The Retail Champion offers supply chain support, but what is a supply chain and where does your business fit into it?
A supply chain is a network that is involved in the production, distribution, and delivery of goods and services to the end customers. The network can include individuals, organisation, activities, information and resources.
The key components of a typical supply chain are:
Suppliers that provide the raw materials, components or services that are necessary to produce the end-product. This could be organisations or individual people who produce, manufacture, wholesale or provide a service.
Manufacturers and Producers take those raw materials and create the finished products. This could be a large manufacturing business or it could be a solo artisan.
Distributors and Wholesalers bridge the gap between manufacturers and retailers. They purchase goods from manufacturers in large quantities and store them in warehouses. They then distribute the finished products to retailers, as well as directly to customers.
Retailers sell those products to the end user through various methods such as physical shops, online platforms (website, Etsy, etc) or other channels that are worth for their customers. They are the final link in the supply chain.
Logistics and Transportation move the goods from one location to another. They move between warehousing, inventory management, order fulfillment, transportation (by road, air, sea or rail), and final distribution.
The supply chain could also include management systems that ensure everything connects together and operates smoothly. Of course, the supply chain finished with the Customers purchasing the product or using the service.
How can the Retail Champion support your supply chain?
Our experienced team at the Retail Champion can help piece together a supply chain, no matter where along the journey your business sits.
The support we offer will depend on a number of factors relating to your business but aims to help your business optimise your supply chain processes, boosting efficiency, reducing costs, and improving customer satisfaction. We aim to provide valuable resources and tools to help you remain competitive in an often complex environment. The support we can offer could include:
Consultancy: Our expertise and guidance can help improve your efficiency by optimising inventory levels, reducing costs, implementing best practices, and addressing specific challenges. We can conduct assessments, develop strategies and provide recommendations tailored to the diverse needs of your business and the role it plays in the supply chain.
Training: We can create training programmes and educational resources to enhance the knowledge and skills of your team. This will be designed to work around the needs of your business and could be in the format of a workshop, webinar, etc.
Topics covered by our training could include supply chain management principles, logistics, inventory optimisation, demand forecasting and sustainable supply chain practices.
Regulatory and Policy Guidance: We can connect you with the relevant government agencies and regulatory bodies that can assist in the creation of regulations, guidelines and policies that promote efficient and sustainable supply chain practices.
They may also be able to offer resources, incentives, or programmes to encourage organisations to adopt responsible supply chain practices, comply with regulations and navigate international trade requirements.
We can also advise you on Financial Support Programmes that are available from the government or other organisation to help remove the financial burdens often associated with supply chain operations.Contact Now
Independent Management Consultant, formerly Head of Space Planning at Woolworths plc
To experience the radiant energy of Clare's enthusiasm is awesome! She has a committed immersion in every activity that she is engaged in, whether consulting, speaking or just a chat over coffee - her wide knowledge of retail engineering coupled with her sunny and effusive demeanour helps the task flow at a rate of knots!