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Learn to Balance the Supply Chain Challenge of Startup

Learning to balance growth, risk and a long supply chain can be quite a challenge with startups who need to manufacture something. Keep production cycles short but cost-effective is incredibly difficult. Finding suppliers who are willing to work with you is also a challenge.<br>

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Learn to Balance the Supply Chain Challenge of Startup

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  1. Learn to balance the supply chain challenge of startup

  2. Introduction Learning to balance growth, risk and a long supply chain can be quite a challenge with startups who need to manufacture something. Keep production cycles short but cost effective are incredibly difficult. Finding suppliers who are willing to work with you is also a challenge.

  3. Challenges • Lead time for the volume • Overall cost management

  4. Solutions • Work with the manufacture • Reduction of inventory on the receive side • Increased the finished goods inventory • Adjust and be flexible to changes

  5. Lead Time For The Volumes They simply were not able to meet the lead time for the volumes and were losing great growth potential.

  6. Overall Costs Management The challenge that Nota-Nota faced was how to offer greater quantities without incurring greater overall costs within the supply chain.

  7. Work With The Manufacture Working with the manufacture, the team identified a win win by reducing the initial inventory levels but transferring more inventory into finished goods.

  8. Reduction Of Inventory On The Receive Side On the reverse side, the reduction of inventory levels arriving saved storage space and with the finished goods taking up less space than the individual parts, The supplier was able to save on storage overall.

  9. Increased The Finished Goods Inventory The finished goods inventory was increased by 70% to respond to a single high volume demands, But the hope is that by catching one or two of these demands, larger growth will continue which in turn will reduce the short term risk.

  10. Adjust And Be Flexible To Changes It allows for greater flexibility and faster responsiveness to customers demands. A supply chain that can’t meet the customer demand is not very lean – you just need the ability to continually adjust and be flexible to changes.

  11. Thank you Contact us Phone: (34) 683 327 605 E-Mail: reagan@leanscape.io Website: www.leanscape.io/ Leanscape

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