#supply chain consultancy

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Ensure Your Firm Is Ready To Optimise Its Supply Chain This Coming Year - KTL UK

As 2024 looms, what should your organisation be doing to optimise its supply chain? 

Over the last few years, businesses and organisations of seemingly all types and sizes have had to get accustomed to ever-increasing talk of supply-chain friction, and the need to loosen that friction to ensure continued smooth operations. 

Since the onset of the 2020s, the COVID-19 pandemic has certainly had much to do with that situation. The crisis brought about port congestion and staffing shortages, with these effects serving to imperil some organisations that depended on uninterrupted supply chains. 

Yes, we’re now into the concluding stages of 2023, and the coronavirus crisis is not at the forefront of the news headlines in the manner that it once was. But a variety of geopolitical tensions around the globe certainly have been on the agenda lately, introducing fresh challenges even as many companies have sought to recover from the pandemic. 

3 things your firm can do right now to keep its supply chain healthy 

On a certain level, supply chain management might seem like a disarmingly straightforward concept; it simply relates to the process of getting goods from one location to another. 

But of course, with so many stakeholders involved in the operations of cross-border supply chains, the actual process of keeping your own company’s supply chains functioning in a relatively slick and smooth manner, can be arduous and headache-inducing. 

With that in mind, you might be looking to take any of the following steps to help “futureproof” your firm’s supply chains for the further challenges that 2024 will surely bring: 

Embed resilience into your supply chain 

There was a time when, if a given organisation approached a supply chain consultancy such as KTL, this was probably with a view to the particular firm making its supply chain leaner, including through keeping inventory levels relatively low. 

Times, it is fair to say, have drastically changed. Today, there is much greater awareness of how vulnerable the leanest supply chains can be to unanticipated disruptions – so, “resiliency” is a much more prominent watchword than it used to be. 

And how might your own organisation incorporate greater resiliency into its own supply chain operations in readiness for 2024? Well, you might instigate a variety of changes, such as basing the production of your organisation’s goods closer to where the demand for those goods occurs, and/or developing a broader supply network, in order to lessen dependence on a small number of suppliers. 

Your firm may also be seeking to optimise the management of its inventory at this time in accordance with a “just-in-case” model, whereby inventory is kept in larger quantities at different “hot spots” along the supply chain. 

Continue to make the most of the latest relevant digital solutions 

No business should be upping its commitment to the use of digital tools simply “for the sake of” doing so. However, it is undeniable that many such digital solutions are constantly coming on stream that could be highly relevant to the objective of supply chain optimisation. 

Perhaps your organisation could be doing more to enhance supply and demand predictability, for instance, through the implementation of digital planning tools? Or maybe you should be taking a closer look at whatever supply chain management software your organisation is presently using, and considering whether it is still the right solution for keeping your supply chain suitably integrated? 

Then, there are such other potentially relevant technologies as the Internet of Things (IoT) for the purposes of shipment tracking, and artificial intelligence (AI), which could play a profound role in the ever-greater automation of your firm’s supply chain. 

2024 looks set to continue demonstrating that “digital transformation” is far from a mere buzzword when it comes to how a company can best improve its supply chain and logistics processes. 

Strive to make your supply chain more sustainable 

Something else that is not of merely superficial importance as far as a company’s efforts to improve its supply chains are concerned, is sustainability. 

Sustainability might seem to be something that a business is advised to pursue for purposes of environmental friendliness alone, but there are many more reasons why it should be an uppermost priority. These include the opportunities that it brings to help drive down an organisation’s costs, increase productivity, and enhance profitability. 

So, if you are considering sustainability-focused changes across your organisation and how it manages its supply chains – such as the use of “green” solutions to improve your logistics processes, and working closely with carbon consciousness organisations – 2024 could be the moment to redouble your firm’s efforts towards it. 

That priority ought to be especially great, given that the supply chain typically accounts for the largest chunk of an organisation’s carbon emissions. 

Is your own business on the lookout for supply chain consultancy services and expertise that could be instrumental in its ongoing transformation for a rapidly changing world? If so, our team at KTL would be pleased to extend to you the benefits of our own knowhow and experience as 2024 draws ever-nearer.  

