That's part of what UPS seems to be interested in with its recent Saturday services. In a statement, the parcel delivery company announced that it would work on this important weekend day, potentially saving their customers time.
Adding a day
Though the changes aren't expected to take root until next year, the program has been in development since 2016. Once it's fully unveiled, the initiative should add operations in 15 metropolitan areas around the country. The key highlight of this program will be Saturday ground deliveries, which stand to have a noticeable impact for businesses and consumer recipients as well.
"The initiative should add operations in 15 metropolitan areas around the country."
"The addition of another ground operations day more efficiently utilizes our existing delivery network and offers customers an even faster ground delivery solution," she said. Later she added that "we are confident that it will help our customers capture market growth."
The move doesn't come without additional cost. USA Today said that adding these Saturday services could drive up operational costs by as much as $200 million. Though this seems like a possible burden, it needs to be seen against the possible disadvantages of not increasing this capacity.
The risk that comes with speed
There's a lot to gain from an ambitious project like this, and it also illustrates the need for strong risk management. One of the things that sets a company apart is how it's able to respond to sudden demands. Before such changes happen, it helps to have insight into procurement and supply data.
Low supply could ultimately lead to difficult setbacks that tarnish a company's brand. Apple, a business often associated with innovating its supply processes, is reportedly set to deliver the next iPhone model at least a month later than originally planned.
According to 9 to 5 Mac, the analyst KGI Ming-Chi Kuo said that the delay could come from supply issues, as well as the manufacturer's desire for new features. The setback could cut the anticipated amount of unit shipments by around 30 million this year, the source said, possibly disappointing customers during this time.
There's also obvious risk associated with trying to meet an unrealistic pace. Low oversight and transparency may lead to mistakes as companies work without the right systems to back them up. It may seem like gathering more data could restrict flexibility, but it can actually allow for more informed moves as the different suppliers contribute.
To get the benefits of management without the dangers of losing time, businesses should seek out those who can help with their supply chain issues.