Business Supply Chain Management
Your team’s business supply chain management (scm) skills can significantly impact the success of your business. Transparency throughout your workflow processes allows you to visualize every turn raw materials make on their way to becoming finished goods, so you know where you are performing well and where you need improvement.
We’ve recently endured the worst possible outcomes of supply chain disruption both internationally and domestically, revealing areas ripe for improvement if we’re to better prepare for future chaos.
Managing your supply chain to withstand the effect of radical changes, whether they be rising costs of fuel, inflation, and labor or difficulty receiving materials, can help you to shore up your greatest vulnerabilities. Your team, vendors, resources, production process, equipment and technology all play vital roles in your success. Managing them with sophisticated software can provide the necessary competitive edge to stay afloat and thrive through the most challenging times. SOS Inventory software can provide this important advantage.
Supply chain management software for small business owners should provide a wide choice of manufacturing, order and inventory features at an affordable price.
What are the various business supply chain management models?
- Fast – If your business changes products to keep up with trends, you’ll use a fast model to quickly deliver product to market and strive to sell out that inventory before it becomes obsolete. This would apply to products such as furniture, clothing, and vehicles.
- Efficient – In competitive markets, the focus is on lean inventory management practices to reduce costs wherever possible to remain profitable.
- Continuous – Items with steady demand throughout the year are more predictable. These may be food items such as bread or eggs.
- Agile – If your business must adapt quickly to trends, you need to have the tools in place to order new materials and change production steps quickly to stay relevant. Many fashion brands use this method.
- Flexible – If your business experiences demand fluctuation throughout the year, you need the flexibility to adapt to those changes quickly. Having multiple suppliers and production tracking in place are essential.
- Custom – For make to order products where there is product customization, using a custom model to combine agile and continuous models allows your business to apply the right method to the individual product type.
How SOS Inventory Can Help
Business supply chain management involves managing a great deal of data from one end of the business to the other. It can be difficult to understand all the parts and pieces behind the scenes if not given a powerful tool to manage and digest it easier. SOS Inventory takes all the information – materials, production, costs, labor, and actions that tie them together – and presents the information consistently for every department to use. Over sixty different reports are available on a whim to analyze information and make decisions based on change in demand or other variables. SOS is the right tool for efficient supply chain management, customizable for the information you need to work with day to day.
Supply Chain Management Best Practices for Businesses
Getting the right products at the right place at the right time requires a skilled team, robust software, communicative suppliers, and product performance insights.
SOS Inventory will provide you with complete business supply chain management control by tracking each product along its path complete with any relevant data as it moves and transforms to become a finished product. SOS Inventory also provides tracking after the sale for serialized inventory and RMA processing for returns.
Empower your team with a comprehensive software designed to keep you on the pulse of inventory and manufacturing control.