Techniques Regal might use to improve supply chain management
There are several techniques that Regal could employ to improve their supply chain management. One of these is by monitoring the performance of all the supply chain partners. If any of one of the suppliers fails, there may be huge negative impacts on revenues for all the involved parties. Another technique is that, Regal could use mobile technology and other tracking methods for example RFID and mobility. They will enable them to have accurate information about all the changes, and also minimise costs. Additionally, Regal could involve all its employees; this would make them see a clearer connection between what they do and how it affects the customers. Another important technique is that Regal should choose a supply chain software tailor made to meet its specific needs.
Response members partnering in the supply chain might expect from Regal
Members partnering together with Regal in the supply chain might have various expectations in regards to response from Regal, such include better and improved communication which would improve trust between them. Also, the partners expect a protection of their assets, information and their interests. The partners also expect a strict compliance of all laws and regulations by Regal.
Why supply chain management is important to Regal
Supply chain management is an essential part of any company. It is especially important to Regal for a number of reasons. These include; firstly, its boost to customer service. Supply chain management ensures better customer service by helping provide the best products to them and at the right time. Also the goods will be availed to customers where they need them. Secondly is that, supply chain management makes it easier to solve problems and manage disasters. When they occur, during times of crisis, Regal would be in a position to better evaluate the arising issues and work a way around it.