Frequently Asked Questions
What is a supply chain?This represents ALL activities that go into producing a product or service, from your supplier’s supplier to the product reaching the consumer. This includes the broad areas of Plan, Source, Make (manufacturing and packaging), and Deliver (warehouse and distribution). It is all steps that go into converting raw materials into a finished product. Whilst we focus on the forward process, bear a thought for what your return process looks like (reverse logistics).
What is a value chain?A value chain are typically those activities that create or add value to the product. In other words, the value chain is adding ‘something’ to the product that the consumer or customer is willing to pay for.
Is supply chain a good career choice?Supply Chain is a terrific career choice for anyone. It is common to find that individuals interests, goals and career choices changes over time. A benefit of careers is that there are many options and career choices to which you can easily change too.
What does a good supply chain look like?A good supply chain is one that adds the maximum value to a product or service whilst generating minimum waste. These supply chains have people that have the right capability and display the correct behaviour in contributing towards improving the supply chain. A great supply chain must have the right people, right processes, and right systems. It must continuously focus optimising with the entire organisation realising that the improvement journey is continuous.
How can supply chains be improved?There are various methodologies and techniques that can be used to improve supply chains. Some of the ways to improve your supply chain is:
• Optimise your distribution network. Inclusive of warehousing, logistics and the order to cash process
• Monitor all aspects of your working capital and cash flow (example: Inventory levels, creditors and debtors)
• Track inventory (raw material, packaging material, finished goods, engineering spares, etc.)
• Drive carbon footprint reduction projects
• Establish sound KPI tracking and performance management
• Ensure the strategy is converted in sound tactical and operation plans with performance metrics