The OPAL Group’s Post

🔐 Control Your US Operations: Tips for Overseas FMCG Manufacturers For overseas FMCG manufacturers, controlling your own US operations instead of relying solely on an importer is necessary for long-term success. Here are some reasons why: 1.) Streamlined Order Fulfillment: Full control of order fulfillment and customer orders is necessary to ensure customer satisfaction. Implement white glove services that provide exceptional customer care and don't leave valuable customer relationships to a temporary partner. 2.) Optimized Supply Chain Management: Cover all aspects from procurement to inventory control. Managing this yourself allows for direct oversight, ensuring that cost-saving measures and efficiency improvements are tailored to your specific needs. Importers, managing multiple brands, may not prioritize your unique operational requirements, and their divided attention can lead to delays and inefficiencies that directly impact your bottom line. 3.) Regulatory Compliance: Importers can face regulatory compliance issues for one client that affect all their clients. Quality control mistakes by an importer can crush their other import businesses, causing widespread disruptions. By handling regulatory compliance directly, you mitigate the risk of such issues impacting your business. By managing these areas directly, you build stronger relationships with US distributors and retailers, gain a deeper understanding of the market, and avoid dependency on an importer’s priorities. This control helps mitigate risks associated with importers' financial troubles and varying focus on multiple brands. Remember, setting up your US entity may seem challenging, but the long-term benefits of market control, financial savings, and direct customer relationships are invaluable. For more tips on navigating the US market, check out our FAQ section on our website. Learn more: https://lnkd.in/eGfMsAyt #OrderFulfillment #SupplyChain #RegulatoryCompliance #USMarket #FMCG #CPG #BusinessGrowth #MarketEntry #CustomerCare #QualityControl #OpalGroup

Follow Tipalti for more helpful articles like this one. The 10 Best Procurement Practices for Businesses 👇 #Procurement #ProcureToPay #P2P

Procurement is an essential component of Supply Chain in every company worldwide. The basic similar steps involved in procurement are listed below; 1- Requirements Identification - Generally it’s initiated from end user’s end. 2- Purchase Requisition Generation - Its also generated by the end user and gets approved by the relevant authorities as per present threshold. 3- Request for Quotation - Its under the umbrella of Procurement Teams- 4- Comparative Statements and Approval - After getting the quotations from registered or new suppliers a comparative statement is being prepared by the relevant spend owner in the procurement team. The same comparative statement is sent for approval by the approving authority as per predefined mechanism and threshold. 5- Purchase Order Creation & Approval - Its created after Comparative Statement is being approved by the relevant approving authority and again its being approved after generation of PO to cross verify the approvals and information being approved in the previous Comparative Statement. 6- Sharing Of Purchase Order - PO once approved is available for sharing to the wining supplier or vendor. 7- Delivery Of a Purchase Order - The items or services listed in the shared approved purchase order are requested by the relevant end user from the winning supplier. In case of any issue with the delivery, procurement intervention is required otherwise end user can share delivery note and invoice with accounts for the final payment to the supplier or vendor. 8- Payment - Once items or services listed in the PO are delivered and verified by the relevant end user, the supplier or the end user can share Delivery Note along with Tax invoice to the Procurement or Accounts team for final payment. This process is called Procure to Pay P-2-P. #procurement #learning #Procurementprocess #Supplychain

I received some great feedback yesterday that I need to be clearer with the services that are offered by Stanborough Consulting. With 30 years of experience we are able to offer support and advice on every aspect of your Logistics/Operations/Supply Chain setup. We can help to resolve a specific challenge, or can review, provide advice on and overhaul your entire operation. No challenge is too small, or too big - we are here to help. A few examples of our areas of expertise are: Shipping: Do you have issues sending specific products? Do you have issues with sending goods to specific countries? Are your shipments getting caught up in customs due to the paperwork you are providing? Are you paying too much for your shipments? Stock Control: Do you have problems with maintaining your stock levels? Are you struggling with outdated stocktaking processes? Do you need advice in implementing cycle count programmes? Are you losing stock and you're struggling to understand why? Systems: Are you not getting what you need from your WMS/ERP? Are you missing vital reports/data that could give you the insights that you need? Are you considering a new system, but don't know where to start? If the answer to any or all of these questions is yes, please reach out to us. We would be more than happy to discuss the challenges at hand and can provide tailored support and advice to your needs.

