The “Ber Months” is the busiest time for business owners and consumers in the Philippines. As a business owner, these months are the perfect time to sell more, especially that Filipinos are fans of holiday sales like the upcoming 10.10, 11.11, and 12.12.
Supply chain management becomes a crucial task during these times. It does not only affect your business but also your customers. This article will discuss how you can prepare for holiday sales by crafting effective strategies and logistical plans. High demand for businesses occurs during September, November, October, and December is usually correlated with an increase in customer complaints. A strategic logistical game plan will be critical in avoiding these issues and achieving greater success.
Supply chain management is the process of developing, implementing, and managing activities involved to fulfill customer demand. Supply chains can be divided into two types: internal and external. The internal supply chain includes stages like supplier-manufacturer-distributor, while the external supply chain refers to factors like port delays, natural disasters, and the likes.
During ber months in the Philippines, it is expected for businesses to experience a significant increase in demand for products and services not only because of the Christmas season but also due to other festivities like New Year. Businesses, especially those who are in retail should be prepared by having suppliers ready with enough inventory that can keep up with business demand.
How Can You Plan Effectively for Ber Months Sale?
Network Design: Coordinate with your suppliers and distributors to ensure that products will be delivered faster than usual. This way, there is no downtime on business operations during holiday sales thereby, maximizing revenue.
Cross-Functional Collaboration: If you have multiple teams in the business, it is a great strategy to engage them in the process. Working closely with your team will encourage them to maximize their full potentials, which can translate into more sales and better customer satisfaction resulting in a positive impact on revenues overall.
Visibility: Keep track of inventory levels through proper supply chain visibility. Have a reliable system in place that would allow you to check real-time data about inventories at any given point. This can help businesses to make continuous adjustments accordingly, such as reordering or even stopping orders.
Technology: Having the technology to track and monitor inventories, sales performance by product line and location breakdowns of items sold can increase the productivity and efficiency of your whole supply chain system. Make sure to maximize the effects of having a technology by using its strengths to your advantage.
Sales Forecasting: Using mathematical calculations or statistical analysis to predict future demand for a product or service based on past performance. Supply forecasting is important because it provides businesses with accurate data that can lead to better decisions. It helps them achieve their desired results, such as increasing profits or achieving targeted sales during these busy months.
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