[bisham456]

Supply Chain Consulting And Options

Supply Chain Directors and Managers are a breed of Programme Managers with many stakeholders, requiring the regular trade-off of many constraints and dangers to maximise the advantages to the corporate. Labor supply is predicted to evolve significantly over the subsequent decade, because of fast development in rising economies and moderate growth in developed economies influencing the labor pool available to organizations. Current supply chain strategies must adapt to accommodate these projected adjustments in order to guarantee organizations can survive in the long run. Which of our supply chain companies will prove most helpful to your group is dependent in your wants, which differ from business to industry.

SCALA Consulting is a quantity one international supply chain and logistics consultancy providing Independent, Objective Expertise. At this stage, the provision chain consultant will present a fully detailed report giving the ‘story’ of the project. This includes sourcing suppliers, managing tenders and project managing implementation. Become part of the most comprehensive contact listing of service providers in the international trade, commodity and export finance markets.

We may help you by thoroughly analyzing the problem and suggesting exact, realistic, and environment friendly solutions. Our track report of success in supply chain consulting across quite lots of industries unquestionably offers us an advantage. We have countless examples of how we now have helped companies in quite lots supply chain consulting of disciplines improve their performance, dependability, and effectivity whereas reducing operational expenses. Getting to grips with the direct and dispersed impacts of merchandise, services and operations is the first step. It means understanding the footprint of the full value chain and taking appropriate action.

We’ve also grown our portfolio, reaching a shopper base of over 300 firms, and over 500 accomplished initiatives. We build successful, long-term relationships with shoppers, with high ranges of repeat business and suggestions. Clients embody major grocery retailers, FMCG manufacturers supply chain consultants uk, wholesalers, style manufacturers, fast growing e-commerce retailers, utility firms and many more. Build your staff's capabilities and abilities and embrace hybrid working to increase productivity, engagement and efficiency.

In the search to provide quality service and satisfy clients, world-class companies alongside the provision chain are guided by the Seven Rights of Fulfillment. Whatever your necessities are, we tailor our supply chain consulting services, specifically that can help you. Capabilities are assessed on the breadth of depth of Supply Chain offerings, advisory and implementation expertise in Supply Chain, the observe record of consulting projects delivered within the area of Supply Chain and the quality of thought leadership. Planning refers supply chain consultancy to the analysis and selection of different options offered inside an operations strategy, corresponding to deciding whether or not to fabricate a product or buy from an exterior supplier, or whether or not items are made to inventory or to order. It also entails mapping out the manufacturing facilities network so as to decide the degrees of manufacturing and arrange environment friendly transportation between sites.

Our service delivery teams are consultants in all features of procurement, including the latest tools and processes. We work carefully along with your staff to grasp your specific enterprise priorities in order to frequently ship glorious and sustainable value. GE Healthcare, a global leader in the supply of diagnostic prescription drugs, have been struggling to stability the stock required to assist their market while meeting company working capital expectations. Modelling the “cost to serve” across the availability chain delivered a strategic positioning of inventory and an working model change that improved availability and suppleness while decreasing working capital.

This stage encompasses all of the steps from processing inquiries to choosing transportation choices, as nicely as warehouse and stock management. Our expert consultants can identify cost-down opportunities within most warehouse and transport functions via leveraging their publicity to greatest practice across a wide range of cross-sector firms. Our advice is practical and based mostly on fair and attractive business instances, whether or not it involves bodily adjustments, investment in equipment or systems developments to attain the desired cost reductions in your operations. BoxLogic is a management consultancy providing independent, skilled supply chain and logistics advice. We lead and help initiatives for clients globally either on-site or from our base in London, UK. Supply chain consulting requires wonderful management experience and the potential to professionally execute the services listed above.

[weassistcoa]

Supply Chain Consultancy | Weassistco.com

Weassistco.com provides strategic supply chain consultancy services to organizations of all sizes. Our experts have years of experience in managing and optimizing supply chains for maximum efficiency and cost savings. For more information visit our site.

