strengthening the focus on sustainability and in increasing the use of big data and artificial intelligence (AI).

Supply chain risk management

Today’s supply chains are ever-more complex, interconnected and international, and this poses various risks. Companies can manage most of the internal risks themselves, but what about risks in other links in the chain that are beyond their direct control? A solid approach to supply chain risk management is of vital importance nowadays. We can prepare a complete overview of the risks in your end-to-end supply chain to help you analyze, minimize and respond to them effectively.

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