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What is Supply Chain Planning?

What is Supply Chain Planning?

Supply chain planning is the process of managing a company’s resources in order to meet customer demand. It entails analysing current market trends and future customer needs, forecasting inventory levels, and then deciding how to utilise your supply chain resources best. This can be a complicated process, but having a strategic plan in place can ensure that your business runs as efficiently as possible.


Supply chain planning processes 


The first step in supply chain planning is to identify current market trends and customer needs. Investigating industry data on what customers are purchasing can assist you in determining which products or services should be prioritised in your inventory. Create an inventory forecast once you’ve determined what items need to be stocked. Forecasting allows you to predict how much of each item will be needed at any given time, allowing you to avoid overstocking or understocking your inventory.


It is also important to consider the cost of ordering items from suppliers when developing your supply chain plan. Knowing how much each item costs will help you decide how much stock to order at once to maximise efficiency while minimising costs. Additionally, other costs associated with running a business, such as shipping costs, storage fees, and so on, must be considered in order to create a comprehensive budget for the entire supply chain process.


Once all of these pieces are in place, it is time to make decisions about how to manage your resources best. This includes determining where orders will come from, when they need to arrive at their destination, how many orders will need to be placed each month/year, and strategies for dealing with unexpected changes in customer demand or product availability. Having an effective system in place to track these elements will help ensure that your supply chain runs smoothly and minimise disruptions caused by unexpected changes or delays in delivery times.


When logistic companies come into the equation


Logistic companies, such as couriers or freight forwarders, can help to alleviate the stress and headaches associated with managing your supply chain. By enlisting the services of a logistic company, you can ensure that orders are placed and tracked accurately and that goods arrive at their destination on time. That customer needs are met while keeping costs to a minimum. Logistics companies also have a large network of contacts and resources that can be used to help streamline your supply chain operations.


They can also offer valuable advice and insight into how to improve existing processes to ensure maximum efficiency and reliability in the supply chain. You will have access to a wealth of knowledge and expertise with the right partner, which will assist you in achieving the desired outcome and meeting your business objectives. Logistics companies also provide a wide range of services such as warehousing, transportation management, inventory control and freight forwarding. By delegating these tasks to an experienced third party, you can reduce costs while increasing efficiency.


Australian Customs Brokers is a freight forwarding company in Brisbane that can assist you with all aspects of shipping. We connect businesses to the most dependable and cost-effective freight forwarding services available on the market through our global freight forwarding and logistics network. Get in touch today to see how we can help your business save time and money on shipping.

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