1. Review your current process
It's always good to sit down and review your current process from time to time. Reviewing your current package can help you assess if you need to implement new technology, or possibly look for alternatives to help enhance your supply chain.
2. Perform a simple credit check
A simple credit check via the Creditsafe system can provide you with a great amount of information on a company you are looking to work with. You can instantly get a good reading of whether this is the right choice to help your supply chain.
3. Ensure that you have auto-monitoring switched on
When viewing a company credit report with Creditsafe, you can automatically add a company to your monitoring list. Marianne Rimmer, Credit control manager at Eddie Stobart says "It's such a time saver in the mornings, as the monitoring alerts are already in our inbox by the time we are at our desk".
4. Up-to-date international company data
Dealing with supply chain on an international basis can come with some uncertainty in regards to the lack of knowledge with companies overseas. With the Creditsafe international coverage, you can confidently access company credit reports in more than 160 countries. Marianne adds "The Creditsafe international reports have improved dramatically over the years, we can confidently get a match on the companies we are searching for."
5. Use the relevant tools
Many supply chain firms use various kinds of technology to help them streamline their process. These include artificial intelligence, cloud computing, and Internet-of-Things (IoT). As the world evolves, supply chain companies are implementing new forms of technology to be as efficient as possible.
6. Establish a good relationship with your suppliers
A good relationship with a supplier always goes a long way, especially in the supply chain business. Good relationships can help with longevity with a specific supplier, improve efficiency, and potentially bring lower costs with customer loyalty.
