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Having an End-To-End Supply Chain Partner Is Your Next Move

Having an End-To-End Supply Chain Partner Is Your Next Move Supply Chain April 1, 2024 In today’s competitive business era, it is crucial to maintain efficiency and reliability in the supply chain. Having an end-to-end supply chain helps prevent delays and other mishaps in the process promoting economic growth, and satisfaction of customers, and enhancing the company’s overall development. From the product design, raw material procurement, and delivery of the final product to after-sales and customer services, these steps are complicated and become a challenging aspect for the company to manage. However, having end-to-end supply management services can help solve the problem for business owners. In this article, we will discuss why having an end-to-end supply chain management system is essential, its benefits, and the steps involved. What is an End-to-End Supply Chain Management System? An end-to-end supply chain management is a system that forms a continuous workflow for the integration of all the functions of a business’s supply chain requirements. The end-to-end supply chain is involved in the creation and maintenance of goods and customer interaction. The chain involves procurement of raw materials, manufacturing, distribution, storage, shipping and last-mile delivery, sales, and customer service. Besides focusing on all the operations, it is also involved in ensuring their smooth interaction and optimization of functions to create a holistic view of the company’s supply chain. This helps in the reduction of costs, and waste and increases customer satisfaction. To maintain communication among different parties involved, blockchain technology is being used nowadays. A good supply chain management strategy is aligned with the organizational goals, driven by data-driven insights, and focused on resilience. Why is end-to-end supply chain management required for any company? An efficient end-to-end supply chain management system is the backbone of any successful business. With the changing scenarios in the world especially post-COVID, the need to maintain resilience is crucial for any business to sustain in these subsequently evolving geopolitical changes. According to statistics, more than 82 million dollars is lost annually per company due to disruptions, 30-50% of EBIDTA is lost due to a single, prolonged production shock and almost 60% of the SMBs experience 15% or more revenue loss due to supply chain delays. To deal with all the above issues, and end to end supply chain management becomes all the more important. End-to-end supply chain management processes help to predict and help mitigate the risks of any crisis. It helps in increasing productivity at the workplace and improves information system security. It helps in mitigating risks and reduces the chances of financial losses. It helps in better inventory management and improved supplier relationships. The best technologies such as digital platforms, AI, analytics ML, etc. are deployed by companies to enhance the capabilities of their supply chain analytics and provide strategic direction for the companies. Benefits of end-to-end supply chain management There are various advantages of having an end-to-end supply chain management system for the company. Some of them are mentioned below: 1. Streamlined and efficient operations: The multiple vendors are managed and efficient communication is maintained, which ensures a seamless flow of goods. The entire supply chain processes are streamlined and integrated, decreasing the number of steps between the production process of a company and its customers. This leads to increased efficiency and overall growth of the company’s revenue and reputation. 2. Cost Cutting: If the end-to-end supply chain management process is managed properly, it helps greatly in reducing the various costs related to the production or delivery of products. By identifying and eliminating the inefficiencies in the process, it helps in obtaining significant cost savings for the business. 3. Increased Visibility and Quick Issue Resolution: The real-time insights and transparency which is provided in the end-to-end supply management process help in proactive decision-making. This end-to-end visibility also helps in identifying the issues and enables quick problem solving which minimizes disruptions and ensures smooth operations. 4. Improved Customer service and enhanced customer satisfaction: All the information regarding the order status, delivery dates, potential delays, etc. is now transparently visible to the customers by incorporating a digital supply chain management process and utilizing real-time data. This helps in enhancing the overall customer experience, building trust, and improving customer services. 5. Scalability and Flexibility By offering scalable solutions as per the requirements and changing demands of the market. For instance, to meet the increasing needs during the peak season or adjust inventory levels in the peak season, the end-to-end supply chain management process provides flexibility and helps be responsive and agile to adapt to the changing market situations. Implementation of end-to-end supply chain step-by-step 1. Setting up the Objectives The reason why end-to-end management is required and what the company wants to achieve through its establishment should be specific, clear, and measurable to track the progress over time. 2. Formation of a Steering committee All the members of the company from different fields like engineering, marketing, human resources, accounting, etc. who will be responsible for implementing the E2E supply chain management should be represented on a steering committee. This committee should now be responsible for providing guidance, and leadership in planning and making decisions related to the supply chain. 3. Creation of a Blueprint A blueprint to be used for the implementation must now be created after the planning related to the E2E supply chain is done and the objectives have been set. This blueprint has information related to the nuances of the specific action items to be delivered the process involved, and the future objectives and milestones. 4. Decision of Timeline The timeline for the implementation of the end-to-end supply chain’s goals should be created. The timeline for all the important events including internal meetings, and meetings with customers and suppliers should be made. Improve your End-to-End Supply Chain Management with Eagabriz At Eagabriz, we use our experience, knowledge, and technology to streamline the best end-to-end supply chain management for our clients and also be their strategic partners. Our established network across the globe ensures easy transportation

India’s Logistics Evolution

India's Logistics evolution

India’s logistics and supply chain sector are experiencing a profound transformation fueled by cutting-edge technologies such as the Internet of Things (IoT), blockchain, and Artificial Intelligence (AI).