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May 2022 - BCR

Month: May 2022

transport

3 Supply Chain Challenges And How To Overcome Them

In the wake of the pandemic, we have seen the supply chain consistently challenged, sending ripples of effects felt across the entire world. Too often have we seen products being delayed, with supermarkets missing entire sections, people’s packages being delayed and product based businesses taking the full brunt of this. The pandemic shut down ports, causing products and their route to be disrupted. With the pandemic largely been put behind in western countries, the supply chain is picking up again, and life is slowly returning to normal. However, challenges still remain, even before the pandemic, and these challenges can significantly affect the way a business operates and sends and receives products to customers. Productivity and profitability are two key areas which have seen the most impact, and both are vital to the operational ability of a business. With this being said, this blog will outline some challenges to the supply chain that remain to this day, and how these can be overcome to ensure success.

Not Enough Materials

During the pandemic, demand for online products increased dramatically. With more people than ever stuck indoors, online shopping became a favourite pastime for many of the population. This caused a significant increase in demand, and put strain on the supply chain. Having enough materials to keep up with production which correlated to the high demand was and still is in some cases a serious issue. One of the best ways to combat this is to ensure you have enough working capital ready in your supply chain in the case of spikes in demand. This way, you can continually purchase materials from suppliers to keep up with increasing demand for products. Having a ready amount of capital at all times is crucial to ensure this.

Difficulty In Forecasting Demand

Initially, businesses had data sets ready to gain insights on the supply chain, and how demand may increase or decrease. With the pandemic, these data sets were disrupted, leaving many businesses in the dark as to how demand may fluctuate. This of course caused serious issues, and businesses were unsure as to how to treat their supply chain. They didn’t know whether to increase production or decrease it, and so on. Now, with the pandemic mostly over and business returning to normal, new data sets should be continually developed. Data should be collected and formed into these sets to allow businesses to gain insights through forecasting. Much like they did before the pandemic, businesses should turn to data centered decision making, and new data sets should be collected to reflect current conditions.

Technological Transformation

The world is changing, and all businesses know that unless you are keeping up with technological change, you will be left behind. Digital transformation applies directly to the supply chain. The adoption of technologies such as drones, smart robots, software for management and Internet of Things (IoT) products can bring a myriad of benefits to any supply chain. By looking into these technologies and how they can be integrated into your operation can ensure that you increase productivity and efficiency, while staying relevant in the new world of technology.

How Can We Help?

Here at BCR, we are experts at all things to do with the supply chain. We are well educated and experienced in the challenges that your business operation faces, both during the pandemic and in its wake. Our team of experts can provide qualified advice and manage your supply chain to overcome any challenges that it may be facing. With a wealth of resources available at our disposal, we are able to transform your business operation into one brimming with high end technology, and ensure success and relevance in the new world.

transport

Why Is Supplier Relationship Management Important For Your Business?

For any supply chain, a business will need to acquire connections for resources, suppliers, technology and all for a reasonable cost. Procurement is a crucial part of any business operation, and it sets the foundation for a successful business. For any business owner, finding and establishing these connections can be difficult, especially negotiating a good deal for supplies at a good price. This is where supplier relationship management comes into play. Supplier relationship management involves an outsourced party helping to establish and create connections with suppliers and negotiate deals in favour of a company. These professionals will typically have well entrenched connections who they can turn to, and they have the expertise to be able to negotiate deals which work in the company’s favour.

It can be difficult to build these relationships, especially for newer businesses, who would benefit the most from these types of connections.

If you are a business considering supplier relationship management for your business, then read on.

It Can Help To Reduce Costs

A reduction in costs is something that every business strives for, no matter what industry you are in. With supplier relationship management, a business is able to negotiate lowered costs for their procurement deals. The procurement of materials, resources for production and storage space, are all important aspects of any job. Added up, all of these can total to a significant amount of costs, costs which are necessary to run the business. With supplier relationship management, an outsourced party is able to negotiate terms with these deals and help to lower the costs of procurement. They utilize their industry connections to go to reputable and reliable sources, and ones that will give them a good price. They can negotiate a long term deal which ultimately is cheaper, helping to reduce costs for the business.

