We have seen in the past that investing in bigger production capacities and economies of scale was the only way to increase profitability. However, things have turned for the better in recent times, all thanks to better sales and supply chain management technology. With this technology, the export sales team can automate and improve export shipments and sales, manage negotiations and tenders under one platform, and stay updated with the global timber markets. This, ultimately, creates a competitive advantage over others to ultimately increase revenue and decrease costs while saving a lot of time in the process.
Some of the most important features that supply chain management brings to the table by making them hassle-free include:
- Analytics and Compliance
- Automating Export Processes
- Logistics
- Documentation
If you have a well-maintained supply chain process, you gain several benefits that include:
- Enhanced Collaboration: Through a supply chain process, you can avoid potential complications right from the get-go as there is open and effective communication between all the parties involved.
- Reduced Costs: As you understand the demands of the customers and maintain proper inventory levels with the help of supply chain management, you ultimately reduce and save costs to a large extent.
- Transparency of Operations: Through a supply chain automation system you can easily know what is happening upstream in the supply chain and communicate the progress of each step both internally and externally.
- Accountability: With an effective supply chain platform in place, you can keep track of the entire process, thereby ensuring crystal clear supply chain insights where the information exchange can bring value for the exporter.
- Profitability: By integrating supply chain management software, you can see your entire business process at a glance which would help you distinguish between which relationships are strategically important and which are not. As you manage the business more efficiently, you can control the costs and enhance the profit margins.
- Minimal Delays: By keeping a steady and consistent flow of materials and finished products, you actually end up minimizing delays in manufacturing and delivery of the same.
- Improved Relationships: By enhancing the collaboration between the suppliers and distributors and providing minimal delays in delivery and production, you can dramatically improve the relationships you share with all the parties involved.
- Identifying Potential Opportunities: As you integrate a supply chain management platform within your business operations, you will be able to see everything involved with the transaction in one place, thereby allowing you to figure out possible cost-cutting opportunities.
Sawmills, in today’s time, can sell globally, but they often don’t have adequate tools to manage the shipments and sales. Having a tool that can integrate everything into a single system can help with significant coordination and alignment to ensure everyone is working towards the same goal.
By integrating a supply chain management tool, on the other hand, you can relax. This is more often than not a plug-and-play platform with a set-up time of one hour that can start working from the moment you input your business details. From then on, all you have to do is pay a small fee to the provider, have a training session with all the employees to tell them how to handle the platform, and watch how the operations run smoothly without interference. The fact that all the documentation is provided on the platform, and you get real-time data ensures that you save a lot of time and money.
It is understandable that implementing supply chain integration can be overwhelming, especially if you’re not well-versed with the platform. That is why Timber Exchange has come up with the best supply chain automation platform you can come across. Providing custom and white-label solutions for your business, all you have to do is sign up on the platform and let the professionals at Timber Exchange guide you through the rest. Book a demo session for more information.