Store network counselling alludes to warning administrations that help stock and regulatory enhancement. The same goes for advisory services like planning for production, estimating demand, planning for procurement, controlling inventory, and designing a warehouse. The market is highly organized and a small part of the logistics industry. In this industry, entry barriers range from moderate to high. By fiscal 2021, the market was anticipated to be worth approximately US$0.3 billion and is anticipated to expand rapidly in the coming years because industry players are increasingly looking for an umbrella service provider—experts and consultants who can work as advisors and implementers with the necessary expertise—and businesses are considering the supply chain as a strategic moat rather than a cost center.
Focus of the Firms –
India’s consulting firms focus on the following key industries: Manufacturing, healthcare retail, chemicals, consumer goods, fashion and apparel, logistics service providers, and automotive. Because of the industry’s cash crunch, pandemic has had a negative impact on some end-use sectors. On the other hand, pandemic has had a positive impact on sectors (other than healthcare) that have seen a surge in demand. Several firms are there which create a supply chain that is efficient, digitized, scalable, and maximizes the potential for growth in the future by utilizing our extensive operating history and knowledge base. As supply chain consulting, they consult in a way that aims to provide a scalable solution for transforming the supply chain and logistics through efficiency and visibility, resulting in improved performance and lower operating costs. Systems integration, supply chain consulting and optimization, project management and implementation assistance, and support for industry sectors with complex supply chains are all part of consultancy and professional services.
Experience & Areas of Improvement –
Additionally, consulting division has experience developing and implementing optimal solutions for our customers’ equipment and labour utilization, warehouse design, and material flow. In addition, they offer demand forecasting, production, and inventory planning professional services as well as consulting to help the clients maintain optimal inventories while maximizing sales. Finding a supply chain consultant with industry experience will greatly assist with cost-to-serve. When a consultant examines your processes, they will likely recommend changes in some areas. The company’s bottom line will either benefit or suffer as a result of these alterations. Because there are too many moving parts and something will always be overlooked, there is no such thing as a one-size-fits-all approach to supply chain processes. The decisions a good supply chain consultant makes will have the potential to boost profitability. A crucial skill that a good supply chain consultant should have been the ability to identify areas where directly improving profitability or processes that lead to the final product can be achieved.
