Organizations which follow the traditional approach of managing their services and supply chain separately tend to lack coordination in executing the project orders, delays, and customer issues. Project driven companies, with the help of project driven supply chain solutions, can achieve improved customer service with enhanced inventory control, better working capital management, and enabling execution on time. It enables companies to develop a planning and execution strategy and improve the decision making accuracy.
A project driven supply chain ensures seamless and integrated business operations. Reduction in margins or huge penalties for delays in project delivery or focus to gain a competitive edge have become some of the driving forces for various companies to look at more advanced process which can support improvements in project delivery schedules. Completion within the due date is not the only criteria, it is also important to evaluate and make the right choice of the most cost-effective solution.
Some of the generally recommended processes include forecasting, consolidation, collaboration, and business alignment. Adapting and employing the project driven supply chain planning and processes can help the companies achieve their business goals and also give them competitive advantage.
Project driven supply chain delivers various real time benefits including:
Improvement in supply chain delivery performance and quality and timely project delivery.
Improvement in financial projections.
PDSC enables improvement in margins by obtaining the scarce material and resources early and remain safeguarded against the fluctuating market.
It further helps improve control over project materials and allows for prioritization of resources during shortages.
Improving overall customer satisfaction.
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