Supply Chain Solutions No.1 – Define a Sourcing Vision
Sourcing begins with a vision of defining objects that services the greater need of the commercial enterprise, brands, product categories and raw materials. If you don’t know the business and subcategory vision, you will not be able to achieve all needs.
Understand the businesses vision by collaborating with relevant stakeholders to learn their needs, objectives, and what the key deliverables are.
Work with peers, brand and product owners to learn the detail, what are the finesses that make a product great and what is needed to enhance innovation and technology, drive sales and margin.
Learn from product inception to customer satisfaction, how is the timeline built, what can be done to form a lean supply chain and how vendors and service providers can participate in lead-time improve, delivering forecast accuracy, and been first to market with product.
Understand the compliance and quality standards that vendors must meet to deliver customer satisfaction.
Define a sourcing vision that provides innovation, reduces total cost of ownership and lead-time, mitigates capacity and supply risk and offers fit for market quality. These are key components of sourcing success.
ID Global Concepts are experts in supply chain management. We add value to your supply chain through consultancy or management contract to ensure the business has the best practice systems that are the right fit for your business, customer and meet your value expectations.