Supply chain is the activity and process of sourcing the necessary components or raw materials required by a business to produce a service or product and deliver it to customers. At Bossard, we offer comprehensive logistics services that are critical to an efficient and reliable supply chain. Let’s take a closer look at a quick guide to supply chain logistics and how Bossard’s solutions can help create efficiencies and improve productivity.
Planning
The first step of the supply chain should involve comprehensive strategizing, including market research, cost projections, viability, projected profit margins, manpower, etc. During this phase, all resources should be planned and managed to meet the demand for the service or product. And if you fail to plan, you are planning to fail. It’s imperative to devote enough time to the planning phase to achieve long-term benefits. You should also determine which metrics should be used to measure the efficiency of the supply chain and ensure it meets enterprise goals.
Sourcing
Your suppliers are an irreplaceable link in the supply chain. Without the ability to efficiently and effectively source the raw materials or parts you need, your product or service is destined for the wayside. Your supplier should be able to supply good quality resources and products that are on time and within the budget. The experts at Bossard are proven to check all the boxes and more.
Inventory
Inventory management, movement, and storage sit at the heart of supply chain relationships. Most of the activity involved in managing a relationship hinges on the purchase, transfer, and management of inventory. Organizations must:
- Meet downstream customer demands that are almost impossible to forecast with accuracy and precision.
- Deal with suppliers upstream and maintaining a sufficient supply of materials and goods.
Bossard’s Smart Factory Logistics systems can help strike the ever-elusive balance between meeting customer demands and reducing your total cost of ownership by taking care of B- and C-parts management.
Transportation
Often called delivery or logistics, the transportation stage involves coordinating customer orders, scheduling delivery, load dispatch, customer invoicing, and payment receipt. This step relies on vehicles to deliver products to customers.
Returning
As a supplier, you’ll need a flexible and responsive network to receive excess, defected, or unwanted products. For instance, products that are excess or unwanted may be redirected to a warehouse for sale. On the other hand, a defective product may be scrapped or reworked. In either case, it’s imperative to have a reliable and robust network for returns.
How Can Bossard Help with Supply Chain Management?
At Bossard, we offer an array of solutions designed to add value to your supply chain by helping you overcome key challenges. Our Smart Factory Logistics is tailored and engineered to meet the specific needs of your business. Enhanced by custom solutions and innovative systems, Bossard’s Smart Factory Logistics incorporates the Internet of Things to your factory and facilitates machine-to-machine communication. You can focus on your core competencies, while the Bossard team focuses on making your C-parts management system leaner and more transparent.
Contact Bossard today at ProvenProductivity@bossard.com to learn more about how we can help improve productivity and enhance your supply chain.
The Quick Guide to Supply Chain Logistics by Bossard
