During the pandemic, according to a UNCTAD research, the percentage share of ecommerce sales in total global retail sales climbed from 16 percent to 19 percent between 2019 and 2020.
Between January and June of 2020, global retail ecommerce site traffic increased by approximately 22 billion visits, exceeding even peak Christmas season traffic. At the ground level, the companies have ensured a smooth supply chain logistics.
Companies, like ours, who realise the benefits of supply chain management in terms of positioning and strategy invest in it to set themselves apart from their competitors. We have witnessed us thriving even during slow seasons as a result of having a sound plan, measurements, supplier performance, appropriate technology, inventory control, integration, and teamwork.
Here is how we overcome the supply chain challenges
The amount of merchandise available is identified and tracked through stock control. It applies to both raw resources and completed products. The appropriate stock is in the right location at the right time thanks to proper stock control. The concentration of resources for the furniture manufacturing process is made possible by categorising stock according to requirements.
Investing in software might help you increase productivity and manage your inventory more effectively. It assists furniture makers in managing custom-made items or adapting products to the demands of customers, since it allows a variety of product options, features, and combinations to be added to the system, making it suited for one-off orders as well as large orders.
Custom sales orders can be turned straight into a bill of materials for manufacture. All orders may be compiled, and buying can use MRP to verify that the correct components and supplies are on hand when needed.
Outsourcing can be viewed as a cost-cutting tactic that can affect processes like production, operations, or even customer service assistance, but it can be advantageous, particularly when talents are not available in-house. Outsourcing wood or sub-assemblies is typical in the furniture industry. Outsourcing providers are ultimately suppliers to your company, and quality should be checked to ensure that the partnership runs well.
Maintaining and achieving the needed quality necessitates oversight of tasks and resources supplied. This procedure entails quality control and improvement, as well as the establishment of quality policies and guarantees. Using high-quality materials will result in high-quality results. Any quality improvement within the organisation may bring value to the consumer, therefore continuous improvement is not limited to the supply chain.
Every step forward in technology's transition to a new digital world brings fresh innovations and ideas. Product design and innovation may help businesses attract more consumers and, as a result, enhance revenues.
Finding the proper suppliers to assist the innovation process is an important part of the process, as having the correct materials and adequate quantities may all help to improve overall competitive advantage.
Logistics is concerned with the acquisition, storage, and transportation of resources to their eventual destination. Logistics is critical to ensuring that the supply chain runs smoothly, lowering operational costs while enhancing efficiency. Poor logistics can cause delivery to be delayed, resulting in a failure to satisfy the needs of the customers.
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