{"id":326,"date":"2020-11-17T08:56:32","date_gmt":"2020-11-17T08:56:32","guid":{"rendered":"https:\/\/www.cac.net.in\/blog\/?p=326"},"modified":"2020-12-12T12:16:13","modified_gmt":"2020-12-12T12:16:13","slug":"reduce-the-impact-of-covid-19-on-your-supply-chain","status":"publish","type":"post","link":"https:\/\/www.cac.net.in\/blog\/reduce-the-impact-of-covid-19-on-your-supply-chain\/","title":{"rendered":"Reduce The Impact Of Covid-19 On Your Supply Chain"},"content":{"rendered":"\n

COVID-19 has caused an unprecedented crisis\nin the world. Uncertainty over the Supply Chain reached unbelievable levels,\nwith sales being unpredictable, some factories closing or stopping production. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The smartest way out of this crisis is to\nact quickly, decisively and effectively. We have listed a few steps that we\nthink can help you in this difficult process.<\/p>\n\n\n\n

UNPREDICTABLE\nSUPPLY AND DEMAND CURVE<\/strong><\/p>\n\n\n\n

After the global epidemic we lived in, fear\ntook over the whole world. As we all observed during this uncertain period,\nmany companies either decided to shut down (temporarily) or experience\nsignificant problems in product supply. <\/p>\n\n\n\n

At the same time, sales became erratic. As\nsupermarket sales reached their peak, we observed that the “catering”\nindustry is slowly disappearing as a result of this agglomeration. As a result,\nwe can see that the turnover of other companies is also decreasing.<\/p>\n\n\n\n

FAST\nAND EFFICIENT DECISION MAKING<\/strong><\/p>\n\n\n\n

As mentioned above, the decision mechanisms\nmonitored in normal time are not appropriate to respond to unforeseen\nsituations. The reason for this is the important stock decisions taken after\nweeks of discussions; these days is done in a period of 15 to 30 minutes. <\/p>\n\n\n\n

In addition, the fact that everyone has to\nwork from home can sometimes prolong the reconciliation process between\ndepartments and make it difficult.<\/p>\n\n\n\n

Now, in order to survive, companies have to make and implement decisions much faster than the order they are used to. Therefore, the people who make these decisions such as inventory management companies in India<\/a> <\/strong>when necessary have a key role in the company. Supply Chain structure should be transformed into an effective chain of command.<\/p>\n\n\n\n

If you don’t want to outsource this work,\nyou can go according to the following steps:<\/p>\n\n\n\n

Step\n1: Set your priorities right<\/strong><\/p>\n\n\n\n

In the first step, determine which products\nare more important to the company or which products are more affected by\nadverse conditions. For example, which are A-class products or which products\nare in danger of famine? <\/p>\n\n\n\n

What are the factors that cost you the most\nmoney or reduce your profitability? Which products suddenly started to be sold\nless? So, can products with low sales lead to excess stock risk? Or which\nproducts are selling more than before and have high future sales potential?<\/p>\n\n\n\n

Step\n2: Protect your stock<\/strong><\/p>\n\n\n\n

If you’ve identified products that are in\nshortage, make sure they are going to the right customer group. For example,\nyou need to make sure that A-class products go to the right customer group!\nAlthough this sounds simple, it is extremely difficult to apply at times as we\nhave. <\/p>\n\n\n\n

Therefore, all departments should be\ninformed about this situation and act on a case-by-case basis. Salespeople may\nneed to know what products they are allowed to sell, marketers may need to\nremove certain products from the online store- if needed- and store owners may\nneed to take some products off the shelf.<\/p>\n\n\n\n

Usually, different departments make such decisions, but the turnaround is the fast moving era. And this is why, you need to consult an inventory management firm<\/a><\/strong> to make things smooth.<\/p>\n","protected":false},"excerpt":{"rendered":"

COVID-19 has caused an unprecedented crisis in the world. Uncertainty over the Supply Chain reached unbelievable levels, with sales being unpredictable, some factories closing or stopping production. The smartest way out of this crisis is to act quickly, decisively and effectively. We have listed a few steps that we think can help you in this…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[8,55,7,99,37],"class_list":["post-326","post","type-post","status-publish","format-standard","hentry","category-inventory-management","tag-inventory-management-companies","tag-inventory-management-firm","tag-inventory-management-services","tag-management-companies-in-india","tag-warehouse-inventory-management-system"],"_links":{"self":[{"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/posts\/326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/comments?post=326"}],"version-history":[{"count":2,"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/posts\/326\/revisions"}],"predecessor-version":[{"id":400,"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/posts\/326\/revisions\/400"}],"wp:attachment":[{"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/media?parent=326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/categories?post=326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cac.net.in\/blog\/wp-json\/wp\/v2\/tags?post=326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}