Skip to main content

Supplying your goods and services: You need to handle it effectively and efficiently


Hello readers, there are some places you go to and you realise they do not have what you want despite the brand being a reputable one. You prefer their product, however, the supply chain of the maker of the product is not on point. Today I will be writing about how you can improve your supply chain so that your goods and services will be supplied in an effective and efficient way. A supply chain focuses on the creation and sharing of products within a network. It starts from when you buy the raw- material to its conversion into finished products and finally delivering it to customers.

Some world market leaders have attained such a position through an enhanced way of supplying goods. Supply differentiation is one way to stay competitive, some world market leaders (company) use technology that will help you them know the right time to deliver goods and services to their customers. This helps their business do well. Even after a market leadership position has been attained you must always  come up with ways to improve your supply chain, so that what you have does not become redundant after competitors come up with better ways to deliver their goods. When you improve your supply chain despite being the market leader it helps you to respond to changes in the market promptly.



Some companies incorporate high-speed supply chain so that they can deliver products faster than their competitors. A way you can use to improve the supply chain management skills of your company is to analyse your data about your customers accurately, to know the time when you are meant to deliver your goods accurately. You should also have a meeting with the leaders in your company so that strategies that can improve your supply chain can be developed during the meeting. During this meeting you should motivate your team to identify risks that your supply chain might encounter so as to readily have a solution for them ( just in case anyone of them happens). Incentives should be given to staff it must tailored in a way that they will be motivated to put their best into  the delivering of goods.

Another way to improve your supply chain is to divide your products and customers into segments so as to be able to create strategies tailored to the need of each segment. Hope you have gained a thing or two. That is all for today.

Thank you for reading this article, Keep checking my blog regularly. Cheers!

Comments

Popular posts from this blog

How can your strategy be successful

Hello readers, today I will be telling you about ways to make your strategy a successful one. The scope is your strategy must be fit, in other words your strategy must be consistent with the environment your business operates in. When I say environment, I am talking about both external and internal environments. Thus, you must understand the political, economic, socio-cultural, technological and legal environments your business operates in. The environmental protection that affects your organisation must also influence you when formulating your strategy. Therefore, PESTEL analysis can be used to understand the external environment of your business. The internal environment also needs to be understood, as your strategy must also be in alignment with the internal environment. Understanding your internal environment will help you know the resources your business has, the capabilities of your business as well as the structure and system. The SWOT analysis can be used to help y...

How to Make Money from Gold

We used to operate in a gold standard system in the past, it is common knowledge that we presently operate in a dollar based system.  A system where each country measures the value of its currency against the dollar for the dollar based system and the gold for the gold standard system. The gold used to be a yardstick for measuring the value of a currency, although it is no longer used to measure the value of currencies these days, it has maintained it's prestigious value. Gold a very valuable metal, its prices depreciates at times and appreciates other times, but looking at its trend over 100 years, the prices have always appreciated over 10 years or above. From 2006 to 2015, the gold price per ounce appreciated by 200%, while from 2002 to 2015 it appreciated by 300%. So Long term investors go ahead and purchase gold. You must always pay zakat on the value of your gold when it reaches the nisab which is 87.48 grammes. However, you can give charity (sadaqa) from it. Alla...

The Istikharah Prayer

Hello readers , today I will be telling you about the Istikharah prayer. It is a prayer of guidance. When you want to make a major decision in your life, it is best you seek Allah's guidance. You should always pray to Allah to guide you through the right path in your daily activities. Istikharah prayer is recommended for a major decision such as getting married, starting a business and others. How do you perform the Istikhara prayer? Make two rakats (Nafila). During your first rakat, after reciting Surat Fatiha recite Surat Ikhlas, during your second rakat  after reciting Surat Fatiha recite Surat Kaafirun. After saying Asalam Alaykum Waramatullahi to the right and then the left recite this: "Allahumma inni astakhiruka bi-ilmika wa astaqdiruka biqudra-tika, wa as'aluka min fadlikal Azeemi fainnaka taqdiru wa la aqdiru, wa ta'lamu wa la a'alamu, wa Anta Allamul-Ghuyubi, Allahum-ma in kunta ta'lamu anna  [then mention the thing to be decided] khairun ...