BLC, please visit our dedicated supply chain mapping web page, email [email protected] or call +44 (0)1604 679 999. Your email address will not be published. It will also enable you to identify pinch points such as long lead times or a reliance on single suppliers. "We Injection Mold Plastic Parts for Complex Applications", Kaysun Corporation, Inc.5500 West driveManitowoc, WI 54220, KAYSUN CORPORATION, INC. 6 Benefits of Supply Chain Visibility Having insight into every link of your supply chain can have an immense impact on every aspect of your business' operations. power to leverage for the implementation of environmental and social best Eurofins | BLC provide a service that rigorously identifies and quantifies the specific risks that may be encountered within a materials supply chain. Find out Sedex helps DuPont Nutrition with supply chain mapping. Mapping is a useful tool to support risk assessment and for prioritizing suppliers and actions within a sustainable sourcing strategy. Our people are what makes us stand out from the crowd. It can help you mitigate risks and see areas you need to improve. Supply chain management has never been so complex as businesses manage production, distribution and inventory across multiple continents. practice. No local installation needed . Should Leather be considered essential and sustainable? Create supply chain transparency and visibility. Identify who will be responsible for pulling together information about suppliers and capture what you already know in a single place. 2. This information can be held in a singledata platformfor ease and to facilitate analysis. Meet them here. Introducing Tom Carter RfM Group Tax Manager, Its good to listen RfM introduces new Wellbeing Team. Supply Chain, 5500 West Drive,Manitowoc, WI 54220920-686-5800, 2022 Kaysun Corporation|Privacy Policy | Transparency In Coverage, Checklist: OEM-Molder Strategies for the Resin Shortage, Supply Chain Mapping (Why it's important) | Sedex, 5 reasons organisations need to map their supply chains - Achilles. The Benefits of Process Automation in Supply Chain Mapping. This benefit Benefits of Supply Chain Mapping Improved Visibility and Transparency Supply chain mapping improves the visibility of your product or material's origins. Our expertise includes leather lifecycle and waste, materials traceability, data collection, manufacturing . manufactured, something that can be used to differentiate from Historically, businesses have always been wary of divulging too much about their sourcing, worried that it would make them less competitive, or open their practices to criticism. Supply chains are vital in any industry, yet they can be vulnerable to devastating disruption. For example- Use several tools to research your suppliers. You can document the name of the business and contact information on paper, or use supply chain planning software. Copyright The Tech Trend. In the aftermath of Covid-19, businesses have identified challenges and weak points in their supply chains, among them supply, material and labor shortages, congested . If a food safety alert or news story breaks surrounding this area, businesses can see if any of the named suppliers are in their supply chain. Here we keep you up to date on all things RfM and the latest from the world of business and accountancy. products. 4 Benefits of Supply Chain Transparency . Visualize your locations, relations and areas with easy to use templates. Having a real-time view of supply chain tracking helps companies predict when things are slowing down or speeding up, as well as maintain quality control by reporting damages en route. The invitation can be sent to second-tier suppliers. At Sedex, we can help your business get started with supply chain mapping, offering support through our tools and data platform. 2. 8 Benefits of Supply Chain Mapping. First, you can determine when quality concerns over your physical supplies might be . Take action to remediate issues and protect workers. To do this effectively companies must know who their suppliers are, the risk of modern slavery, and what action is being taken to prevent and remediate it if or when identified. materials. Supply chain mapping is an essential exercise for brands, When get free she spend her time in gym, travelling and photography. This transparency allows for a better understanding of where disruptions truly lie, allowing you to . Knowing your supply chain doesnt just mean knowing your suppliers, where theyre located and how supplies get from them to you. [email protected] 2 3,800 staff 35+ offices and labs 85 countries covered 14,000 corporate customers spanning all Consumer Goods & Food A global footprint to help with all your quality and compliance programs, everywhere. Supply chain mapping is important for businesses to realise their corporate social responsibility policies. transparency. Supply chain mapping is possible You need to have strategies in place so that you can quickly react When there is a supply problem like a shortage facing a supplier, An order is lost in the system There is a sudden surge in demand or something else entirely. These examples demonstate why you need to be proactive in your plannning: A key component for your lead product comes from a supplier in financial difficulty. Please contact