FMCG Supply Chain
FMCG SECTOR'S SUPPLY CHAIN AND THE INTEGRATION OF TECHNOLOGY COULD PROVIDE IMPROVEMENT
The FMCG is the one of the fastest growing sectors in the United Kingdom which involves the food and the grocery. Even though it is the fastest growing sector it is filled with challenges within the supply chain which involves from Purchasing, Warehousing to providing the items to the retailers on time. The FMCG sector because of its high perishes ability and short lived life is always looking for innovative ways to improve the supply chain.
The FMCG Sector is quite a different sector due to its nature and range of it products and the techniques that are used in other industries might not fit with FMCG sector and will not provide the same results as expected. The purchasing aspect of the FMCG sector because of its short lived nature of the product will take into account the rate at which the products are purchased from the supplier by the retailers and supplier buys from the manufacturer. Retailers also should make sure that products are replenished on a timely bases before the next set of products are brought into the self. Here the buying behaviour of the customers also is to taken into account of the item being purchased and it is on the basis of which retailers pass on the information. In the situation the Manufactures or the retailers are not directly exposed to the buying pattern of the customers.
In the FMCG sector most companies gives importance to the Transportations aspect i.e. how fast the product can be delivered to the retailers to have sustained supply chain. FMCG sector is also concerned with how fast the information flows from the customer to the retailer till it reach the manufacturer because this could provide a base to the FMCG sector on the basis of which products can be supplied to the retailers. The Transportation side will look into how the vehicle can be utilized in a proper manner to reach the products on time and the key factors that will be taken such as collaboration, safety measures, competition, and the environmental factors.
In today's competitive world FMCG supply chain are taking into account the use of technology to provide the information at a much faster rate than is expected. In today's purchasing pattern of the buyers the products the customers demand are growing and the retailers are looking for the best supply mechanism for information and products.
The Major issue that Dissertation would cover would include:-
1. About the FMCG sector in United Kingdom
2. Purchasing aspect of FMCG supply chain and should suppliers and manufactures be more exposed to the buying pattern of customers.
3. How vehicle utilization can improve the supply chain and the use of reverse logistics?
4. How the use of technology could integrate the FMCG supply chain?
5. A comparison would be provided with FMCG between U.A.E and United Kingdom
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