Do you know the type of guy who just graduated and believed that with no experience only university knowledge he could start a business and become rich? Well that’s me, my name is Yousif. When I graduated back in 2008, I though of starting my own business I searched for an industry to start from and after a while I decided to start my own travel agency, tourism was growing back then I offered in-country services (like a tour to the historical places in Bahrain) and I provided the regular flight & hotel booking services. 2010 was not a pleasant year; the dollar crisis had its major effect on the agency’s sales. After 2012 the consumer behavior shifted gradually, people used online booking and made their reservations. My loss was from the customers that stopped dealing with the agency. I tried to do something, one day an idea just came to my mind, as if it was a gift from the sky which sounded like an orchestra playing as a background, at last I found it “Supply- Chain Management.” People are booking online for two reasons:
1- It’s more flexible.
2- It’s cheaper.
3- It’s faster and not time consuming.
I want to meet with all my suppliers to make a new agreement, now that I have made a newer agreement with my suppliers I managed to offer cheaper prices and sometimes even cheaper than the online bookings. Furthermore, after learning how important supply management is I can now work with my suppliers on offering online payment through PayPal, offer (seasonal) packages – hotel + flight. Now I could survive the market, meet demand, offer high performance services, and generate profit.
Do you think my business will survive without proper supply chain management?
What are some of the advantages from using Supply Chain Management – besides what I presented above?