I received some great feedback from some of you yesterday regarding the services that Stanborough Consulting offers. Thank you - although I'd like to think I'm an expert in the world of Logistics and Operations I need to remember that not everyone knows exactly what it is I do, and I'm still learning the best way to grow my fledgeling business. Please take a look at the post below, but some examples of some of the services I can provide are: Shipping: Do you have issues sending specific products? Do you have issues with sending goods to specific countries? Are your shipments getting caught up in customs due to the paperwork you are providing? Are you paying too much for your shipments? Stock Control: Do you have problems with maintaining your stock levels? Are you struggling with outdated stocktaking processes? Do you need advice in implementing cycle count programmes? Are you losing stock and you're struggling to understand why? Systems: Are you not getting what you need from your WMS/ERP? Are you missing vital reports/data that could give you the insights that you need? Are you considering a new system, but don't know where to start? Can I also please ask you to send me feedback? The new business is very much a learning curve and I will gladly listen to any advice offered to me.

Procurement vs. purchasing: what’s the difference? Procurement and purchasing are related concepts within the broader field of supply chain management, but they refer to distinct activities: Procurement: Procurement is a strategic function that encompasses the entire process of acquiring goods, services, or works needed by an organization. It involves a comprehensive approach that includes planning, sourcing, negotiating, contracting, and managing supplier relationships. Procurement focuses not only on obtaining the required items at the best possible price but also on maximizing value, managing risks, and aligning procurement activities with the organization's strategic goals. It involves evaluating suppliers, selecting the most suitable ones, and establishing long-term relationships to ensure a reliable and efficient supply chain. Procurement extends beyond the transactional aspects of purchasing and encompasses strategic decision-making to optimize the organization's overall supply chain performance. Purchasing: Purchasing is a subset of procurement and refers specifically to the transactional process of buying goods or services from suppliers. It involves activities such as issuing purchase orders, negotiating prices, confirming delivery schedules, and processing invoices. Purchasing focuses primarily on executing the procurement plan and acquiring the required items efficiently and cost-effectively. While procurement involves strategic decision-making and supplier relationship management, purchasing deals with the operational aspects of placing orders and managing supplier transactions. Purchasing typically occurs within the context of the broader procurement framework and is guided by the procurement strategy and policies established by the organization. In summary, procurement is a strategic function that encompasses the entire process of acquiring goods, services, or works, while purchasing refers specifically to the transactional activities involved in buying from suppliers. Procurement focuses on strategic decision-making, supplier management, and value optimization, while purchasing deals with the operational aspects of placing orders and managing transactions. #procurement #procurementprofessionals #auction #auctionsoftware #reverseauction #reverseauctionsoftware #forwardauction #forwardauctionsoftware #software #logistics #rfq #rfi #rfp #savings 

Explore how supply chain #BPO can offer a #costeffective solution for #distribution companies looking to scale and #optimize their operations. Read More >> https://lnkd.in/gmX47U96

What is P2P (Procure to Pay) in Warehousing? P2P (Procure to Pay) is an end-to-end process that manages the entire lifecycle of acquiring goods and services for your warehouse operations. It begins with the requisition phase, where items are requested based on the warehouse's needs. From there, the purchasing department orders the necessary goods or services from suppliers. Once the items arrive, they are received and checked for accuracy. The final step involves making payments to suppliers for the goods received. The P2P process also ensures proper accounting and financial reporting, providing transparency and control over expenses. It's a critical function that keeps warehouse operations smooth, efficient, and cost-effective by ensuring that supplies are available when needed without overspending or delays. Visit hyphenscs.com to learn more about the warehousing industry. #Warehousing101 #P2P #ProcureToPay #SupplyChainManagement #WarehouseEfficiency #Logistics #HyphenSCS #Procurement #Warehousing

Take a crash course on smart purchasing practices. https://lnkd.in/djzUJGQY #purchasingprocess #purchaseprocess #procureprocess #procurement

When the cross-functional team thinks procurement is all about purchasing and transactional only; and they know everything about it !! #procurement #purchasing #sourcing #p2p #s2p #procurementmanager