[grouplion]

Optimizing Your Supply Chain for Success: Consulting Solutions in the UK

The importance of a well-structured and efficient supply chain cannot be overstated. In today's business world, where competition is fierce, and customer expectations are high, a well-optimized supply chain can be the difference between success and failure. Supply chain consulting in London has been gaining popularity across the UK as businesses realize the benefits of outsourcing their supply chain management to experts in the field.

What is Supply Chain Consulting?

In supply chain consulting, a group of experts looks at a business's entire supply chain process and determines how to improve it. The team works closely with the business owners to find ways to improve, make a plan, and make changes that make the whole supply chain process run more smoothly. The goal of supply chain consulting is to help businesses create a lean and efficient supply chain that cuts costs, improves customer satisfaction, and makes more money.

Revolutionizing Businesses across the UK

The old way of managing the supply chain is no longer useful, and businesses all over the UK are starting to realize this. Supply chain consulting UK is helping companies change how they manage their supply chains by giving them new ideas and information about the latest industry trends.

One way supply chain consulting is changing businesses in the UK is by putting technology into the supply chain process. Artificial intelligence, machine learning, and automation have made the supply chain process more efficient and saving money.

Adding sustainability to the supply chain process is another way supply chain consulting is changing businesses all over the UK. Consumers are becoming more aware of how their purchases affect the environment, which gives businesses that put sustainability at the top of their supply chain management a competitive edge.

Importance of Supply Chain Consulting Services

Supply chain consulting services London varies depending on the needs of the business. The following are some of the services offered by supply chain consulting firms:

Logistics Optimization to cut costs and increase efficiency entails streamlining transportation and logistical procedures.

Procurement Optimization involves optimizing the procurement process to reduce costs and improve supplier relations.

Inventory Management entails determining the optimum stock of items to maximize efficiency and decrease losses while increasing profits.

Supply Chain Strategy entails creating a long-term supply chain strategy that aligns with the company's goals and objectives.

Risk management is the process of looking for possible problems in the supply chain and making a plan to fix them.

Learn How Lion Group Services Can Transform Your Company

Supply chain consulting UK is redefining businesses by providing new solutions to supply chain management's difficulties. By combining technology and sustainability into the supply chain process, organizations achieve efficient supply chain operations that promote customer happiness and profits. If you wish to optimize your supply chain, contact Lion Group Services for assistance in reaching your objectives.

[navitsap]

NAV stands for Navigation (or to navigate). We steer our customers to success through the rough route of complex processes and IT landscapes.

We provide Process consulting and Solution development services, enabling clients to discover the benefits of SAP’s Digital Supply Chain Platforms and Microsoft Power Platform.

[nyramiller]

Mitigating price turbulence in the global food industry through data analytics and AI

Advanced risk-sensing solutions, supply chain resilience strategies, and cost-take-out measures are the escape routes from the global price turbulence.

[newhorizonai]

New Horizon Consulting Services

New Horizon Consulting Services gets you up and running quickly, inexpensively, and with minimal risk. We have done implementations in as little as one month. With our approach, you get value from your solution faster and at a low total cost of ownership (TCO). To accomplish this, New Horizon starts with preconfigured industry templates and then uses our time-tested methodology to tailor the solution to your needs.

Learn more

[vncglobal]

Customized Solutions: Tailoring Supply Chain Strategies to Industry Needs

Supply chain management has become a crucial determinant of a company's performance in the ever-changing commercial environment of today. With the increasing specialisation and diversity of industries, it is evident that the conventional one-size-fits-all approach to supply chain strategy has been ineffective. In recent times, there has been a notable increase in the significance of tailored solutions, as enterprises acknowledge the importance of adapting their supply chain strategies to align with the distinct requirements of their respective sectors. This blog article aims to explore the significance of tailored supply chain solutions and their role in enhancing operational efficiency, minimising expenses, and facilitating industry-specific expansion. Smarter solutions for stronger supply chains. Partner with VNC Global - for top-class Supply chain management consulting in Australia to drive growth!

