Getting Back to Basics: Top Five Tips for Accelerating Supply Chain Velocity Los Angeles CA

Nowadays, it's more imperative than ever for today's leading companies to accomplish greater results with fewer resources in less time.

Local Companies

Baxter Bio Science
(818) 240-5600
4501 Colorado Blvd.
Glendale, CA
Dependable Logistics Services
(323) 526-2200
2555 East Olympic Blvd
Los Angeles, CA
Certified Wholesale Electric, Inc.
(818) 246-1635
3653 San Fernando Road
Glendale, CA
Karol Western Corp
(562) 928-2501
8433 S Eastern Ave
Bell Gardens, NV
Cygnet Stamping & Fabricating
(818) 240-7574
613 Justin Avenue
Glendale, CA
Glenair, Inc.
(818) 247-6000
1211 Air Way
Glendale, CA
Party Plaza
(818) 956-1661
500 E. Broadway
Glendale, CA
Event Power Associates
(818) 249-7629
3585 Emanuel Drive
Glendale, CA
Royal Wholesale Electric
(818) 988-3365
16238 Raymer Street
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A SHIP N' BOX DEPOT
(818) 904-9234
16227 VICTORY BLVD
VAN NUYS, CA

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Nowadays, it's more imperative than ever for today's leading companies to accomplish greater results with fewer resources in less time. But the fundamentals on which every successful company is built still apply today, and successful supply chain professionals always consider the basics: honesty, integrity, timeliness and quality. With these time-tested proven principles in mind, we've assembled the following Top Five Tips for Accelerating Supply Chain Velocity.

  1. Scrutinize Sourcing Activities. When sourcing key materials and services, consider total value instead of unit price. Total value may include the proximity of a provider to key locations, quality assurance processes, demonstrated past performance, contracted performance penalties, consistency of quality or reject rates, among other factors. It may also include provisions for turnaround times, expediting fees and service-level standards.
  2. Continuously Improve Your Systems. When deciding to replace or enhance systems, find quick-hit projects or low-hanging fruit. For larger projects, put together an incremental improvement plan instead of trying to do everything at once. Seek opportunities where incremental value can be added every 90-180 days. Avoid big-bang implementations taking 12 months or longer. Don't let years or even months pass without implementing improvements, as small as they may be.
  3. Increase Fulfillment Flexibility and Reduce Cycle Times. Establish fulfillment operations that are flexible and adaptable to meet changing market demands. Reduce cycle times from the source to the customer by streamlining each step in the process, beginning with order release, to picking, to shipping, then the transition (delivery) to the customer.
  4. Replace Your Inventory with Data. Stockouts represent lost opportunities, and excess inventory robs capital from other important and lucrative possibilities. Balance these issues by using data to replace inventory. In other words, think just-in-time not just-in-case.
  5. Seek Out Smaller or Niche Vendors. Big companies grew from small companies that started out being highly successful at doing what they do. When evaluating solutions, look beyond the 800-pound gorillas. Smaller, lesser known suppliers can be more nimble and may be more willing to creatively meet your needs in a short timeframe.

Chris Clark is founder and CEO of Deposco Inc., a provider of on-demand supply chain technology. More information at www.deposco.com.

author: By Chris Clark, Founder and CEO of Deposco Inc.


Featured Local Company

Baxter Bio Science

(818) 240-5600
4501 Colorado Blvd.
Glendale, CA

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