With COVID-19 impacting our entire supply chain in Australia, now more than ever are manufacturers and those in the wholesale trade asking – what next.
The team at Wiise worked with industry Business Consultants, IT Managers and CFO’s as well as supply chain experts from KPMG Australia to look at what businesses need to do today and tomorrow when planning for 2021.
With over 25 pages of insights, you’ll:
- Hear from experts from KPMG Australia and other businesses
- Understand where you can cut costs and make savings
- Learn how to adapt your operating model for change
- Find out what similar businesses have been doing to pivot
Here’s a quick snapshot of some of the findings in this playbook. Download the full report for much more.
Invest in tech now to stay in the game
We get it. As a small or medium business, you’re probably looking for ways to cut your spend right now. But the right tech can streamline your processes, increase your productivity, and end up saving you a great deal of money. Not to mention making it through the crisis with a functioning business.
There are multiple cloud-based options out there, and these days, they’re much more in reach of small and medium supply chain businesses. And as remote work is becoming more common, cloud-based tech ensures all your systems and data can be available anywhere, at any time.
Use your data goldmine to plan effectively
Data-driven insights are essential for supply chains. You need good data analytics to understand who your customers are, what their buying behaviours are, and what that demand profile looks like. That way you can get a deep understanding of those changes in demand. You can manage your supply and keep it lean. And you can create a quality business and contingency plan.
Automate time-consuming processes
We’ve all heard the term, but what does it mean? Automation is simply making a process or operation happen automatically. In this case, with the use of technology or electronic process. Order processing, invoices, providing customer updates… these are tedious, time consuming processes that can be automated to free up your staff.
Review your expenses, save where you can
Look at your regular expenses. Reducing your outgoings can help your cash flow immediately. Start with payments — if money coming in is slowing down, you’ll need to find ways to cut costs now. There may be hidden costs, so getting a detailed look at your costs is important.
Use your insights for better business planning
For businesses with manual processes, getting decent reporting and insights can take a long time. And by the time you get the data, it’s outdated. In today’s landscape, something changes every single day. So, your goal is to have a clear insight into your business in real time, so you make sensible contingency plans.
Get better visibility in the cloud
If you’re running your business from software in the cloud, anyone in your business can access their dashboard from anywhere to see what’s happening. They can see where things need to change and where bottlenecks are occurring.
Make your supply chain more responsive to be more successful
Survival of supply chain businesses in today’s strange world is no longer just about improving your performance and efficiency. Download our free Supply Chain playbook to find out how to combine improved resilience, adaptability and visibility to achieve success and stay the course.
Is your supply chain business prepared for 2021? Download the full playbook here or request a call back from a Wiise expert to discuss your business challenges today.