An important part of the tender process across most industries is the detail about a company’s supply chain, which is crucial to service delivery.
Given the challenges that arose during the pandemic and the impact of current global events, ensuring you have a reliable supply chain is imperative before bidding on contracts.
Supply chain analysis looks at the risks that impact the nature and quality of the supply chain, which could include personnel, R&D, product sourcing, IP, insurance and other regulatory requirements, production, equipment, logistics, sales and marketing, customer support and the systems to manage these activities.
An in-depth knowledge of your company’s supply chain equips you to adapt to any market conditions by putting in place strategies to mitigate risk, develop internal controls, and contingency plans as backup. It also helps you determine your costs and set your pricing.
In the building construction and maintenance (BCM) sector where materials, labour, and sub-contractors are in high-demand, effective supply chain management is critical to the smooth flow on the jobsite, optimising time and adhering to budgets.
The key elements of the construction supply chain are people-related components: Manufacturers, Suppliers, Contractors, Sub-Contractors, Logistics- Transportation, Architects/Engineers/Surveyors, Project Managers.
And activity-related components: Planning, Sourcing, Inventory Management, Demand Forecasting, Quality Control, Delivery, Installation and Sustainability.
When it comes time to bid, outlining your supply chain and their credentials conveys your capability to deliver.
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