Vice President of Supply Chain Management Essay

Supply Chain Management
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Supply Chain Management
What processes and procedures would you implement to maximize the efficiency and minimize the costs of the transportation portion of your company's supply chain?
Improving the performance of supply chain requires maximization of efficiency and minimization of costs incurred during the whole process. Therefore, the various ways of maximizing efficiency include;
Effective management and tracking of inventory require utilization of tracking software as well as using internal spreadsheets to monitor the inventory. These will indicate the quantity of the products available and the much needed besides indicating those that have reached expiry dates, damages and decays. Therefore, a routine inventory assessment will ease proper location of the products and the quantity of the inventory (Balaji & Kumar, 2013). Besides, one will be able to note all the finished goods, products that are still in progress and the raw materials. On a separate note, tracking inventory will ease supplier management in the overall commercial strategy since a manager will be able to keep at breast on all the activities that partners engage in. Besides, it helps in ensuring effective collaboration and tracking all the assets (Balaji & Kumar, 2013).
On a second note, it is important to develop information conduits for sharing data with key partners. The data has to be distributed at the right time to the pertinent recipients. For instance, if the enterprise is in need of more goods, the information is conveyed to the purchasing department, storeroom managers and the supervisors and the delivery persons to ensure efficiency (Balaji & Kumar, 2013).
On a separate note, it is important to develop proper distribution strategies to ensure that the enterprise has a better idea of shortening delivery times, reduce products that might expire as well as improve the customer service. This will ensure the development of long-term financial stability. Therefore, it is important to monitor warehouse, cross docks, customers, production facilities, locations, and networks of suppliers among others. It is essential to set goals for all the distributions and follow techniques that are sync with the strategy (Balaji & Kumar, 2013).
Another way of ensuring efficiency is through monitoring all the cash flows to improve supply management. Managers are supposed to track payment terms and conditions with different groups in the supply chain, developing an efficient technique to understand the technology applied in monetary transfers. It is important to understand how ...