Be ready to unravel the supply chain efficiency mystery

Efficiency – A mystery that remains unsolved

Supply chain inefficiencies continue to take control away from businesses looking to streamline and future-proof their logistics. With optimisation being a priority, creating secure supply chains immune to disruptions is critical.

How is this possible? One way would be to integrate warehousing with fulfilment systems, reclaiming control and efficiency, allowing businesses to solve the mystery of supply chain efficiency.

The 5 Os of inefficiency that need to be investigated

The World Economic Forum estimates that supply chain disruptions can reduce shareholder value by up to 7%. Some contributory aspects include lack of communication and visibility, and deficiencies in suppliers, networks, security, and inventory management.

Let’s look at 5 Os of supply chain inefficiency:

• Operational errors

  Improper labelling and missing information are critical issues that can derail any shipment.

• Overlapping and fragmented data systems

  Isolated systems across the supply chain can hinder visibility, tracking, route optimisation and demand prediction.

• Operational disconnects

  Lack of communication between systems, warehouses and delivery networks can lead to a complete derailment of the supply chain.

• Overspending

  Inefficient planning, underutilised routes, and lack of coordination can grossly inflate your transport expenditures.

• Overdependence on resources

  Improper workplace management and reliance on inefficient systems can lead to shipping/packing errors and supply chain delays.

Assemble your probing toolkit

To ensure that your supply chain doesn’t remain a mystery, you’ll need a team equipped with sufficient knowledge of various technologies and AI-driven systems to enhance supply chain performance. It is also important to understand the relevance of integrated warehousing and fulfilment systems that help you save time and cost across regions.

Here are some ways you can enable a technology-first process in your supply chain:

A partner that you can count on

Partnering with Maersk allows businesses to improve their efficiency and performance substantially. Learn how Lacoste China achieved a 130% increase in e-commerce logistics performance in 30 days. Find out how Abacus solved warehouse management and compliance challenges, leading to significant time and cost savings.