Understanding the Need for Customization:

Each sector functions inside its own specific environment, which is defined by particular obstacles, rules, and market forces. Therefore, it can be argued that a standardised supply chain approach is insufficient in addressing the intricacies specific to each sector. Customised solutions consider these variables, providing a personalised approach that is in line with the specific requirements of the industry.

Optimizing Operations for Efficiency:

The possibility for operational optimisation is a fundamental advantage of customising supply chain strategies to align with industry requirements. The utilisation of generic methodologies frequently leads to operational inefficiencies, manifesting in the form of surplus inventories, delays in processes, and bottlenecks. In contrast, customised solutions optimise operational efficiency by matching processes with the specific demands of the industry.

Industries characterised by significant fluctuations in demand may derive advantages from using agile supply chain methods that provide swift adaptations in production and distribution processes. Conversely, industries characterised by consistent and predictable demand patterns should prioritise the implementation of lean supply chain methods as a means to mitigate inefficiencies and achieve cost reductions. By optimising the supply chain in this manner, organisations can improve operational efficiency and responsiveness.

Reducing Costs and Enhancing ROI:

The issue of cost containment continues to be a persistent worry for firms operating in various sectors. Customised supply chain solutions are of paramount importance in effectively addressing this challenge. Tailoring tactics to the specific needs of an industry leads to the minimization of wastage, more efficient allocation of resources, and optimisation of costs. Experience real-time visibility, control, and savings. Invest in the best Supply chain management software in Australia offered by VNC Global!

Industries characterised by rigorous compliance requirements might derive advantages from supply chain strategies that prioritise the principles of traceability and transparency. By incorporating technology such as blockchain, enterprises can effectively verify regulatory adherence while concurrently mitigating the potential financial repercussions associated with product recalls. This technique not only results in cost savings but also serves to protect the reputation of the brand.

Fostering Industry-Specific Growth:

Customised supply chain solutions encompass more than just enhancing operational efficiency; they also play a significant role in fostering growth within certain industries. Industries undergo a natural progression, characterised by the impact of technology breakthroughs, market dynamics, and consumer preferences. The use of supply chain strategies customised to these elements facilitates the ability of firms to maintain agility and adaptability.

Consider the pharmaceutical business as an illustrative case. The emergence of personalised medication and the requirement for temperature-sensitive distribution may render conventional supply chain models inadequate. The implementation of a tailored approach that integrates cold chain logistics and real-time tracking systems guarantees the secure and effective transportation of delicate pharmaceuticals. The ability to adapt enables firms to effectively capitalise on emerging opportunities and navigate industry shifts.

Strengthening Industry Collaboration:

The implementation of tailored supply chain solutions frequently necessitates industry-wide collaboration and strategic collaborations. The act of exchanging best practices, insights, and resources is of utmost importance in order to collectively enhance operational efficiency. The cooperative efforts between entities not only yield advantages for individual enterprises but also contribute to the overall enhancement of the industry.

businesses characterised by intricate regulatory obligations have the potential to engage in collaborative efforts aimed at addressing compliance challenges. By pooling their resources, these businesses can collectively work towards the development of innovative technologies that facilitate the process of adhering to regulatory standards. Collaborative endeavours not only alleviate operational difficulties but also cultivate a sense of brotherhood among participants within the sector.

Final Thoughts:

In the contemporary landscape characterised by a wide range of industries and their corresponding complexities, the adoption of customization has emerged as a crucial strategy in the realm of supply chain management. Customising tactics to cater to the unique requirements of the sector allows organisations to enhance operational efficiency, minimise expenditures, and facilitate industry-specific expansion.

In a contemporary context where the ability to adapt and be agile is of utmost importance for achieving success, the adoption of tailored supply chain solutions is not only a choice but rather a strategic need. In the context of ongoing industrial development, enterprises that place emphasis on customised supply chain strategies establish themselves as frontrunners, equipped to effectively address the distinctive requirements of their specific environments. Supply chain excellence made attainable. Connect with VNC Global for tailored Supply chain management consulting in Australia!

