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.
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.
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.
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.
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.
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.
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.