Getting Back to Basics: Top Five Tips for Accelerating Supply Chain Velocity Tampa FL

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

Local Companies

TheUPSStore
813-387-3335
503 East Jackson St
Tampa, FL
727-580-7257
(727) 580-7257
PO Box 20603
Clearwater, FL
The Beaux Arts Group
(813) 880-8686
8408 Benjamin Road
Clearwater, FL
Workplace Resource
(813) 620-0048
9302 Florida Palm Drive
Clearwater, FL
IC Mechanical Inc.
(813) 818-4889
110 E. Dunbar Avenue
Clearwater, FL
W.W. Grainger, Inc.
(727) 573-1777
12579 49th St N
Clearwater, FL
JSC USA, Inc
(727) 942-9419
11230 49th St. North
Clearwater, FL
Mercury Medical
(727) 573-0088
11300 49th St. N
Clearwater, FL
C. Morgan Business Interiors
(727) 532-8661
4700 140th Ave N #105
Clearwater, FL
Any Lab Test Now
(727) 723-8378
2566 McMullen Booth Rd. Suite C
Clearwater, FL

provided by: 

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

TheUPSStore

www.thetampaupsstore.com

813-387-3335
503 East Jackson St
Tampa, FL
www.thetampaupsstore.com

Mail Box rentals,Full Black And White Copies,Lowest price in Color Copies ,Postal Services,Greeting cards.Custom Packing

Related Local Events
Hospitality Sales and Marketing Executives Forum
Dates: 10/20/2009 - 10/20/2009
Location: Salvador Dali Museum
St. Petersburg, FL
View Details

How to Finance the purchase of your business real estate and equipment"
Dates: 9/10/2009 - 9/10/2009
Location: Clearwater Regional Chamber of Commerce
Clearwater, FL
View Details

Hospitality Sales and Marketing Executives Forum
Dates: 8/18/2009 - 8/18/2009
Location: Holiday Inn & Suites Clearwater Beach
Clearwater, FL
View Details

IED Expo
Dates: 8/11/2009 - 8/13/2009
Location: Tampa Convention Center
Tampa, FL
View Details

Mix & Mingle
Dates: 6/18/2009 - 6/18/2009
Location: Grillmarks of Largo, Inc.
Largo, FL
View Details