The Importance of Reviewing Your Supply Chain

As we settle into 2023, many of our clients are reviewing current operations to future-proof their business and are identifying new growth opportunities.  In this blog, our Business Consultant, Alan Corbett, talks us through the importance of reviewing your supply chain.

“With an ever-changing business environment, it can be easy for businesses to become engrossed with working in the business and not working on the business and its future growth.

“At Pinnacle Growth Group, we have worked with many clients to examine their current supply chain and in doing so, enable the continued growth of their business. While conducting supply chain reviews across a range of sectors, our clients have identified numerous benefits for their businesses such as:

• New suppliers
• Price reductions
• Decreased lead times
• Improved collaboration
• Growth opportunities
• Carbon footprint reduction
• Reduction in logistical costs

“When conducting a supply chain review, it is imperative that a business looks at its current state and future growth plans to ensure alignment with its supply chain, thus enabling it to work with suppliers that can support its growth. For example, a business could reduce its environmental impact by identifying new and existing suppliers who have the appropriate policies and procedures in place. At Pinnacle Growth Group, we can help identify potential suppliers that are right for your business and align with the company’s ethos.

“There are many benefits to conducting a supply chain review. Many businesses are unaware of potential suppliers and may not have the time or resource to do this. We regularly connect clients with the right suppliers through our worldwide network of contacts and wide range of industry knowledge.

“A recent supply chain review enabled our client to make a 47 % cost saving as a direct result of the in-depth research, shortlisting assessments, supplier communications and introductions facilitated by the team at Pinnacle Growth Group.

“There are many questions and considerations when reviewing your supply chain and we are able to help your business along this journey. Our team offers the combined experience and strong industry knowledge required to expedite this vital process.

“If you feel that your business could benefit from a supply chain review, feel free to reach out to the team at Pinnacle Growth Group, to see how we can help guide and streamline the process by emailing: info@pinnaclegrowth.group”