A supply chain consists of a network of individuals, organisations, resources, activities and technology working together in the creation of a product.
What is Supply Chain and what does it mean to SMEs?
SMEs journey along the supply chain and the opportunities large organisations can offer are often not aligned. Supply chain development is often over-simplified and seen as a procurement and distribution process.
For SMEs, supply chain development involves upskilling of internal business processes from human resources through to operational capacities. It is a business development journey that requires planning.
Access free advice and sources of funding to help with your supply chain journey at a time and place convenient to you!
Supply chain development aims to provide SMEs with useful information through case studies, various interactive channels such as podcasts and webinars, broadcast of events and links to industry partners. In addition, there is a range of supporting information to take SMEs through the journey and a host of interactive tools to allow SMEs to engage with other businesses.
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For more information call us FREE on 0844 257 8450 or email info.cumbriagrowthhub.co.uk
We have already established that a supply chain consists of a network of individuals, organisations, resources, activities and technology working together in the creation of a product.
The integration of these complex network of people, activities and technology to ensure the process
The integration of these complex network of people, activities and technology to ensure the process runs smoothly and efficiently is key to timely and cost effective delivery of a product. It is therefore important for large organisations to ensure their suppliers and contractors are able to provide the materials and services when required.
Recognising the importance of the role of SMEs, we aim to provide you with useful information through case studies, various interactive channels such as podcasts and webinars, broadcasts of events and links to industry partners. In addition, there is a range of supporting information and interactive tools to take SMEs through the journey.
SMEs contribute around 33% of the UK's Gross Domestic Product (GDP). As suppliers of materials or services to large organisations, SMEs contribution to the supply chain is pivotal to the success of the supply chain.
Large businesses are acknowledging and publicly recognising the contribution that SMEs play in delivering their business needs.
SMEs often bring with them specialist capabilities, robust and flexible approach to processes and innovative thinking.
Large businesses are increasingly seen to be building good strong relationship with their suppliers to maintain stability and encourage sustainability.
Typical key priorities for large businesses in choosing suppliers
- Ensure quality service
- Build good relationships
- Help key suppliers
- Service Level Agreement
- Performances Review
When choosing suppliers, large organisations need to consider and weigh up a number of different factors depending on its business priorities and strategy.
Key characteristics large organisations often look for in SMEs are:
- Quality and reliability
- Speed and flexibility
- Value for money
- Good communication
- Financial security
Often large organisations turn to a variety of channels to find suppliers. Here we have an online business directory to give your business visibility, a team of business advisers to promote your business and a hosts of interactive tools to allow you to engage with your audience.
To gain a competitive advantage, SMEs need to align their business process with that of the large organisations. This means SMEs may need to formalise their internal business process, obtain the necessary certifications and improve their capabilities and capacities to make themselves fit for the supply chain.
We have an online business directory to help you find other businesses and promote your profile, interactive tools to help you engage with your audience, events diary so you do not miss out on opportunities and a information to help you on your supply chain journey.