DURBAN - Considering the tough economic environment, it has never been more important for small businesses in the logistics sector to keep their supply chains healthy and eliminate costly mistakes.
Zak Sivalingum, FNB regional head, Gauteng East says, similar to cash flow management, good supply chain management can arguably be considered as the lifeblood of small businesses in the logistics sector. It plays a key role in managing the flow of goods and services between various stakeholders including, manufacturers, suppliers, distributors, shippers, retailers, wholesalers and customers.
He highlights key supply chain mistakes that SMEs should aim to avoid:
Reluctance to adopt technology
Technology now plays a significant role, with more SMEs digitising processes and operating within integrated supply chains. For instance, businesses can now improve efficiency, streamline services, shorten business cycles and limit manual processes through e-commerce.