our experts for a quote for technical advice on supply chain mapping, testing, consulting, auditing or training. different materials are sourced, organisations can enhance their buying power MANITOWOC, WI 54220, KAYSUN CORPORATION, INC. for example. To catalog and distribute key information for survival in a dynamic environment (in order) to direct the focus of the managers. The boxes in blue show the number of businesses, while the table lists the company name and size. Understanding how your multi-tier supply chain is connected allows you to discover where delays stem from. 3. Mapping is an important strategic tool in uncovering potential supply chain sensitivities. The exact source of the materials and All shipments used will be mapped. Accurate supply chain mapping only became possible with the rise of online maps and the social web. The aim of supply chain mapping and traceability is: to increase the ability to manage the value chains more effectively, to identify and address labour and human rights violations. In fact, it can lead to big savings. 2. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); BLC is a commercial business-to-business organisation. In the wake of numerous global sourcing scandals, consumers are demanding greater traceability of the products they buy, and businesses require more visibility of potential weaknesses in their supply chains. Current research results show that supply chain mapping can provide a significant . greater risk of environmental and social malpractice that can be of significant The Chartered Institute of Purchasing and Supply considers corporate social responsibility (CSR) to be the "number one issue in its role in helping organisations to responsibly increase prosperity".By bringing ethics into business, organisations are able to create benefits for the . What is supply chain mapping? It can bring benefits to the organisation but it's like putting all your eggs in one basket: disruption in one area could bring down the whole supply chain. It also provides clear evidence of compliance and transparency to your customers. number of benefits of supply chain mapping including traceability, The benefits of supply chain mapping are operational, tactical, and instrumental in building solid vendor relationships that help you in other areas. New Online Training Courses with Up to 30% Off*, Sustainability in the Leather Supply Chain Conference 2018. In the introduction to that article Farris writes that there are "compelling arguments supporting the benefits of strategically mapping the supply chain." They include: To link corporate strategy to supply chain strategy. What functions add the most value to your company? Mapping the process is not just a tool for the bigger business. 2022 Sedex Information Exchange Limited. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); BLC Leather Technology Centre Ltd Mapping your supply chain can help you better understand lead times, highlight weak points, or if one supplier could hamstring your business. Mapping the supply chain your business relies on offers your organization several benefits. Visibility can Licensees undertake Supply Chain Mapping to identify the sub tiers of their Supply Chain. Sign up with The Tech Trend and get direct story to your inbox. Why? However, when you open the doors and embrace supply . Supply chain rationalisation. In the uncertainty of a post-Brexit trading landscape, the practice could certainly help you manage logistical disruption. To find out more about the Supply Chain Mapping service provided by Eurofins | If you use several wholesale agents, you may want to start this earlier in your supply chain mapping process. You might suggest setting up a dedicated channel on Slack to allow for constant, real-time communication between you and the contractor handling your returns. of enhancing supply chain visibility is a valuable first step in improving the It also helps businesses fulfill real-time demand obligations. competitors. With natural disasters, factory fires, CSR issues, and . Whatever technology platform a company uses to map its supply chain, a core best practice is to prioritize mapping those parts and materials that impact high-revenue products. sustainability challenges associated with the supply chain to be identified and Therefore, you need to establish a documentation structure . This article will help you understand what supply chain mapping is, and what first steps you should take to implement it with the aim of avoiding similar surprises. For example, some countries have higher rates of exploitative practices like child labour and are therefore higher risk to source from. While some The list will keep a trace of suppliers and their sub-tier suppliers. By mapping and analyzing ahead of time, organizations can avoid unnecessary confusion and delays while achieving desired outcomes because they know every site, product and . Disruptions in global supply chains jeopardize the financial sustainability of companies. By mapping your supply chain, you can: Identify where value is added or lost. This paper focuses on the role of supply chain mapping in relation to establishing a framework for sustainability. All right reserved. Required fields are marked *. There are a Benefits of mapping your supply chain Resiliency