“Group50’s Supply Chain Consulting Aligns Your Supply Chain and Operations to your Company’s Most Important Goal and Supporting Business Strategies”
The supply chain is a complex mix of activities that is focused on cost effectively adding value and delivering products and services. Many people associate the supply chain with manufacturing and distribution companies, but every company has one. A supply chain is like breathing. When it is running well it isn’t noticed, but when it goes awry, the whole business suffers. Supply Chains are the backbone of every business and supply chain optimization is a critical strategic objective. We work with clients to create supply chains that are agile and minimize global risk. We routinely provide clients with double digit reductions in supply chain costs.
Supply Chain Management Solutions
Group50’s supply chain consultants have managed supply chains of all sizes ($20M – $4B) and we use the same methodologies for assessing effectiveness. Companies need to be effective at designing products, defining services, forecasting, acquiring materials and resources, purchasing and delivering those products and services to their customers. And, they need to do it with lower cost year in and year out. Supply Chain Optimization is achieved by focusing on the key elements shown in the diagram to the right and utilizing Group50’s Supply Chain Hierarchy of Needs™ as a supply chain strategic planning framework. Optimization occurs when all of the elements are driving increased profits, minimizing working capital and creating shorter lead times.
Each of the elements are intertwined and the planning for an optimized supply chain will be driven by:
- The company’s Most Important Goal (MIG) Strategic Objectives
- Market Value Drivers
- Business Life Cycle
- Vendor Participation and Commitments
- Key Performance Indicators
- Quality
- Total Cost of Ownership
- Strategic Sourcing
- Distribution Cost and Effectiveness
Go to Group50’s Supply Chain Playbook
Utilizing the above directional indicators, we have implemented projects in the following areas:
- Supply Chain Modeling
- Sales, Inventory and Operational Planning (SIOP)
- Purchasing
- Vendor Rationalization
- Product Rationalization
- Distribution System Redesign
- Changes in Technology
- Technology Optimization
- Cost Reduction Programs
- Logistics Optimization
- Kanban
- Inventory Reduction Programs
- Vendor Managed Inventory
- Vendor Scorecards
- Plant and DC Rationalization
- Off-Shoring and On-Shoring
Strategic Sourcing Services In order to optimize a supply chain, it is important to understand the existing strategic and operating gaps in your company, your vendors and your customers. Group50 supply chain consultants provide strategic sourcing services and have designed and implemented optimized supply chains in many industries as a result of the experience and knowledge of best practices and an integrated approach to designing and implementing an optimization roadmap.
The first step is to understand how well your supply chain is doing through our Supply Chain Effectiveness Assessment or our Distribution Assessment. From there, we will work with the senior leadership team to develop an optimization roadmap and implement a continuous improvement program that will generate 5-10% cost improvements, reduced working capital requirements and reduced lead times year over year.
You can find our more about Group50’s Supply Chain Optimization program by calling +1(626)644-9746, sending a note to info@group50.com or requesting more information here.