Can Provide Connections For Trusted Outsourced Professionals

Sometimes, supply chain professionals may suggest that certain aspects will perform better when outsourced permanently to other professionals. While this sounds good, many businesses may prefer not to do this for lack of trust, especially when handling sensitive parts of the business operation. These aspects could include customer service processes, inventory management or accounting. Supplier relationship management professionals can help to provide trusted outsourced connections to take over these roles. Because of their long industry experience, supplier relationship management will be able to open these connections and determine which company should handle what role, and which one they will perform best in. You can rest easy knowing that the professionals chosen are good at what they do and can be trusted.

Continued Long Term Improvement Of Supply Chain

The supply chain is something that needs to be constantly monitored and tweaked over time to ensure continuous improvement. Supplier relationship management ensures that you are able to negotiate long term deals with your sources. As such, over time, you can realise which parts need to be tweaked, and receive feedback and give feedback constantly over time. Supplier relationship management leads to changes implemented which develops a much more efficient and effective supply chain in the long term.

How Can We Help?

At BCR, we are experienced supplier relationship management professionals. We have a wealth of resources and connections in this industry, and can negotiate the best deals for your business in procurement and various other aspects too. Supplier relationship management is crucial to any business, and we understand this better than most. By contacting us, we will be able to determine what your business needs and the best possible connections to put you in contact with, and negotiate the best possible price for you.

Contact us now for a consultation!

transport

3 Benefits Of Hiring A Freight Service For Your Business

Many businesses nowadays rely on the assistance of freight service to help move their products across the globe with ease.  Almost 2 billion metric tons are placed into containers annually, showcasing how important it is to get external help to supply their products on an international level. These experts can help move your items far and wide, requiring a lot of organisation and problem-solving in order to guarantee the logistics process runs smoothly. There are so many benefits that come with hiring a freight service for the success of your business and in the next few sections, we’re going to be taking a look!

1# Adaptability

One of the major perks of hiring a freight service is they are incredibly versatile, being able to adapt to the dynamic nature of modern business. They are able to attune their resources to work with all the new changes that spring up.  These experts also have years of experience to know how to work around particular complications. There are many instances whereby you might find yourself with a surprise, needing you to quickly change things last minute for things to continue. Having a freight service that knows just how to handle all these modifications instantaneously is your best bet for smooth flowing business operations.

2# Management And Structure

Another reason to choose a freight service is that they are efficient and organized, allowing the job to get done right away. Logistics is a significantly important factor to a successful business and if not managed properly, it could be detrimental to your reputation. These experts will assist you with the supply and logistics process, to make sure every step is handled the right way. Therefore, this takes away the stress that comes with business planning, allowing you to relax knowing a freight service is here to help.

3# Storage And Warehousing

A freight service provides a storage and warehousing space for your business. By being able to have a place to keepsake all your items, you will be able to reduce your overall business spending. For a lot of companies, they tend to hire an external business to store all their products, which may lead to them spending money on a storage business that they might not be inhabiting.  A freight service only allows you to pay for storage that you are currently using. As well as this, you can sort out your storage based on demand and growth. As there is a rise in demand, this requires you to grow your storage space, which will be much cheaper through having external assistance.

4# Ease Of Convenience

Lastly, a freight service can remove the strain that comes with the logistics process. There are a lot of factors to consider in making sure every step of the supply chain is taken care of.  This includes documentation, insurance, packaging, storage, and a whole lot more. These experts will pay attention to the finer details to guarantee your products travel to your customers easily and quickly. Your business can therefore relax knowing the experts are on the job.

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Your dedicated BCR account management team, along with our global network of freight forwarding professionals, will ensure all your organisation’s logistics needs are met while exceeding your expectations for customer service and performance every day.