Supply Chain Management

 

A supply chain is the collective flow of goods, information and finance. It typically starts by the sourcing of raw materials or semi-finished goods, which are then transported into factories to be made into finished products. These then pass through warehouses, storage or distribution centres before being delivered to retailers, wholesalers or direct to consumers' homes or business premises. The final stages involve the maintenance and repair, or the return and recycling, of products at the end of their life. Supply chain planning thus optimises overall flows and inventories, by balancing resources with demand at all stages.

Logistics costs average 25% or more of the total delivered product value and customer satisfaction is therefore of paramount importance to us. 'Best practice' supply chain management is critical to achieving competitive advantage and cost savings. The management of materials from source, through production to end user has, in many organisations, all too often evolved over time, rather than being specifically designed to meet the challenges of modern day business. As a result, supply chains are frequently characterised by dysfunctional practices, and the utilisation of multiple suppliers, with complex administration, a lack of true management information and an unreasonable dependency on individuals, rather than modern software packages designed for purposeful systems.

Addressing this important challenge, we vigorously continue to develop innovative services and industry leading information technology. This is designed to unlock the competitive potential of our clients and to establish best practice standards in total logistics management. The companies we have the privilege to represent are empowered to concentrate their precious time and resources on developing their own enterprises, without distraction.

WELL recognise that leading industries around the globe such as the international oil and gas community require much more than the rudimentary practices associated with traditional freight forwarding. Each customer's unique requirements are the starting point and basis of our entire commercial culture. We draw on over 60 years of combined oil and gas experience, with our focus as a vital first step, on taking time to establish a precise understanding of each of our customers needs. Only when these are fully understood do we recommend solutions specifically designed to meet them. Our total commitment to uncompromising customer care has been generously recognised in the business community.

Our primary objectives are to reduce total costs, simplify complex processes, and give back the vital commodity of time, whilst providing clear visibility and control of the entire operation. These fundamental principles apply to whatever service we intend to deliver, from single mode solutions through to our supply chain management product. Furthermore, WELL continues to invest in advanced technology and systems that are vital to successful management of the supply chain in the 21st Century.