An Omnichannel Supply Chain gives you access to the real-time data and insights you need to make smarter, faster decisions about your business, which can ultimately boost the efficiency and profitability of your entire operation. Discover how your integrated solutions can be tailored to meet your specific business goals and give you a competitive edge, and how segmentation lets organizations boost profitability by tailoring supply chain strategy to each customer and product in portfolio.
Working with an experienced supply chain engineer will help you identify additional performance metrics for your warehouse or distribution center by providing a snapshot of inventory across the entire supply chain (or just a portion of it, if so desired). Inventory management systems track the various moving parts across the supply chain, thus enabling better procurement and replenishment decisions. Generally, while conventional supply chain design efforts can minimize operational costs, focus on leveraging economies of scale can result in over-concentrated resources.
Specific to supply chain networks, managers are concentrating on gaining greater control over operating costs and cutting expenses, improving overall supply chain efficiencies, and attaining greater continuity over supply chain functions. Establishing and implementing best practices is the first step to reducing costs and time wasted in your warehouse or distribution center. The true maturity of the organization can be measured in terms of how – both top down and across the organization – the supply chain is embedded, how the supply chain is really performing at each stage, and how risk is being assessed and acted upon on a daily basis.
Optimize your people, processes and technology to ensure your distribution centers are running at peak performance. The savings on shipping costs are the obvious benefit, and the side effect of fast delivery and customer satisfaction is increased potential for future purchases and higher customer lifetime value. Marketing leaders know that success depends on choosing the right platform to support an intelligent content management process that is fit for the omnichannel era.
Using a supply chain network design is a powerful modeling approach proven to deliver significant reduction in supply chain costs and improvements in service levels by better aligning supply chain strategies. Measuring supply chain performance is a vital task for every manager and organization stakeholder in order to reduce costs and meet supply chain goals. Likewise, when key supply chain data, processes, plans, and people are connected inside your enterprise, organizations get on the right track for efficiency and cost savings.
However, excellent marketing only works when you are committed to quality and have an excellent supply and distribution chain, as well as great production capabilities and a deep understanding of market trends as part of a comprehensive distribution plan. Utilizing reusable alternatives contributes to a well-managed supply chain and increases profitability, and developing an omnichannel supply chain strategy is essential to remaining competitive.
To analyze your footprint, first evaluate your operating principles, capacity utilization, and the shape of your distribution network, as all functions that make up the supply chain should be managed as a single entity rather than managing individual functions separately. In this case, preparing the supply chain for same-day means taking a holistic approach to inventory visibility, management, customer experience and last mile.
An omnichannel marketing strategy should unite all of your channels into a holistic customer experience, as successful supply chain strategies hinge on gaining alignment across the entire organization and defining quantifiable supply chain metrics. In the meantime, invest in supply chain integration software and compatible information systems throughout the chain.
Want to check how your Omnichannel Supply Chain Processes are performing? You don’t know what you don’t know. Find out with our Omnichannel Supply Chain Self Assessment Toolkit: