Thanks to the Internet, supply chain management now moves faster than ever before. The basic principles, however, are the same: optimize what you buy, when you buy it and where you buy or store it. Squeeze enough dollars out of the cost of goods, and you'll improve your bottom line.
Companies like Dell Computer Company and Ford Motor Company have developed some notoriety for stream-lining their e-supply chains and are called cutting edge by some, but it doesn't take a razor to apply these simple steps and optimize your e-supply chain:
1. Collect as much information about your current online supply chain management and implementation as possible
2. Identify and troubleshoot areas that need to be improved
3. Take proactive steps to improve your electronic supply chain management
Hunt down supply chain informationCollect documentation, invoices and receipts or a record of such so that you're dealing with hard facts and figures. Consult with your purchasers and sellers to clarify anything that isn't immediately clear. Your goal is to understand why purchases were made in that particular place, at that particular time, for that particular price.
Eliminate e-supply chain problemsIf your supply chain is functioning well, you're beyond fortunate! Most of the time, though, you'll find at least a few small areas that can be improved upon. Choose ways of troubleshooting the problems you've found.
Enhance your electronic supply chain managementIn all but very small businesses, e-supply chain software can do a lot to automate and optimize your buying, selling and shipping operations.
- If you're already a seller in the Internet supply chain, shouldn't you be applying the same principles to selling as you just did to buying? Follow the same general action steps with an eye toward optimizing what, when and where you sell. If you're not already a seller - shouldn't you be?