Blue Paper- 11th edition
Discover actionable, data-driven strategies for integrated warehousing and fulfilment.
Efficiency – A guarded supply chain jewel
Supply chain inefficiencies continue to steal 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 open the vault of supply chain efficiency.
The 5 Os of inefficiency that arrest your supply chain
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 and packing errors and supply chain delays.
Assembling your heist crew
To ensure the success of your supply chain heist, 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:
The perfect partner for the efficiency heist
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.
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