[tekaihau]

The office building across from mine has a placard for one ATREIDES MANAGEMENT and every time I pass it I am just filled with curiosity

[antonioporterue]

What Is MRO Procurement Strategy And How Can You Benefit?

Paragon Results can help to increase the productivity of a factory or manufacturing plant, decrease overall costs and minimize downtime when equipment breaks or needs updating. We can provide your organization with the expertise to develop and implement a carefully crafted MRO procurement strategy that will help you gain control of costs, maintain compliance and standardize your purchasing procedures. By facilitating transparency, our MRO sourcing consultants can increase indirect spend visibility, identify areas of waste and remove weak links in your supply chain. Contact us to learn more about our strategy: https://paragonresults.com/

[valuechainplanning]

Demand Planning With True Demand

For the following scenario which of the following historical orders data stream you would consider from a demand planning perspective?

1. All order streams A to E should be considered.

2. Only relevant order streams coming from customers — B and E should be considered.

3. Only the Orders placed on plant (A and C) should be considered.

Which would be an appropriate choice? Should we be only looking at POS data for order streams originating from customers (B and E) placed on distributor and warehouse? Would other order streams cloud the demand plan

Now another debate — ‘Hey, should we consider orders or shipments for this analysis? For this read more here at ‘How do you define True demand for forecasting? details here — https://demandplanning.net/DemandDownload.htm

So, in that case what will happen to order streams from distributor to plant, warehouse and from warehouse to plant? Should we consider those for planning demand? Why?

Do third party distributors keep its inventory adjustments isolated from the plant? Keeping the plant guessing about next batch of orders. Where and how do we draw the fine line to differentiate demand and replenishment planning?

In your job experience have you put on multiple hats of a buyer and of a demand planner?

[bisham456]

Enterprise Management Consultancy Firm

Supply chain administration (SCM) is the handling and supervision of the circulate of goods or services, covering all parts from product planning and creation through to buyer delivery. The aim of SCM is to improve the effectivity, resilience, and value of the chain including product distribution to have the ability to maximize customer value and compete with rival organizations. BoxLogic has a strong background in the fulfilment operations of bricks-and-mortar, omni-channel and pure-play companies, offering our group with a robust basis of ‘how it’s done’. After a evaluation of ordering profiles and processes, our consultants can develop a spread of practical logistics solutions that leverage any synergies between the channels. SCALA has a senior team who are robust in both supply chain and logistics consulting and management.

We might help you to know the root causes of the problems inside your planning perform and establish ways to resolve them. The price of logistics and transport is merely too often ignored as a ‘necessity’ without real understanding of the efficiency, effectiveness and structure behind the operation. When the time comes to maneuver supply chain consultancy the physical inventory, we'll develop a transition plan to make sure minimal disruption to your business. Manufacturing companies must adapt quickly to stay aggressive otherwise an inefficient, poorly functioning supply chain will impression negatively on each aspect of a business.

Working with industry bidders and key stakeholders, he provided expertise and perception into how trade would method the project and the way the consumer could maximise savings whilst bettering efficiency from its supply base. Unlike different consulting companies, we consider that change is not something we do to your organization, or on your group. Instead, we transfer our information to your individual individuals through teaching, mentoring, and education workshops so you'll be supply chain consultants uk able to learn to continue to make enhancements lengthy after we have gone. We are proud to be recognized as a quantity one administration consultancy (Financial Times UK’s Leading Management Consultants Special Report for 2022). We may help you identify and map your supply chain and review the place there are risks and opportunities to your sustainability strategy. We can help your  procurement team to update their threat register and plan how to leverage the opportunities recognized.

In an ever-changing enterprise surroundings, supply chain efficiency and optimisation is extra related than ever to offer your organisation with a competitive edge. As part of our remit to represent UK logistics in its broadest time period, Logistics UK presents Supply Chain Consultancy service, which permits us to support our members at strategic as well as operational ranges. Modelling supply chain networks to provide sensible and deliverable recommendations. Pav has labored on pre and post contract roles and has detailed data of procurement and provide chain practices including strategic sourcing, class management and SRM. He has detailed knowledge of the law and industrial drivers affecting building and company procurement and combines this with a dynamic approach to strategy development and implementation management. We have developed a Sustainability Tool to help measure and drive sustainability follow.

