Supply chains capture the entire process of planning, sourcing, production, and selling a product to customers. A full and effective supply chain typically includes:
- Suppliers
- Manufacturers
- Distributors/wholesalers
- Retailers
- Consumers
- Warehouse facilities
- Transportation companies
- Supply chain management professionals
- Stakeholders
The ability to successfully manage an entire supply chain is crucial for any company competing in today’s fast-paced marketplace. Industry leaders can successfully manage and integrate each level of the supply chain, all while regularly optimizing it for performance and productivity.
What is Supply Chain Management?
Managing an entire supply chain can be expensive. Outsourcing this process to experts in the field can save a business time and money by minimizing operating expenses and maximizing profit margins.
Creating, managing, and continually analyzing a supply chain requires identifying trouble areas before they become an issue, developing solutions, and implementing an overarching plan.
Supply chains are complex. They combine the manufacturing, sales, and accounting branches of a business. Competing priorities and various systems can make it difficult to implement an efficient supply chain. Stephen Gould’s industry-leading experts can simplify this process.
Supply Chain Optimization
Optimizing a supply chain occurs when a business has the necessary processes and tools to ensure manufacturing and distribution facilities are operating at optimal capacity. This optimization process maximizes sales and revenue by using cost-effective materials, selecting the right partners and distribution channels, and positioning products in optimal locations for target customers.
In-house supply management is a common business challenge. Outsourcing aspects such as logistics, customer service, and fulfilment can simplify supply chain dynamics and help guide a business on the right long-term path. Stephen Gould is the perfect supply chain partner for businesses of all sizes.
Supply Chain Flows
The supply chain is often thought of as a physical flow, but it is also an informational flow. The physical flow of a supply chain involves the production, transportation, storage, and sale of a product.
On the other hand, the informational flow of the supply chain is the sharing of information and data along various supply chain touchpoints or partners. Those partners along the supply chain often coordinate their long-term plans and help control the day-to-day flow of products throughout the chain.
At Stephen Gould, we will work with your team to help manage both the physical and informational flow at each step, from manufacturing to sales.
Transform Your Supply Chain With Stephen Gould
Our supply chain experts at Stephen Gould utilize supply chain management assessments to obtain information, provide insight, and later transform a business’s supply chains.
Sourcing Analysis
Sourcing analysis is the process by which a business works collaboratively with its suppliers to align objectives with purchasing priorities. By leveraging a business’s suppliers, sourcing analysis leads to long-term cost benefits.
We approach procurement by cultivating long-term partnerships with suppliers and stakeholders. This strategy creates sustainable values while reducing costs over time.
Supplier Selection and Onboarding
Supplier selection and onboarding is the process that enables businesses to collect documentation to qualify, approve, and contract suppliers. This is similar to onboarding a new employee: new suppliers are onboarded to understand business practices and information, their processes, and regulations pertinent to their particular industry.
Supply Chain Analysis and Risk Optimization
Through ongoing analysis of supply chain metrics, like operating expenses and inventory return margins, customers receive products in a timely and cost-effective manner. At Stephen Gould, we analyze the performance of a supply chain while optimizing the risk.
Our sales offices and trusted partner facilities are strategically located around the world, helping the experts at Stephen Gould transform your global supply chain. We offer unparalleled insight into all manufacturing processes and each step along your supply chain.
At Stephen Gould, our supply chain management services include sourcing analysis, supplier selection and onboarding, procurement planning, performance analysis, and risk optimization. Contact us today for supply chain consulting information.
