Quiz: Is Your Distribution Process Resilient Enough?
COVID-19 outbreak causes disruptions in most businesses. There are increased workplace regulation, travel/distributions restrictions, reduced consumer spending, delayed investments, disrupted supply chains layers, and uncertainty of demands in markets.
However, this is a moment to check whether your supply chain strategy is tough enough. Finish below quiz to find out.
1. How do you cope with the pandemic and its rapid changing customer demands?
a. Rely on past sales data
b. Digitalize with calls, messaging apps, and email newsletters
c. Digitalize using cloud based system to access, collect, and analyze market condition
d. Push employees to work harder with the same pre-Covid strategy
c. Digitalize using cloud based system to access, collect, and analyze market condition
Market condition is important to be known in this complex time because it helps managers to support their decision making. A cloud based system that collects and access data in real-time can facilitate actionable insights that help managers to make faster and more accurate decision making if they come across issues that need to be dealt with immediately. That way, the company can reinforce the capabilities of anticipating risks.
Read: COVID-19: Build Supply Chain Resilience using Cloud Solution
2. When your field team can’t visit your customers physically, what system do you have in place?
a. Centralized whatsapp number
b. Wait until in-person visit is possible
c. Self-service apps (for store owners) connected to principals’ web dashboard
d. Postpone all activities
c. Self-service apps (for store owners) connected to principals’ web dashboard
Self-service apps accommodate clients/shop owners to order products and services through their own mobile application (self-ordering). Data will be sent automatically so that the distributor/principal can follow up in real-time.
Read: Guide: How to Convince Your Colleagues to Purchase Advocate Relationship Management
3. How do you ensure delivery while securing all employees’ safety and maintaining customer satisfaction?
a. Deploy all distribution team as in business as usual
b. Use contactless delivery tracking system
c. Assume tasks are finished when they are already assigned to drivers
d. Call the drivers to check, several times in a day
b. Use contactless delivery tracking system
Put employees’ well-being above all else. With GPS live tracking, OTP code, photo proof and other verification methods, products can be moved between each supply chain layer accurately and within a safe distance.
4. Which of the following distribution data that you have updated automatically?
a. Inventory level
b. Sales to stores
c. Market information as well as competitor’s data
d. Salesman performance
e. All of the above
e. All of the above
If the distributor is still using a manual system to update distribution data, coupled with a pandemic situation, the distribution process will be increasingly hampered. If the distributor is overwhelmed, the worst impact will affect the small grocery stores that reside in the area of the residents’ homes. Whereas those shops are the main choice of consumers because the stores are closer to their homes.
5. When reviewing potential software for your company, which of the following attributes should you avoid in your system?
a. Slow development and implementation to market
b. Subscription based software
c. User interface is easy to adopt by every user from different background
d. Software automatic updates
a. Slow development and implementation to market
During a pandemic where information is changing rapidly, slow implementation to market can cost a lot more. Advotics systems are always ready to be used on the market. As long as the device is connected to the internet, the software is also constantly updated. Our system is subscription based that ensures customers can get the latest features with a faster system.
6. When it comes to cost, what should you NOT do?
a. Keep expenses in check and have backups for budget deficits
b. Look at near-term capital raising, debt refinancing or additional credit support from banks or investors
c. Massive rounds of layoffs and pay-cuts
d. Identify unoptimized resources
c. Massive rounds of layoffs and pay-cuts
By implementing a software, you can find an alternative to cut off operation costs, apart from reducing manpower. For instance, Advotics Vehicle Management System can identify idle resources (forklifts, tracktor, etc) sitting in your warehouse thus achieving a sustainable cost optimization, without reducing your productivity.
7. When considering financial support during a crisis, what criteria should be taken into account?
a. Fast assessment process
b. Sourced from entity who is registered, licensed, & monitored by OJK
c. Attainable collateral requirements
d. All of the above
d. All of the above
Check out Advotics Supply Chain Financing as a joint partnership with 3 leading peer-to-peer lending partners who are registered, licensed, & monitored by OJK. Instead of physical asset collateral, our financing partners can assess the applicants’ credit risk using historical transactions recorded in our platform (T&C applies). We also have a plafond limit from Rp 10 Million to 2 Billion, within 3-14 assessment days. Our supply chain financing increases the purchasing power of your network from financing solutions and subsequently boosts company performance.
Read: Unlock Countless Possibilities in Your Supply Chain with Advotics (& Our Partners!)
So, how many you got right? Explore more with links above or go to our webpage and find out more about our solutions that power you up to survive any future crisis.
