Whether we are talking about groceries for tonight’s dinner, a present for your nephew’s birthday, or production raw materials for drug manufacturing, the one stop shop concept is a common preference of customers in all industry sectors, even outside the consumer realm. Amazon has made it easy to buy everything from CDs to laundry detergent, pianos, car parts, and almost anything else you can think of in less than five minutes. An increasingly sophisticated workforce has grown accustomed to clean, efficient ordering platforms in their personal lives, and is demanding the same at work. As those in the production space are constantly tasked with driving productivity gains, so choice and convenience becomes ever more key to seamless execution. The value of purchasing all your products from one source goes much deeper than choice and convenience – it helps drive operational efficiencies, increase productivity, manage costs, and more:
Second Sourcing Options: One of your key raw material suppliers has an unexpected increase in their lead times, but you need the material before your next campaign starts – tomorrow. You risk a delay, or even worse…a shut down. If you have an effective partner working to help you manage your raw material supply chain, they can help you mitigate these risks through effective inventory management and strategic sourcing decisions and plans. Having that type of trust and confidence can save you a lot of unnecessary stress.
Change Notification and CAPA Trending: In the production space, tracking and addressing supplier change notifications and CAPAs is a complex but important job. Having a central point to access notices, corrective action plans, etc. can be very helpful in avoiding confusion and lost time when trying to determine time sensitive supplier and product information.
Custom Stocking Agreements: Dedicated stocking agreements enable you to ensure availability of inventory, reduce long lead times, minimize lot testing, and reduce the cost and space of carrying on-site safety stock. Working with a one stop shop distributor will allow you develop these inventory management and local stocking plans will help mitigate risk while reducing the capital and operating expenses associated with managing raw material inventory.
Supply Chain Management: The tactical day-to-day tasks of managing the countless products and suppliers associated with a raw material supply chain can often seem overwhelming. Ensuring timely delivery of all these products while reducing the total cost of ownership are critically important and demanding tasks. Leveraging a trusted partner to assist in managing your supply chain will help you and your staff achieve these tactical objectives while freeing up time and resources to focus on other critical strategic tasks.
Shipment Visibility: Each product shipped to you also requires a great deal of associated information and documentation. Tracking numbers, certificates of analysis, Safety Data Sheets, packing lists, supplier contacts, freight carriers and account numbers, and more. A one stop shop provider can help manage your shipments, ensuring that your material arrives on-time, in good condition, and accompanied by everything you need. Some even offer custom labeling, poly palletization, and other services which can save your team valuable time. Gaining visibility into the end-to-end logistics of your shipments allows you to know about any problems in advance, allowing you the time to take the required corrective or mitigation action steps.