Whilst every project is totally different and we at all times design a solution in your particular needs, we observe the same tried and tested design ideas to minimise project risk. Spending the time getting the blueprint proper will guarantee a smoother resolution build and implementation. SAP supply chain is what we do, with our consultants boasting an enviable degree of both operational and SAP knowledge learned via a long time of experience as end users in addition to SAP consultants. One obligatory prerequisite for the SCCG group web site was show-casing their firm news, companies pages, featured articles, case studies, and testimonials. ExtraDigital ensured that the brand new SCCG web site serves not only as a brochure of SCCG’s expert providers; however more importantly as a diligently curated visible portfolio of their work, together with movies, and buyer testimonials, amongst other content material. End-to-end supply chain consultancy, TMX Global, is expanding into the EMEA market with a central London location and the strategic hire of Gerry Power, UK Head of Country.

Our specialisms are in all things Supply Chain, providing a deep understanding of data modeling, forecasting, stock balancing, logistics, offering the data and administration tools enabling your Supply Chain optimization. If the method just isn't clear or understood, a simple method to visualise the ‘current state’ is to create a detailed course of or value stream map and then to judge any quick wins or ways to improve the flow, inventory management or time to obtain elements. Putting in further checks for paperwork to reduce back delays is also a easy but efficient way to cut back rework. To strengthen the position, it is necessary to evaluate and understand the end-to-end process from provider to level of use and to have visibility over the inventory management, ideally through the ERP/MRP and scheduling course of. Prior to Brexit manufacturers made good use of the free and speedy motion of goods (components and completed goods) and cross border commerce with the EU. However, Brexit has seen disruption to UK OEMs and a rapid lower within the effectivity and price effectiveness of their present operations and provide chain.

Founded in 2010, TMX Global is a specialist supply chain consultancy with places of work in Australia, Singapore, Vietnam, New Zealand, Thailand, and Malaysia. The new London workplace is situated at One Kingdom Street, Paddington – where supply chain consulting TMX joins tech giants Microsoft and Accor. At The Sequoia Partnership we've over 30 years' experience advising across the planning, logistics, and capability spectrum.

We provide end-to-end supply chain and logistics assist to deliver improvements to warehouses, transport, forecasting and inventory, so clients become more profitable and rework their customers’ expertise. We’re pleased with our monitor report, working with some of the UK’s main and most trusted manufacturers. Both companies will benefit from strong synergies and complementary service choices. After the acquisition, the two companies are together one of many leading impartial supply chain and logistics consultancies and leaders by method of experience and realized tasks. The location in Breda, the Netherlands, will be the place to begin for the further growth of the joint activities. The administration group consists of Alain Beerens (Director Groenewout) and Marcel Wilhelms (Director and Managing Director EPG Consulting).

Even although the purchase value is small, disruption of these provides can result in major delays or service disruption. Our skilled team might help you implement effective, sustainable improvements to your supply chain threat management technique and enable you to proactively assess your supply chain threat. Our consultants are experienced in supply chain risk assessments, helping you to establish, catalogue, and rank supply chain dangers and counsel mitigation strategies and actions. Supply chains have experienced increased strain and focus during the last 18 months or so. The influence of the global pandemic, Suez canal blockage, and Brexit within the UK and Europe has heightened consciousness on supply chains and the way fragile today’s globally linked supply chains are to unexpected events. These present supply chain risk subjects are along with threats from geopolitical issues that spread throughout international locations or regions, pure disasters, industrial or strike action, sanctions, fires, or insolvency of a provider or their sub-suppliers.

The editorial content material covers real live applications within collaborative supply chain environments and has contribution from leading distributors and analysis analysts. This provides our readers with an perception into how technological developments allow every kind of businesses to function effectively and efficiently. Surging demands, supply shortages and inflationary pressures are placing growing pressure on supply chains throughout the EMEA area, driving an rising need for companies to be extra resilient, agile and adaptable to fuel future progress. Our Foods Connected platform is a cloud-based solution that gives a 360° view over supply chains, including procurement, meals safety, quality, NPD and CSR.

