7 Nov 2012

Supply chain important for Canadian entrepreneurs

The many small business owners throughout Canada and the Greater Toronto Area need to consider supply chain as their business grows, taking up their time from considering other business practices.

Canadian entrepreneurs should consider supplementing the high price for office space with Toronto self storage. Business operations can be held in a storage unit at a fraction of the cost.

“Entrepreneurs are usually driven by a passion for their product or service rather than worrying about how well their supply chain is delivering,” Tim McLaren, a supply chain expert and associate professor at Ryerson University, told the Toronto Star. “But small businesses face huge risks if they are not continuously monitoring and managing the relationships with their supply chain providers.”

Whether a small business owner needs to hire someone to do it for them, McLaren says they need to know a perfect order rate, track cash-to-cash cycle time and track supply chain cost versus revenue.

Jiffy offers businesses plenty of options for Toronto storage, whether one needs to store filing cabinets or office supplies. What's more, the company is currently holding a contest for a new iPad 3, which is a device that just about every business person could use to help improve productivity.

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