SpendEdge’s Supply Chain Management Study – A Move Towards Better Inventory Planning and Cost Savings
Challenges Facing the Food and Beverage Industry
The food and beverage industry has been soaring the heights of success in terms of innovations and the adoption of the latest technologies. The global food and beverage industry is highly consumer driven with a multi-dimensional and global network that has transformed the consumers’ eating habits and preferences. While in the past years, the food and beverage market witnessed immense growth and complex patterns, a recent study shows that companies in the food and beverage industry are asset intensive, at the mercy of global commodity markets, and face both low margins and high demand variability. Moreover, across the value chain, various internal and external pressures will continue forcing companies in the food and beverage industry to increase operational efficiency, performance, resilience, and global supply chain management.
Despite the uniqueness of their product, manufacturers in the food and beverage industry still face logistics and supply chain management needs and improvements. In fact, the food and beverage industry needs global supply chain management and inventory management solutions to help keep their inventory controlled and shipments moving in a timely manner.
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Global Supply Chain Management: Reducing Delivery Time from Warehouse to the Customers by 50%
About the Client: A leading food and beverage industry manufacturer with business units spread across 17 countries. Based out of the United States, the company generates an annual income of over USD 20 billion.
The Business Challenge: The client, a leading firm in the food and beverage industry, wanted to keep their inventory controlled and shipments moving in a timely manner. The beverage industry client realized that as the technology improves, and the need for safe and fresh food advances, their ability to understand the unique hurdles and come up with effective logistics and supply chain management solutions may be the only way of keeping their food supply fresh and safe to consume. Moreover, without a strategic approach to their global supply chain management and inventory plans, they encountered costly risks from waste, improper storage, and product outages, which affected customer satisfaction. By leveraging SpendEdge’s logistics and supply chain management solutions, the food and beverage industry client was looking to profitably satisfy market demand by dynamically sourcing materials, optimize production and manufacturing plans, reduce distribution costs, and slash lead times.
Solutions Delivered: The logistics and supply chain management solutions provided by the procurement experts at SpendEdge helped the food and beverage industry firm to successfully onboard new suppliers, manage compliance with regulations, inspection, and control requirements through multiple supply-chain tiers. SpendEdge’s global supply chain management solution helped the beverage industry client to gain a thorough knowledge of all the parties involved in producing, storing, and distributing the ingredients and products. The logistics and supply chain management solutions helped them analyze the potential vulnerabilities and risks in the supply chain. This subsequently helped them redesign and revolutionize their logistics management system.
In addition, our logistics and supply chain management solution helped the client to improve transportation and inventory planning, increase transportation management efficiency, and track just-in-time delivery metrics by analyzing shipping schedules. The logistics and supply chain management solutions helped the food and beverage industry firm reduce delivery time from the warehouse to customers by 50%.
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Why Leverage our Logistics and Supply Chain Management Solutions?
Logistics and supply chain management helps businesses to streamline their operational structure, starting from inventory management to dealing with any possible incidents of disaster management. Additionally, an effective solution for global supply chain management helps organizations to attain a sustainable competitive advantage and maximize customer value. It also helps organizations to streamline their operational structure, starting from inventory management to dealing with any possible incidents of disaster management.
A global supply chain management process involves designing, planning, executing, controlling, and monitoring of strategic supply chain strategies and activities. This helps the organization to develop a competitive infrastructure, create market net value, support worldwide logistics, synchronize demand and supply, and measure performance globally. Also, with the aid of an efficient logistics and supply chain management solution, organizations can diagnose problems and disruptions accurately.
Unlock hidden performances and efficiency across your logistics and supply chain operations. Contact us!