[demandplanning-solutions]

Manage your forecast modeling process by Exception: Review major forecast changes from a previous cycle. Review items with major forecast errors. Review high growth or high decline forecasts compared to previous year. Review major over-rides through Sales Collaboration.

[grouplion]

How to Choose Reliable supply chain consulting services?

The unbiased knowledge of supplychain consulting companies can help businesses wanting to improve the effectiveness and efficiency of their supply chain operations. Whenever picking which supply chain consulting firm to collaborate with, a corporation should carefully analyze the competitors in terms of their experience methodology, and worldwide reach.

The LionGroupservices Provides Extensive Knowledge and Evidence-Based Advice

An industry leader in strategy and operations consulting, “liongroupservices” provides knowledgeable, experienced consulting services that result in measurable gains in the effectiveness and efficiency of our client’s operations:

Our working capital management solutions have assisted clients in releasing billions of dollars in improved cash flow, while our supply chain consulting and other types of operations consulting have generated billions of dollars in sustainable operational benefits for our clients.

Our supply chain consulting, like all of our consulting services, is backed by our world-leading process benchmarking and best practices repository.

Our industry-leading process benchmarking serves as the foundation of our supply chain consultancy. This unrivaled intellectual capital enables “liongroupservices” to deliver supply chain consulting services that are supported by empirical data and demonstrated results.

Supply Chain Consulting London:

We provide you with on-site supply chain consulting services covering all elements of procurement and supply chain management, as well as an executive advising program designed exclusively for the needs of procurement professionals, including:

Ø The organizational design includes choices like shared services, offshoring, and procurement outsourcing.

Ø Design and execution of the purchase-to-pay process, including benchmarking, gap analysis, and business process change management.

Ø Talent management focused on vital competencies including supplier relationship management and supply market knowledge.

Ø Supply chain IT system selection and deployment.

Contact “liongroupservices” to learn more about our solutions for supply chain consulting London needs as well as other back-office goals including financial planning, IT ROI maximization, and more.

Tags:- warehousingsolutions | general freight services | pharmaceutical logisticscompany

More Information:-

Visit Us:- https://liongroupservices.com/supply-chain-consulting/

CALL US: +44 79478 71074

EMAIL US:- helpme@liongroupservices.com

Address: 71–75 Shelton Street, Covent Garden, London, WC2H 9JQ United Kingdom

Blog URL:- https://bit.ly/3TAXUFv

[valtitude-demandplannig]

“80% of your supply chain errors derive from 20% of your products”

Design, Analysis, and implementation of an exception management approach have helped companies to

Streamline the planning process

Improve forecast accuracy significantly and

Focus on the major supply chain drivers that improve the bottom line

Exception management leverages the 80/20 rule.

We evaluate the end-to-end chain to capture valuable information clusters that drive the underlying business process.

Through our unique methodology and solution, we help clients institutionalize an exception management mentality to improve focus and create value through the planning process. Through this exception management approach, we have achieved impressive results with major corporate supply chains.

[demandplanning-forecasting-techn]

Planning is a critical function in any business. Banks need a business plan outlining your plan for profitability before lending capital. 

So do venture capitalists when they seed new start-ups. Business planning is not just a one-off process; it needs to be done annually.

The business plan derives from a market plan, an understanding of the market you are in and your position in that market. The profitability and the feasibility of your business largely depend on the following things:

The size of the market and its rate of growth

Your share of the market

The effectiveness of your marketing plan to keep or grow your share

The efficiency of operations to generate a healthy margin on your sales.

Market Planning vs. Marketing Plan

Market Planning is the process of sizing up your market and calculating your share versus your competitors. A Marketing Plan is the tool used to increase your share of the market through marketing activities such as advertising, branding, and promotions.

A key component of Market Planning is market share forecasting. In the manufacturer to retailer to consumer model, what matters most is the shelf take-away or sales at retail. Marketing Strategies aim to maximize shelf consumption (and usage) and thus increase your share of that consumption.

