An Effective Supply Chain Management Accounts

At the aftermath of pandemic, many companies are trying to have a healthier and more robust supply chain. An effective supply chain management is the key for this. However, today’s global supply chains are getting increasingly more complicated and challenging.

Supply Chain Challenges & Trends

All companies are in a battle between an increasingly digital world and persistent operational disruptions. In a more competitive market dynamics, except for an adaption of technologies in supply chains, companies have to do more to recalibrate and elevate their supply chain in the 
digital era.
The market is inundated with “abundance” of technologies, not so many companies are adopting automation but focusing on their basic, near-term priorities in their supply chains.

Supply Chain Challenges in Digital Era

Disruption in supply chain operations is a permanent fixture. The supply 
chain industry is constantly evolving in response to changing 
market conditions and customer demands. Companies must 
be aware of the latest trends in order to remain competitive. 
Managing your company’s response to these can be a critical 
opportunity in the year ahead.

Supply Chain Management Trends in Digital Era

Challenges to Supply Chain Resilience in the Aftermath of the Pandemic

Unstable Economy & Financial Markets

Fears of recession are not going away; business costs still high with high interest rate, 
if customers would curb spendings, demands 
dwindled, suppliers will be sent into financial instability? 


Increased Geopolitical Risk

More objects were shot down after the
 Chinese balloon; Ongoing shortage of 
energy and critical materials caused by 
the continuous war, all of such would trigger 
another supply chain disruption?

Sourcing Diversification

China, the world’s manufacturer, its production 
capability can continue to refresh? If the ongoing 
war is a good reminder for many companies to 
diversify sourcing out of the traditional sources?

Climate Risks

The climate risks not only impact people’s life, they 
impact supply chains as well. If supply chains shall 
prepare themselves for future events by mapping 
the geography of their suppliers?

How Vertada helps you have an effective supply chain

We can help you have a clear picture of the process in your supply chain.

Challenge

The global supply chain continues to be challenged in the aftermath of pandemic, shortages of critical parts, increasing logistics costs, shifting customer demands, labour shortage...All of these make the operations become increasingly more strained and challenging for many businesses.

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We can help you smooth out the volatility between demands and fulfillments.

Challenge

Customers' demands always changing with great uncertainties. To maximize your profitability, your supply chains need to be as efficient as possible. You know very well that an accurate demand management is critical in ensuring sufficient inventory from your supply chain. The question is, how to balance inventory and supply to cater to the changing customer demands?

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We can help you choose suppliers that add value to your operations.

Challenge

Customers' ever changing demands request you diversifying your product portfolio from time to time. Out of this, the modern supply chains are becoming more diversified. Along with the diversification, your procurement team must cater to the shifting customer demands while delivering genuine value to your operations by bringing down the outgoing cost and operational risks without damaging your profitability.

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Effective communication with suppliers is key to supply chain success

How to strengthen your communications with your suppliers

A relationship between company and supplier is sustained by communications, contracts, and involvement. The effective communication in supply chain is crucial for business success and to avoid loss and breakdowns. The role of a supply chain manager has become critical in both achieving a company's operational objectives and in successfully implementing its business strategy in the supply chain management.

Better Communication for more positive outcome

The global pandemic has changed the way many supply chain management teams operate. Supply chain managers are experiencing the pressure of loss, as the rise of the global pandemic has caused many supply chain teams to reconfigure their operations due to staff shortages and shipment delays. As a result, the importance of communication in supply chain management has never been more crucial. Supply chain manager must continually seek out better ways to ensure a positive outcome for clients and the internal operation (less missed opportunities, less damaged relationship, less delivery delays and less loss of revenue.

Keep your communication with suppliers staying connected

Meeting customer demand is always half the battle in supply chain management. A damaged relationship with a supplier can result in late deliveries or a lack of supplies. So, what impact it would have on your business if the supplier stopped supplying?
We can help leverage your supply chain manager's communication and teamwork competencies with suppliers. We can regularly meet with your suppliers. By getting together with them on a regular basis (weekly for instance), you can highlight and tackle their concerns and worries as they occur.