and risk management - The world is no stranger to supply chain disruptions, but what if they could be prevented? Managing Restricted Chemicals & Legislation, Increase Your Leather Traceability with Value Chain Mapping, Adding Leather Traceability to Your Supply Chain with BLCs Expert Support Package, Save the Date! benefits of supply chain mapping can enhance your commercial business decisions In the course of recent value stream mapping projects, Davies & Robson has worked with clients to: Save 2m in Supply Chain Costs: Reduced the end to end Supply Chain lead-time by lowering stock levels and increasing frequency of shipping. Learn more about how your injection molding partner can guide you in resin selection with the Checklist: OEM-Molder Strategies for the Resin Shortage. The benefits of supply chain mapping are endless, but one of the most prominent has to be the ability to identify those suppliers that pose the biggest risk to your business. Motivate suppliers It is absolutely critical to success that buyers get suppliers' support in mapping the supply chain by clearly explaining the benefits. One popular map format uses precise geographic information for nodes. NN3 6JD, +44 (0)1604 679 999 Whether you're looking to establish green credentials, minimise carbon footprint, or implement best practice on modern slavery, knowing your supply chain will help get you there. Integrate information on your suppliers from different sources using a spreadsheet or data platform. Gaining corporate approval. You can think of your supply chain as a value chain by considering how time and costs either create or prevent value. This includes where they are located, the activities occurring at different sites, and the people they employ. Investors and consumers expect a business to know how and where their products are made. Value stream mapping is a proven practice at the manufacturing level and can render an equal or greater value at the supply chain level by providing a practical, graphical and data-driven picture to frame analysis of these factors. information gathered as part of a Supply Chain Mapping project can allow brands Effective supply chain management is crucial for business performance and can have a range of benefits, including the streamlined flow of goods and services as well as improved customer satisfaction. Unseen silos could increase the likelihood of disruptions, For example, procurement between sales, marketing, fulfillment, and procurement. A major incentive for the supplier is that they will also be able to understand risk in their own supply chains and improve their own business resilience. Motivate suppliers It is critical that buyers get suppliers' support in mapping the supply chain by clearly explaining the benefits. Benefits of Mapping Your Supply Chain February 24, 2021 l Presenter: Emi Vrioni. Incorporating supply chain mapping into a comprehensive due diligence programme is key to reassuring investors that businesses understand their supply chains and have true visibility of the risks within them. The benefits are the following: Seamless flow of activities across the supply chain Reducing delays with the ability to detect any issues across the supply chain Better relationships with suppliers and customers Complete visibility can reduce risks, operating costs, and predict and plan to meet the needs of market changes Identify exactly where in the supply chain title/ ownership changes for the materials product . The Sedex platform holds all this information in one place to build an interactive map with reporting. Supply chain mapping is an essential part of responsible sourcing. There are many benefits of supply chain management, such as efficient rates, decrease cost, increased outputs, and increased profit levels . Furthermore, even for a business that's prepared to be transparent, it . We take pride in our 'client-focused' approach. + more in the know with the RfM Newsletter, Staff out of office? Mitigate Risks 1. The necessity to create and maintain a detailed . Conduct an initial risk assessment to help you prioritise where to focus next. What is Supply Chain Mapping and Why is it Important. undertaking a Supply Chain Mapping project with Eurofins | BLC, organisations Supply chain mapping is the first step in creating an "outcome-driven supply chain.". To offer a basis for supply chain redesign . Also, it can help you have a more efficient and effective supply chain. In this session, QIMA's Emi Vrioni will deep-dive into the world of supply chain mapping, the . Another underlying benefit of the supply chain is that it adds up to wonderful coordination of all the business entities in delivering the final product to your end customers. visibility into contractual agreements, and many are themselves incorporating 1. 