‘Streamlining my supply chain seems like the right thing to do, but, is it more effort than it’s worth?’
The short answer is no. The long answer…
In the time that you read this post, how many of your suppliers are:
❌ Sending critical data through unsecured means such as email, USBs and FTP sites?
❌ Going round formal processes as a ‘short cut’?
❌ Wasting valuable time doing admin work such as filling out project onboarding forms to send over to your team ready to be onboarded?
❌ Breaking your compliance guidelines through manipulating processes and failing to document vital information?
❌ Causing critical time delays due to lack of training on your processes, software and procedures?
Now, consider each of these points over the course of 6 months or a year. How much time has been lost? How many inefficiencies are manifesting within your supply chain, causing unnecessary project delays? – If the answer is more than 1, it’s too many. In a world of endless competition, you cannot afford to have a vulnerability in your supply chain.
Key Tips to Streamlining your Supply Chain
- Outline, review and optimise all internal and external processes carried out within your organisation and with third parties.
- Explore how automation could benefit your supply chain, even automating simple but tedious admin, or procurement tasks can increase time savings and drive efficiency.
- Integrate all suppliers and supply chain data into a single, secure environment.
- Think about the future – Make sure that your supply chain is set up correctly and can remain resilient in years to come. Don’t merely react to the storm, better yet, work out how you can ride the wave during and after the storm.
What are the benefits of streamlining your supply chain?
The obvious ones:
✔ Increased time savings.
✔ Increased ROI and reduced waste.
✔ Increased supplier and organisational efficiency.
✔ Less delays due to rework or suppliers failing to meet requirements and standards.
✔ Having a single, secure and centralised environment for all supplier communications and activity.
The less obvious ones:
✔ A quicker procurement and sourcing process – with the ability to hold and evaluate supplier readiness and training assessments, you can easily assess which supplier would be best for the job.
✔ The age of the responsible supplier – Encourage suppliers to take ownership of their site and contact details, as well as onboarding to projects and completing tasks.
✔ Being confident that your suppliers are compliant with your security and project standards.
✔ Align suppliers with your toolsets and data formats to ensure compatibility and reduce rework.
✔ Create an engaged, collaborative and dynamic supplier base.
Discover how enerjyhub can help…
Arrange a zero-obligation discovery session with our team to help you identify what you can do to streamline and optimise your supply chain.