What is Restaurant Supply Chain Management? A Basic Introduction

What is Restaurant Supply Chain
Management? A Basic Introduction
Torqus is a Cloud + SAAS
based
Supply Chain Management,
POS, CRM, Analytics &
Ordering platform company
for F&B industry.

Every organisation demands its growth and
existence in the present emulous world. One of
the best ways to attain this is to propose the
finest quality products of legitimate rate,
which helps to accomplish the customer
requirements. In order to contribute quality
products, a change in the prominence of cost
management has to be made. Many cost
management techniques are available widely
and the most significant form is the supply
chain management (SCM).
Torqus is a Cloud + SAAS based Supply Chain Management, POS, CRM,
Analytics & Ordering platform company for F&B industry.

SCM – Definition
SCM is defined as a chain of
processes/network that expedite the business
activities among the trading partners, starting
with the purchase of raw materials to the
delivery of the refined product of the end
users. Each and every SCM link helps to add
up to the competitive advantage.
Globalisation, sustainability, technology,
suppliers, cost awareness and transportation
are all related to supply chain activities.

SCM – A conspicuous tool for cost
management
SCM is found to be a persuasive technique as it
aids to boost the receptivity with altering
business conditions and improve the
organisation’s competitiveness. It is a process
of harmonising the stream of physical goods
and other related information about the
production line to the end consumer.

Thus, resulting in the early perceive of
demand variations and simultaneity of
business processes amidst the organisations
within the supply chain.

SCM intents at reducing the cost by phasing
out all the detrimental activities without
affecting the final quality. The main objective
of SCM is to raise the competitive assets of the
channel as an aggregate. The method to
achieve this objective is by developing the
customer value higher than the competitor’s
value in order to improve the consumer
satisfaction by either increasing the efficiency
& lower costs or alleviate effectiveness by
implementing added values at a lesser cost.

Importance of Supply Chain Management
SCM helps to bridge the gap between the
specks of production to the speck of
consumption profitably. It mainly aims at
governing the intricate supply and demand
process effectively.

In today’s dynamic world, consistent supplies
to meet the fluctuations in consumer demand
have been characterised as critical aspects of
any business in order to meet the quality
requirements, price and competitors.
Businesses not only require to lower the costs
to stay ahead in the cut-throat competition but
also need to improve built-in competitive
edges to be successful.

Not to mention, only those businesses that
implement competitive policies with respect to
the volatile consumer market were found to be
profitable.

The principle of ‘survival of the fittest’ still
exists valid in the global economy which is
usually characterised by the existence of
altering business environment. Efficient
association for various functions of the
business processes aids to put up the
organisation in a strategic position.

Most prominently, customer focus is crucial to
increase growth and selecting the right supply
chain strategy is important to produce the
most efficient product at the right time and
order with right measurement.

What is Restaurant Supply Chain Management? A Basic Introduction

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What is Restaurant Supply Chain Management? A Basic Introduction