Why Small Medium Enterprise SME need to venture into the Lean &  Supply Chain Management to stay competitive?

The main reason is there is too much waste in Small Medium Enterprise Supply Chain and directly and indirectly hit the bottom line as well as the profit margin.

Few simple reason SME need Lean in Supply Chain :

1) Stay competitive in the industries
2) Reduce waste.
3) Effective financial planning. Invest your money in more productive area.
4) Less worry on your inventory and fully focus on your business driving.
5) Indirectly knowing your marketing and product strength.
6) Strengten your company profile if you need to expand your business and sound customer base.

Do you know why Multinational company like Apple, Nokia, Dell, Procter & Gamble, IBM, Wal-Mart, Toyota, Cisco System and etc can doing so well and they will continue to stay strong in their own business area. Those big giant have the common area as below :

1) Strong Supply Chain Planning
2) Sound financial performance
3) Stong market leader
4) Big gap on market penetration with competitor

Read more »