Supply chain businesses need to be able to change at a moment’s notice, and whilst standard business philosophy is to have a well-thought-out and researched plan, the reality is quite the opposite – as recent years have shown us. The speed at which technology develops and becomes an integral part of society is only increasing, and to be successful and profitable supply chain businesses need to be able to adapt rapidly or risk their bottom line.
When the marketplace changes overnight, doing nothing will result in significant costs, so it is essential that supply chain businesses act now to ensure they are prepared for those changes. This may seem daunting; however, there is one company that specialises in supporting companies with such adaptation.
Dawsongroup’s philosophy encompasses a Smarter Asset Strategy that provides solutions which minimise risk and help businesses take potential future changes in their stride. With its personal consultation process, risks and challenges are identified and understood before the right solution is introduced at the right time.
Part of the strategy is introducing a different way of viewing assets. The scale of Dawsongroup means that it can buy and sell assets at optimal times, instead of being inhibited by reliance on their use. Businesses that own their assets often keep them longer than is ideal and therefore do not get the most value out of them. Dawsongroup manages that part of the process, providing more cost-effective assets with clearly defined value propositions. In business, if you use an asset you shouldn’t own it, and if you own it you shouldn’t use it.
Dawsongroup’s solutions include utilising usership over ownership by integrating contract hire into business operations. This has numerous benefits, such as increased business agility and reduced risk of capital exposure and equipment obsolescence.
Contract hire provides the flexibility supply chain businesses need to adapt to changing requirements. Assets can be upgraded or downgraded as required, and the scale of operations can also be varied as demands change. This mitigates the risk of underutilised equipment and ensures that only equipment that is used is being paid for, reducing costs.
The moment an asset is purchased, it starts depreciating in value, presenting a significant financial risk. Hiring assets allows companies to invest their capital in other areas of the business and removes the financial risk of ownership. In addition to this, Dawsongroup regularly updates its assets, removing the uncertainty of how long it will be useful for along with the burden of disposing of the asset at the end of its life.
In rapidly evolving industries, having access to the latest equipment and technology is crucial. Hiring allows assets to be updated regularly and ensures supply chain businesses are ahead of the curve. It also ensures compliance with the most recent environmental, safety, and other regulations, reducing risk further.
If companies own equipment outright, they are responsible for its maintenance and management. Contract hire removes this responsibility. Dawsongroup manages, services and maintains its assets on behalf of its customers, ensuring they are in good working condition and removing the risk of equipment breakdown and unexpected costs. Downtime is minimised, uptime is maximised, and outgoings are planned for.
Dawsongroup enables supply chain businesses to access the equipment they need quickly and with minimal risk, and provides financial certainty in a way that owning assets never has. Ultimately, Dawsongroup protects and grows supply chain businesses’ bottom line.
Contact Dawsongroup on 01908 218111 or visit dawsongroup.co.uk to find out more about how Dawsongroup’s Smarter Asset Strategy solutions can help your business change with the times.
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