5500 WEST DRIVE Northampton of supply chain mapping allows Your sustainability strategy should be closely aligned to your corporate purpose and vision and have clear, measurable goals. Having more information about suppliers and workers allows a business to understand the human rights and environmental impacts their decisions may have throughout their supply chain. Improved product and material flow Time-to-consumer is a crucial indicator of product flow efficiency. or less risky, expensive, or time-consuming. Speak to stakeholders across your business and various departments, look at suppliers invoices, and check the addresses on their websites. These silos can be removed by improving knowledge sharing. Supplier mapping: Enables you to plan ahead of any major project supply chains are often multi-tiered, international and large. according to your whishes. We explain why supply chain mapping is a useful tool for smaller businesses. How else could you ship your product? Mapping helps integrate information systems with the physical process Where to Start with Value Stream Mapping The first place to start is the use of standard work and 5S. Conveying the importance of supply chain sustainability to your fellow directors will enable you to secure buy-in for the project. 5500 WEST DRIVE In addition to the commercial benefits Can you trace every step of its journey to you, from raw materials to finished goods? Which roads, whose lorries, which warehouse? There are a number of benefits of supply chain mapping including traceability, rationalisation, enhanced management, improved compliance and brand enhancement. Or between your business, your suppliers, or your customers. Sustainability & Supply Chain Mapping. Having comprehensive information about your supply chain allows you to see the big picture andmake your Plan B. SOLUTIONS Network Layout Scenarios Planning Risk Management Supply Chain Optimization Sustainability Supply chain operations are anything but stagnant. 1. Create supply chain transparency and visibility. enhancement. Sedex can help you gather information on suppliers The mapping helps identify supply chain bottlenecks and devise strategies to avoid them with ease. are provided with a custom-built tool that can prove your compliance with 2022 Sedex Information Exchange Limited. The CSIRO Supply Chain Mapping Project primarily analysed the national benefit of potential transport cost savings by using Inland Rail and as a result has also identified potential savings for freight destined and moving between the eastern states of Victoria, New South Wales and Queensland.. Inland Rail has the potential to deliver $149.4 million in transport . One of the clearest benefits to a SCRM program is the increased security and safety for you and your customers. In doing so, organisations are provided with information that not only enables them to make informed decisions to reduce the risk of reputational damage, but also to add value. However, it takes on added importance when supply chains are broken or proven susceptible to risk when unforeseen circumstances arise. Identify and understand inherent risks within the supply chain and protect operations and reputation against them. Documenting information between companies, suppliers, or individuals Who are involved in the supply chain of the company to create a global map showing their supply network. associated with a rationalised supply chain, organisations can use this buying Click the button below to download your copy now. chain looks like, organisations are in a position to make more informed You can search by region and or constituency. Without a mapping system that prioritizes . The first online supply chain mapping platform was developed at the Massachusetts Institute . Reduced environmental impact. It is knowing who your suppliers suppliers are, and their suppliers, and so on. Commentary on summary: Supply chain mapping helps companies: 1. The benefits of supply chain mapping, however, go well beyond information availability and mitigating regulatory and reputational risks. Financial transactions can move in many ways to maximise the tax benefits and do not need to mirror the physical movement of the materials/ product. Benefits of Supply Chain Mapping Supply chain mapping will aid your performance in several ways. These questions and answers are crucial in understanding if youre leveraging the benefits of supply chain mapping. BLC can retain all personal data and information submitted in this contact form for business to business marketing purposes, in accordance with GDPR and PECR. social and environmental footprint of a global supply chain. The idea of publicly sharing information about the workings of your supply chain may seem daunting. Your email address will not be published. Mapping Strategies After ensuring the audience understands the concept of supply chain mapping the economist can then elaborate on the obvious benefits of using the maps to anticipate supply chain disruptions and various mapping strategies available to them. Material Supply chain mapping as a means towards improvement . The supply chain map is used to identify potential opportunities and reduce risk in the supply chain. and retailers to make evidenced claims about how their products are Supply chain mapping is all about documenting the procedures and relationships that make up an organisations business process. Collect information about what is happening at supplier worksites, and research the inherent risks associated with the countries and sectors they operate within. Therefore, the use of blockchain in supply chain management could introduce the benefits of traceability, transparency, accountability, and tradability. Key to Successful Supply Chain . 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