Supply Chain Management

Supply chain management (also known as logistics management) is the process whereby a given product is monitored from start to finish – from supply of materials to reaching the end user/consumer – whilst integrating & co-ordinating relevant information and finances into said process.

The supply chain typically involves:

• the raw materials;
• the manufacturer;
• the distributor;
• the wholesaler;
• the retailer; and
• the customer.

The supply chain makes explicit the downstream relationship between supply and demand. Why having oversight and control over the supply chain process is made clear by Accenture:

• Supply chain management impacts business performance as it accounts for as much as seventy percent of operating costs.
• Supply chain initiatives have the potential to cut cost costs, improve efficiencies, enhance customer service and revenues, and improve competitiveness.

In short, effective supply chain management improves customer service and boosts the bottom line.

Willaton has extensive experience in this field, and are willing to consult with your business about how to improve your supply chain and better your KPIs. Contact us today.