What is Supply Chain Management?

Supply chain management (SCM) refers to the entire process of monitoring and optimizing the flow of goods, services, and information across the entire supply chain. It includes various functions such as procurement support, inventory management, logistics and shipping, demand forecasting, analytics, and administrative tasks. Supply chain management services ensures efficient vendor sourcing, contract management, stock control, transportation, and compliance with regulations while leveraging data-driven insights to improve operational efficiency and reduce costs. This is where virtual assistants for supply chain management come into play. By simplifying these processes, businesses can enhance supply chain visibility, optimize resource allocation, and improve overall performance.

Supply Chain Support Service Offerings

Procurement management process in SCM

Procurement management process

  • Vendor Sourcing

    The process of evaluating potential suppliers in terms of capability, price, and time they take to deliver goods.

  • Purchase Orders (PO)

    Generating, transmission, and follow up on the purchase orders with suppliers for procurement.

  • Negotiation of Price

    Bargaining with the suppliers to get the best price possible in relation to the deals.

  • Vendor Relationship Management

    Ensuring that there is regular interaction with the suppliers and being able to handle issues that are most probably to arise.

  • Contract Management

    Examining contracts and their disposition to check their conformity to contractual provisions.

  • Procurement Process Optimization

    Simplifying supplier management and cost strategies for organizations.

  • Supplier assessment

    Regular evaluation of the supplier’s performance to ensure consistency in the quality and reliability of products or services provided.

  • Compliance with laws and regulations

    It makes sure that all the activities regarding procurement are in compliance with the legal and organizational principles.

Inventory Management Solutions in SCM

Inventory Management Solutions

  • Stock management

    Ensuring that there are adequate stocks without any excess so that they do not end up developing a shortage or buying large stocks of goods that may take a long time to sell in the market.

  • Reorder Point Management:

    Executing reorder points according to the forecasted demand and supplier lead time.

  • Inventory Reporting

    Regular production of reports such as the balance sheet of the stocks, stock turnovers, and the age of the stocks.

  • Warehouse Management

    Coordinating with the stove warehousing department for effective storage, intake, and transfer of the inventory.

  • Automated Inventory Management System

    Providing an online service of inventory maintenance, tracking, and forecasting product demand.

  • Cycle Counting

    Engaging in the count of inventories at regular intervals in order to minimize the chances of inaccuracies in the stock records.

  • Aims

    Proposing changes in storage space to effectively organize stock to minimize time spent in a warehouse management system.

  • Supply Chain Visibility

    Allowing organizations to track the status of inventory at one or multiple locations at any given time.

Logistics Services and Shipping Support in SCM

Logistics Services and Shipping Support

  • Transportation Control

    Supervising the delivery of products to avoid any delay and having a solution beforehand if the shipment is delayed.

  • Freight Management

    This involves identifying ways of managing the inbound and outbound freight, such as carrier booking and scheduling of delivery.

  • Customs Procedures

    Avoiding the violation of customs regulations as well as their compliance when preparing import/export documents.

  • Transportation Management

    Improving the efficiency of transportation operations and transit times.

  • Transportation

    Determining the most efficient shipping channels to avoid costs and enhance the efficiency of the delivery.

  • Carrier Negotiation

    The act of communicating with shipping providers to come to better deals on freight prices.

Demand Planning and Forecasting in SCM

Demand Planning and Forecasting

  • Data Gathering

    Regular gathering of information regarding the sales and potential market changes.

  • Forecast Adjustments

    Revisiting the estimates made earlier in the light of past experience or seasonal and market influences.

  • Working with Other Teams

    Ensuring that the teams of the involved functions – sales, marketing, and operations – work in harmony in order to match the supply with the demand.

  • Competitive Analysis

    Monitoring external factors which may affect demand in the market and change the expectations accordingly.

  • Customer Demand Insights

    Using customers’ buying behavior to enhance the inventory management process.

  • Sales & Operations Planning (S&OP)

    Integrating supply chain strategies with business objectives for improved planning accuracy.

Supply Chain Analytics and Reporting in SCM

Supply Chain Analytics and Reporting

  • KPI Monitoring

    Tracking indicators including delivery punctuality percentages, inventory stocking frequency, and cost per product.

  • Performance Reporting

    Generating immense and elaborate reports that give
    details on how the supply chain functions and
    where it has depredation.

  • Risk Analysis

    Determine the risks that may slow down the process and suggest how they can be countered in advance.

  • Understanding Performance

    Using analytic tools to give valuable advice for enhancing supply chain efficiency.

  • Supply Chain Cost Control

    Identifying waste expenses in a supply chain.

  • Business Process Improvement

    Understanding areas that need better organizational alignment and upgrading them through best practices.

Administrative Support in SCM

Administrative Support

  • Business organization

    Arranging records of suppliers, customers as well as the shipping details in an orderly manner.

  • Expense Management

    Documenting and analyzing the costs accruing from back-office support for supply chain management with the general aim of improving the current budgets, and financial decisions.

  • Supply Chain Assistance in Procurement

    Managing documents, compliance issues, and vendor relations in order to facilitate procurement procedures.

  • Sales management

    Tracking and controlling sales and purchase orders to avoid issues such as errors and delays.

  • Administration and Storage of Documents

    Properly filing contracts, invoices, and other legal documents that a business may deal with on a regular basis.

  • Supplier Management

    The procedure of maintaining adequate communication with the suppliers about the orders made by the organization and its expectations from the suppliers.

Why choose Velan for SupplyChain Management solutions?

  • Expert Virtual Assistants
  • 24/7 Back-Office Support
  • Cost-Effective Solutions
  • Data-Driven Insights
  • Scalability
Simplify your Supply Chain with Expert Support! Let’s Optimize Together!

Frequently Asked Questions

By leveraging the help of a logistics & inventory management virtual assistant, companies can streamline their operations and focus on core business activities, ensuring smoother and more efficient workflows.

Our services include stock monitoring, reorder point management, inventory reporting, warehouse optimization, and real-time stock tracking.

Yes, our virtual assistants collect and analyze sales and market data to predict demand fluctuations. They collaborate with teams to align demand with supply and adjust forecasts based on market trends, helping businesses stay ahead of demand and manage resources efficiently.

A virtual assistant for inventory management services can support procurement by handling tasks such as vendor sourcing, price negotiations, purchase order creation, and supplier relationship management.

Our logistics in supply chain management support includes shipment tracking, freight coordination, customs documentation, and delivery scheduling. We also help negotiate with carriers for cost-effective solutions, optimize shipping routes, and manage risks associated with delays, ensuring timely deliveries and cost-effective operations.
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