More than halfway through 2016, this is probably the time when businesses are “locked in” to prepare for business plans for next year. Supply and supply chain management consultancy in South East Asia, provided by CEL Consulting, is quite useful for companies in this sector. Appropriate preparation step.
• Economic growth has not been strong yet
2017 is not the time to end the difficult situation of the macro economy. We can only hope that the economy will prosper in 2018 or beyond. Therefore, the business should not expect to see revenue skyrocketing.
However, the annual growth rate, though small, still helps keep prices and interest rates relatively low. Businesses should plan their purchases in limited quantities at this time.
• Pay attention to environmental regulations and the importance of sustainable development
Environmental concerns, waste reduction, pollution, and dependence on non-renewable resources (fossil fuels) will make demand for products and purchasing processes more predictable. Sustainable increase.
Accordingly, the law has become increasingly stringent on the environment, and consumer psychology and behavior have also changed in favor of environmentally conscious brands. Purchasing specialists and importers in other countries will also tend to work with suppliers whose processes are geared towards environmental protection, purchasing sustainable products.
• Expectations in emerging markets
In the past few decades, Asia and Latin America have become cheap labor supply sources. However, these markets are emerging with the after-tax income and are determined to own the companies they serve rather than work as cheap labor to profit for the Other countries. As China and other countries change their roles in the workforce and the global economy will create some market turmoil, such as in emerging countries will emerge. New suppliers owned and operated by these countries themselves.
• Many buying experts will expect the supply of goods and services on demand
Since the Just-in-time manufacturing (JIT) system was successful at Toyota Motor (Japan) in eliminating waste and inefficiency from the manufacturing process, this approach became Into a demand-driven trend in Vietnam and in many countries around the world.
JIT strategy is understood to produce the right product in the right quantity at the right place and at the right time. In production or service, each stage of the process produces a quantity equal to the quantity that the next stage of production needs, not creating excess inventory.
Most JIT systems also extend to the seller, the seller is required to deliver high quality merchandise, small consignments, and delivery times are relatively accurate.
JIT focuses on continuous improvement in the system such as reducing inventory, reducing installation costs, reducing production time, improving quality, increasing productivity, cutting waste and improving production efficiency.
• Data analysis plays an increasingly important role in purchasing
If any business has not applied Big Data should update now. Big Data is a term used to refer to a very large set of data and is so complex that traditional data processing tools and applications can not handle it.
However, this system contains many villages within them g it is a valuable asset that, if extracted successfully, it will help a lot in business, scientific research, anticipation of emerging diseases, and even real-time traffic conditions.
Big Data it will help businesses streamline processes, improve demand planning, make informed business decisions instead of emotionally as they did before, or even hire handy employees. Better job.
• Cloud data and mobile devices will be widely used
Cloud computing will increasingly be used in a wide range of service offerings. Purchasing software applications that will be deployed on a cloud-based platform will help reduce investment costs, providing an easy solution for everything from data storage to process or application. The process has been standardized.
IT application solutions in cloud computing are actually becoming a better option for protecting sensitive data than most companies manage their own data. .
Another factor driving the development of cloud computing is mobile phones. According to shopping experts, customers, vendors all tend to use mobile phones more. Therefore, cloud data becomes a secure, secure, and seamless access to telephone service.