The value of a flexible supply chain networkTo compete in the global marketplace, a company needs a dynamic and flexible logistic network. Businesses can use such a network to:
Many firms are unaware of the multiple benefits of establishing a highly responsive and high-quality supply chain. These businesses are slow to respond to changes in demand, technology disruptions, competitive challenges, and client preferences. Because outdated operational processes don't provide management teams with the information they need to run the business properly, they require much higher levels of operating capital in the form of inventory, which could be used for R&D, launching new products, acquisition, and other business activities that would accelerate growth and profit, they remain stuck in a rut.
Because of their difficulty to acquire and retain workers with the necessary skill sets to implement sophisticated operational systems and develop acceptable operational strategies, these challenges are common in middle market organizations. As a result, they may consider enlisting the help of outside consulting firms that specialize in formulating and planning operational plans that support the overall business strategy. How can logistic consultancies benefit businesses looking to build, reconstruct, or renovate their operational networks?A logistic consultant, to be specific, will help clients deliver high performance by working with their existing team to remodel their supply chains. The following are some of the major advantages that a company can gain by engaging a certain consultant. 1. A particular assessment program is designed by some skilled, qualified consultancies to verify the efficacy of a company's existing logistics. This procedure provides the organization with a fundamental road map for developing the best logistical plans. To examine the performance of an existing supply chain, a well-designed evaluation program will focus on the following:
2. These consultants have one goal in mind: to improve what already exists. As a result, they collaborate with a customer to rethink and revamp its:
3. In general, supply chain management solutions entail developing solutions that enhance the capabilities of an existing network. This type of transition occurs when:
For these reasons, any company that wants to optimize and improve its logistical and network workflows should engage the expertise of a seasoned supply chain consulting firm. Such businesses have the ability and unique insights that turn logistics into more than just a technical procedure, but a competitive advantage for a company. ReposiTrak Inc., which is powered by Park City Group's technology, is now the only platform that can provide customers with both compliance and commerce solutions, giving them a 360-degree view of their suppliers' data to increase supply chain efficiency and decrease risk. The ReposiTrak Speed Retail Platform, a cloud-based gateway, provides access to all of Park City Group's capabilities. ? Listen to our podcast: https://pod.co/podcastlive/fda-traceability-requirements via https://repositrakinc.blogspot.com/2022/02/taking-advantage-of-supply-chain.html
0 Comments
Importer Security Filings (ISF) preparationTo underline the significance of the ten (10) ISF data elements (excluding the "phantom eleventh"), I highly suggest you to amend your purchase order or other contractual agreements used in the transaction to require the vendor or supplier to comply with Importer Security Filing standards. Some importers are also imposing conditions on financial instruments like letters of credit. Including such language in your contract documents could be a mitigating factor if CBP fines you for late or inaccurate reporting after January 2010. I also propose that you contact your participating ocean carriers, NVOCCs, and freight forwarders and carefully coordinate operations with them. Meetings should be held ahead of time between your supplier base and the carrier(s) at origin to iron out new protocols and techniques for issuing the bill of lading number. Because most major ocean carriers (Maersk, APL/NOL, Evergreen, Hanjin, NYK, K-Line, OOCL, and others) are well-versed in ISF, their overseas offices can assist you in educating your vendor and supplier network if appropriately leveraged. I recommend contacting your carrier's US agent and demanding that their international offices engage problematic vendors or assist you in communicating this new requirement. Several importers are enforcing vendor penalties as part of their vendor compliance procedures to encourage compliance and help offset the potential cost of CBP penalties filed against the importer. Tips for Notifying Your Vendors and SuppliersImporters are currently concerned about their ability to obtain a bill of lading number in advance, as well as a lack of cooperation from suppliers and vendors. If you decide to file your ISF directly, look for a provider that has produced recommended notifications to send to suppliers and vendors. Recommended reading or attachments to your correspondence include an Adobe copy of the CBP Interim Final Rule (Federal Register Notice), copies of your new company policies or methods, copies of other publications concerning Importer Security Filing, and/or letters from Senior Management emphasizing the importance and their support for the initiative. Companies that use paper-based traceability procedures may under significant strain if they are asked to provide correct and updated records with only 24 hours' notice. They'd have to track down the documents, double-check them for accuracy, and then put them into a searchable spreadsheet with only the needed data – all in around 24 hours. All of this can be done in a matter of seconds with safety chain. An easy-to-use dashboard allows you to search for records by product type, date, line, lot, and other criteria. These personalized reports are simple to share, so you may send them to as many people as you choose. You can also set up controls to guarantee that data is collected consistently and shared with just the people who need to know. Exceptions to the rulesSmall farms that sell linear to the public, small retail food enterprises, and nonprofit food establishments are among those that are excused from the proposed Food Traceability Rule. A complete list of exemptions can be seen on the FDA's website. FDA Traceability requirements compliance date proposedThe FDA has recommended a two-year compliance date following the final regulation, and unlike many previous laws, there will be no phase-in period based on the size of the business. By the same deadline, everyone involved must comply. The supply chain solution companies, like ReposiTrak Inc., is a wholly-owned subsidiary of Park City Group with Leavitt Partners, chaired by Michael Leavitt, former Secretary of Health and Human Services, to meet the predicted surge in regulatory requirements connected with the Food Safety Modernization Act of 2011. (FSMA). ? Listen to our podcast: https://pod.co/podcastlive/fda-traceability-requirements via https://repositrakinc.blogspot.com/2022/01/importer-security-filing-vendor.html ReposiTrak, Inc. is a wholly-owned subsidiary of Park City Group and was originally co-founded with Leavitt Partners, led by Michael Leavitt, former Secretary of Health & Human Services, to address the expected rise in regulatory requirements associated with the Food Safety Modernization Act of 2011 (FSMA).
|
ReposiTrak Inc.
ReposiTrak, Inc. is a wholly-owned subsidiary of Park City Group and was originally co-founded with Leavitt Partners, led by Michael Leavitt, former Secretary of Health & Human Services, to address the expected rise in regulatory requirements associated with the Food Safety Modernization Act of 2011 (FSMA). |