Adept Supply Chain Solutions
Adept Supply Chain Solutions Ltd (ASCS) is a business management consultancy that helps micro and small-to-medium-sized enterprises (SME's) to achieve increased competitive advantage and sustainable year-on-year organic growth through improvements made in supply chain productivity and efficiency.
WHAT IS A SUPPLY CHAIN?
The role of all businesses is to satisfy the requirements of their customers through the creation of a product or service. This is achieved through a sequence of processes (work activities). Upstream, each process has at least one input and one supplier and downstream, at least one output and one customer. Therefore, a supply chain is created, generating added-value as production of the product or delivery of the service progresses. This is commonly referred to as the value-stream.
Typically, a business is established for the production of tangible products or intangible services and very often, a combination of both. The business will consist of at least one supply chain creating a value-stream. However, as a business's supply chains grow and become more complex over time, inefficiencies, in the form of waste elements, creep in to the business's processes, effectively reducing productivity and net profits. Such inefficiencies can occur in any aspect of a business's management and production, and it's a fact that a business is only as efficient as its least-efficient process.
PROFIT = SELLING PRICE - COST
THE IMPORTANCE OF REDUCING YOUR COSTS
Traditionally, a business would set a selling price based on cost plus profit, thereby covering the costs of those wastes. However, increasing global market forces and the continuing push for pricing transparency have led to a point where customers are only willing to pay for what they perceive as value-adding activity, effectively forcing reduced market prices. Now it’s a case of profit being the result of selling price minus cost. The need to identify and systematically reduce your business costs is fundamental to achieving competitive advantage.
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