controlling your supply chain
TRANSCRIPT
7 WAYSTO CONTROL YOURTO CONTROL YOURSUPPLY CHAINSUPPLY CHAIN
“A SUPPLY CHAIN IS THE FLOW OF PHYSICAL GOODS, INFORMATION & FINANCE”
“A SUPPLY CHAIN IS THE FLOW OF PHYSICAL GOODS, INFORMATION & FINANCE”
CASS BUSINESS SCHOOL
TIP # 1TIP # 1MAP OUT YOUR SUPPLY CHAIN
Mapping out your extended supply chain is essential to understanding and controlling it.
Source: Global Manufacturing Outlook, KPMG, 2014
of manufacturers reported a lack of visibility across their extended supply chain.
40%
how reliable and diverse are your
suppliers?
how happy are your employees?
What would happenif a manager left?
do you have contingencies
if the worst happens?
businesses that ignore negative
information react more slowly in
crisis situations.
TIP # 2TIP # 2IDENTIFY WHAT CAN GO WRONG
Supply People
Internal risks = You can control
Plans Culture
TIP # 2TIP # 2IDENTIFY WHAT CAN GO WRONG
Demand Supply
External Risks = Outside Your Control
Environment Businessunexplained or
poorly anticipated changes in demand.
unpredicted supplierissues, increased
competition.
commodity gluts, economic downturns,
climate, war.
financial planning and management.
TIP # 3TIP # 3MAKE CHANGES, CREATE CONTINGENCIES
Mitigate your risks by addressing internal stress points andcreate contingencies for external risks outside your control.
TIP # 4TIP # 4STAY AHEAD OF TRENDS
If you fall behind, your business model and supply chain could become obsolete.
Identify which new technologies could affect your supply chain.
TIP # 5TIP # 5OPTIMISE ONLINE
448% m-Commerce growth in Australia from 2010 to 2013*
Amount spent by Australians online in the year to April 2015**
Of Australians receive an online shopping parcel each month^.
$16.9b 55%
Source: ^Consumer Parcel Receivers Survey, Australia Post, April 2015.
Source: *m-Commerce: Mobile transactions in Australia, ACMA, June 2014Source: **NAB Online Retail Sales Index, National Australia Bank, April 2015
TIP # 6TIP # 6KNOW YOUR CUSTOMERS
$$$
Should you be competing on price or delivery time?
TIP # 7TIP # 7LOOK OUTSIDE
New market entrants and smaller players can benefit from outsourcing logistics, especially when entering overseas markets.
REMEMBER, KEEP IT SIMPLE
Identify the risks toyour supply chain.
Build resilience into your daily organisation
practices.
Successful businessesare proactive not
reactive.
Learn from mistakes.
Prevention Preparedness Response Recovery
WITH GROWTH COMES COMPLEXITYTO SUM UP: TO SUM UP:
This can distract you from focussing on your core business.
MAP OUT YOUR SUPPLY CHAIN AND IDENTIFY WHERE
YOU NEED HELP.
MAP OUT YOUR SUPPLY CHAIN AND IDENTIFY WHERE
YOU NEED HELP.
CALL 13 2345 TO FIND OUT HOW STARTRACK CAN ASSIST WITH YOUR SUPPLY CHAIN