Engagement Overview:
The client wanted to leverage supply chain management solutions to enhance sourcing strategies across the supply network. To proactively address the challenges emerging due to their inefficiency in managing their supply network, the leading export import business client operating in the middle eastern market approached SpendEdge to devise an all-inclusive approach to supply chain management throughout their global supply network.
About the Client:
A leading export import business firm in the middle eastern market. The client is a prominent player in the export import business industry with multiple branches across various
geographies.
Business Challenge:
The export import business client was facing difficulties in enhancing their supply chain capabilities. To help the client overcome their challenges, the experts at SpendEdge developed a three-step methodology to tactically address the burgeoning nature of an inefficient supply chain system.
How did SpendEdge Help the Client:
- Step 1: Identification and development of a suitable plan
The initial step dealt with the development of a suitable plan. The ‘planning phase’ is the strategic part of any SCM process. Effective planning helps develop the blueprint to fulfill the necessary end requirements. It also deals with the identification of key aspects of the supply chain, including the warehouse design, delivery models, plant size, plant location, and other similar aspects.
- Step 2: Development of effective sourcing strategies
It is essential to emphasize on the development of enhanced sourcing strategies as it enables organizations to identify the reliable suppliers of raw materials that need to be procured. This is a crucial step in the development phase of an effective supply chain management system, as it helps ensure that the production process would never jeopardize.
- Step 3: Execution of the devised supply chain framework
The final phase deals with the implementation of the developed process in order to give shape to the designed plan. The final outcome of this stage was further quantified to ensure maximum efficiency. Also, the solutions were developed in a manner such that it enables the client to enhance efficiency at the execution stage of the supply chain management process.
Key questions answered in this supply chain management study include:
Benefits of the Engagement:
Our experts helped the export import business client develop an effective framework to curtail the risk of a catastrophic supply chain failure due to an ineffective supply chain management system. Redesigning the entire supply chain system enabled the export import business client to enhance supply chain visibility by maximizing the efficiency of the final outcome.
Also, the development of a holistic approach accounted for major changes across the organization’s supply network including – supply chain functions, supply chain data management, and data governance. This, in turn, helped the export import business firm tackle various supply chain challenges to drive efficiency.
Why is supply chain management necessary?
Supply chain management is a crucial process for any industrial organization, as it holds great significance in establishing key supply chain operations. An inefficient supply chain strategy halts processes at the initial stage, which ultimately lowers efficiency of the final outcome.
Moreover, supply chain management systems have undergone a journey of their own for several decades – from the basic system to the more sophisticated algorithm-based ones. Also, owing to the dynamic nature of supply market trends, supply chain management has become an essential function across industries. Factors such as these have compelled organizations to focus on enhancing the cost-effectiveness and efficiency of supply chain operations by implementing a robust supply chain management system.
Our Findings:
While leading export import business establishments often turn to supply chain management solutions to enhance the efficiency of supply chain operations, they quickly realize that a precise supply chain management framework ultimately relies on the consistency and quality of the underlying supply chain data. This case study on the export import business concludes that a flexible supply chain management system forms the foundation for developing and implementing effective supply chain strategies.