The first step is calculating the total market potential for your products. The second step is to estimate your retail sales and derive your share of the total market. The third step is to forecast your base case market share as well as target market share given your advertising budget and your marketing plan. Let us use the case of an infant car seat manufacturer to illustrate this process.

Estimating the Total Market

If you are a baby seat manufacturer, you need to understand the total market potential of infant car seats in both units and dollars. In this case, the entire population of infants is your market. If two million babies are expected in a year, the market for infant seats is 2m units. However, some of the households may be two car households and decide to buy two seats. If 50% of the households buy two seats, then the market is really 3m units.

Now what is the market potential for infant car seats in dollars? It depends on the price segments of car seats. There may be different types of car seats with different features commanding varying prices. Let us assume that there are two kinds of seats one being a simple no-frills car seat and the other a fancier seat with additional features like a cup holder, sun shade, diaper holder, etc. Different consumer segments may demand these car seats at different price ranges.

We can apply several market analysis techniques to understand price points and calculate the average price of these two market segments. Let us say our studies show the average prices to be $40 for the basic seat and $50 for the fancy seat.

The total market potential in dollars is the sum of the basic seat segment and the fancy seat segment. Suppose the basic seat segment is 2m units. At a price of $40, this potential is $80m. The fancy seat has 1m units at a price of $50 and a market potential of $50m. The total dollar market potential is then $130m.

Estimating Market Share

In simple terms, your market share equals total retail take-away of your products divided by the total market potential. This is just a calculation of your share of the total retail sales.

Your total retail sales depend on which segment you participate in and who the other players are in that segment. Retaining and growing your share depends on a number of marketing factors including product differentiation, advertising, brand value, etc. The size and the marketing budget of your competitors also are key determinants of your market share.

In the infant car seat manufacturer example, let us say, you compete in the basic seat segment of the market. If you own 50% of the basic seat market, which is 2m units, then your total annual retail sales is 1m units compared to a total market of 3m units. Your share of the infant car seat market is then 33.3%.

We can calculate the dollar share using the following steps:

Your retail dollars equal your retail unit sales x your average price. In this case your dollar retail sales is given by (1m units x $40) which gives $40m

The total dollar market potential is $130m (calculated above)

Your dollar market share is then $40m over $130m which is 31%

Although your unit share is 33.3%, the dollar share is 31% because you play in the low-price segment of the market.

How can you retain or increase your market share?

The Marketing Plan is an outline of your strategy to increase your market share. It may cover a number of marketing and brand building techniques as well as the budget dollars allocated to each activity. Generally, the following tools are used to retain/gain market share:

Advertising and Sales programs to increase unit share while keeping prices constant

Building Brand Value to move to the high-end segment of the market. This will result in higher selling prices without hurting unit sales. (In our example, you may be able to sell the same basic seat for $45 because consumers are willing to pay a premium price for your brand)

Sales Promotions through discounts and coupons will increase unit share but may compromise the dollar share

Aggressive Price cutting may also be used as a strategy to capture a higher market share from your competitors

The last and perhaps the most often used strategy in the Consumer Packaged Goods sector is to capture market share through new product introductions

Practical Steps to Forecasting Your Market Share

Depending on the industry, forecasting the total market for a particular product may be as easy as obtaining the market potential from externally syndicated sources. And it may be complex to the point of estimating the market by extrapolation based on your own point-of-sale data

We can forecast our retail sales independently and derive the market share as a ratio of our own retail sales forecast over the forecasted market potential. This is the base case share forecast. For example, if we observe the share to be 25% over the last few years, we can assume a stable forecast of 25% for the next year

We can then come up with an objective or a target market share estimate based on the promotional plans and budgets. If we estimate additional advertising investment can produce a 3% gain in share, our forecast will be a 28% share

When the total market potential is increasing, our retail sales forecast may be growing even with constant market shares.

Market share forecasts are important in order to understand the return on investment of advertising dollars and the budget needed to retain versus grow market share. But truly, market share forecasts tell us the long-term demand for our products. They are early warnings of what and how much to produce and distribute to be successful in the marketplace.