Focus On SCM
In this age of intense and cut-throat competition, companies need to focus on enhancing and improving their supply chain management systems and approach. This would go a long way in addressing and solving key business issues. One of the basic yet key business issues in the domain of supply chain management is making sure that products from the vendor’s end reaches the shelf to cater to the consumer demand. Well to take care of this basic issue, organizations must focus on establishing and building a flow management capability.
In order to achieve this end, most companies tend to optimize their distribution network to enable the seamless flow of their merchandise. These optimized distribution networks should invariably support key changes associated with the new merchandise flow strategies such as support product assortments, order practices, replenishment methods, replenishment quantities, and increase in imports if applicable and new store formats that will require stores operating at much lower inventory levels than the current level.
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