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Tips for Managing your Supply Chain during the COVID-19 Outbreak – Infographic

excelsior on May 31, 2020

The COVID-19 outbreak has given many businesses today a rough time, especially in the aspect of growth and making a profit. As the virus spreads throughout the world for the past months, it is quite an unfortunate scenario for anyone who thrives in keeping their supply chain intact.

Since a lot of places such as cities and provinces are currently under quarantine, it can be an absolute challenge for an enterprise to reach out to their customers, let alone their suppliers. Failure to find a solution to this issue could be highly detrimental to your business.

However, there are ways of how you can minimize the negative effects of the pandemic on your supply chain. Here are some of the best tips that can help your supply chain to survive during the COVID-19 outbreak:

Tips for Managing your Supply Chain during the COVID-19 Outbreak - Infographic

Know More about Your Suppliers

With obstacles that are about to befall your line of communication, it is crucial for you as the owner to know more about your suppliers. Make sure to make an assessment regarding their capabilities to comply with your agreements during this situation. Ask them whether they manufacture the goods you receive from them, or if they receive it from others. Having such information can help you identify potential issues and the future and plan a strategy ahead of time.

Understand the Possible Implications of the Pandemic in terms of Demand

The rise and fall of demand for these times can depend on the type of business. For example, grocery stores tend to have a significant increase in demand for their products since people would most likely buy to replenish their food supply at home. This is, of course, not the same case with other businesses such as those that thrive in entertainment and leisure.

You need to consider what type of business you have, as well as your target market, in order to develop a more efficient response. You also need to keep in touch with your suppliers and talk with them regarding possible changes, especially in the arrival of their deliveries.

Study the Restrictions or Guidelines about Importing and Exporting

To hinder the swelling number of those who are infected with the virus, governments across the world implemented their own quarantine measures, which greatly affect the existing regulations in importing and exporting goods. If your business involves international importing and exporting products, then you need to know about these new guidelines.

Prepare a Pre-emptive Plan

Considering that China is one of the countries that got severely devastated by the virus, it won’t be a surprise that it will send a negative domino effect in global trade. There are still no clear indicators that this pandemic will be over soon, so always expect the unexpected. Prepare multiple alternative options in case of any disruptions in the part of your suppliers and be wary of early warning signs such as any changes in your suppliers’ payment terms.

Give Consideration for Your Workers’ Health and Welfare

Your workers play an essential role in making your supply chain in a stable condition. In line with this pandemic, successful businesses tend to survive because of the support that they receive from the loyal workforce. To look at this situation from a positive perspective, it can be an opportunity for you as the owner to show that your worker’s health and welfare will always be paramount.  Adjust and develop new working practices like remote work and increasing your automation methods.

Excelsior Worldwide Freight Logistics conducts free orientation for those who are willing to learn. It is our advocacy to share our knowledge & experience worth more than a decade in the business. Visit our website today at www.excelsior.ph to learn more about our service.

5 Ways to Improve Your Logistics Management – Infographic

excelsior on September 30, 2019

Logistics refer to the detailed coordination of a complex operation that involves people, facilities and supplies. In the world of business, logistics is the practice of managing a certain flow of things between the point of origin and point of consumption in order to satisfy the needs of customers and operations.

Many enterprises today tend to pay a lot of attention to the way of how they manage logistics because it basically helps them to increase the value of their business. Logistics have the capability to enhance the merchandise and make the products much more accessible. Additionally, the economy of a country depends heavily on the efficiency of logistics to support the stable movement and flow of many economic operations.

Logistics management is one of the most vital components of business operations as its result often brings a significant impact on the internal processes as well as relation with customers.

Strategic planning and knowledge combined are two of the basic qualities every business leader must have in order to perform excellent logistics management.

To help you achieve such a state where logistics is your business’ primary tool against competitors, here are five ways to improve your logistics management.

5 Ways to Improve Your Logistics Management - Infographic

  1. Keep your inventory intact

Some businesses often made the mistake of putting a large quantity of their stocks in a small warehouse. If your stocks are too many for your warehouse to host, then it might be better to consider partnering with third-party warehousing. Failure to use a suitable facility makes you unable to do efficient inventory management, which may eventually lead to supply shortage and delayed orders.

But if third party warehousing is not a choice for you, it is always better to maintain a sizable inventory at your warehouse as much as possible.

  1. Facilitate dialogue between employees

Character also plays a major role in the success of a business in the aspect of logistics. Establishing deeper relationships among employees promotes a type of mindset that in unity, there is a victory. If you start to facilitate dialogue or healthy conversations with your employees, they will soon be encouraged to do it with each other as well. This can allow them to strengthen their ability to work as a single unit and accomplish their task efficiently and competitively.

  1. Always update your customers

Outstanding logistics management is a way to excel in providing customer service. Once your employees were able to meet the needs and expectations of your customers, it is more likely that your customers will buy more of your products.

If you wanted to amp up your logistics management in relation to customer service, being more transparent on your logistical purchasing processes keeps them more contented and loyal in the long run. This can be done by sending informative emails, tracking numbers, and other information that keeps them well informed.

  1. Provide your employees with adequate training

Members of your staff who regularly manage orders and handle information in a conventional way must be given sufficient training on the more sophisticated and modern methods or techniques. You can discuss this idea with your HR department or ask the software vendor to organize training sessions for your team.

  1. Observe your leading competitors

Though there’s going to be a lot of competition going their way, seeing them as hindrances won’t help you achieve your goal. Instead, you can take a closer look at some of your leading competitors and see what specific abilities and tools they have in order to keep their level of logistical competitiveness high. As a rule of thumb, you can take a note at your competitors:

  • Modern Software Systems
  • Newest techniques and strategies in logistics management
  • Training programs for their staff members

If you wanted to take your logistics management to the next level, take heed of these five tips to ensure that you will maintain competitiveness by organizing your most daunting business processes!

Excelsior Worldwide Freight Logistics conduct free orientation for those who are willing to learn. It is our advocacy to share our knowledge & experience worth more than a decade in the business. Visit our website today at www.excelsior.ph to learn more about our service.

Excelsior Worldwide Logistics Corp.