Originally Published on: SpendEdge |Supply Chain Management Helps a Plumbing Supply Store Enhance Operations and Increase Reliability
Principal plumbing services include fixing, repairing, and maintaining pipelines and devices used for distributing or treating water, sewage, and gas. The plumbing industry is predominantly responsible for the provision of services for a variety of appliances and building amenities. Nearly half of the global demand for plumbing supply stores is driven by the residential improvement and repair industry. The growth of plumbing supply stores is anticipated to be fueled by a rise in disposable income, a rise in infrastructure spending, and an increase in investments in smart homes and buildings.
Value of Supply Chain Management Procedure
The objective of the supply chain management process is to create net value, establish a competitive infrastructure, leverage global logistics, synchronize supply with market demand, and measure global performance. The supply chain management process oversees the equilibrium between demand and supply and encompasses the procurement of raw materials and their transformation into finished products.
Management of Supply Chain Functions
A streamlined supply chain management procedure can enhance customer relations and reduce operational expenses. The process for managing the global supply chain comprises five functions:Purchasing entails acquiring the raw materials and other products necessary for the production of the merchandise.Operations – Demand planning and forecasting are supply chain management functions in operations.Logistics – Logistics ensures that goods or services reach their final destination without hiccups.Resource management entails determining the allocation of resources at the optimal time in order to optimize production while minimizing costs.Information Overload – If communications are inadequate, it could disrupt the entire supply chain and result in mismanagement.
What are the advantages of SpendEdge?
SpendEdge is a global strategic partner for more than 500+ Fortune 500 companies and other industry leaders. With expertise in supply market intelligence, spend analysis and benchmarking, supply chain risk assessment, and category management, we serve a diverse range of industries, from pharmaceutical and life sciences to transportation.
Client's Personality
Client is one of the nation's leading independent plumbing wholesalers. They have over seventy affiliate offices spread across six western states.
Problematic situations
The client, a leading plumbing supply store was going through a tough period. The plumbing supply store struggled with a lack of supply support, identifying capable suppliers from a vast array of resources, and rising supply chain expenses. As a result of fluctuating market requirements, the company struggled to manage product demand and supply uncertainty. In addition, the client required the development and implementation of new processes and policies, as well as the facilitation of a seamless transition throughout their business entities.
Delivered Options
A company's success is inextricably attached to the efficiency of its supply chain. With SpendEdge's supply chain management solutions, the plumbing supply store was able to assure compliance and quality throughout the entire supply chain. In addition, the client gained a deeper understanding of global supply capabilities and attained its objective of supplier diversification in response to the growing significance of supply chain management. This enabled them achieve a higher ROI and increase sales.
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Revamped Supply Chain Boosts Plumbing Store Performance
RandomFixing, repairing, and maintaining pipelines and devices that distribute or treat water, sewage, or gas are the primary services provided by the plumbing industry.
