Supply Chain Management in the Cloud- Keeping Complexity at Bay Supply Chain Management is a set of coordinated activities to efficiently and effectively coordinate between the suppliers, manufacturers, warehouses, transporters, retailers, and customers so that the right product or service is provided to the customer at the right time, right place and at the right cost, in order to minimize system-wide costs.
Before the advent of internet, manufacturers would predict the demand from customers and make their own supply chain to run smoothly. But advancement in technology has improved communication standards, now companies can connect their supply chain with the supply chains of their suppliers and customers in one network that helps reduce costs and provides more opportunities for everyone involved. This was the reason for the B2B explosion; the idea that everyone, a company does business with could be connected together into one big happy family.
Increase in revenue depends on the availability of product and sound market coverage. Any bottleneck in the supply chain can result in drop in revenue. Globalization has led to the requirement of a strong global supply chain management solution. There is stress on factors like reduction in the procurement cost and also risks involved in purchasing. Organizations also need to look into are the productivity cycle of overseas employees, correct inventory deployment, shipping costs and time taken, weather conditions and outsourcing plan. In such a scenario there are companies that are reaping the benefits of the Cloud processes in the supply chain and have provided real benefits for retailers including lower costs, greater expertise, instant infrastructure, more flexibility and higher reliability.
Advancement in technology has made it easy for organizations to customize the supply chain as per the organizational need. This connects global sources and markets to provide an integrated solutions, that can optimize and mange supply chain lifecycle from postponement strategies, retail packaging to retail distribution. It enables clients to place greater focus on managing their supply chain process performance and proactively identify bottlenecks in the international networkâ€”before they impact the customer and the bottom line.
New age supply chain solutions using the Cloud processes covers various domains such as order fulfilment, after sales service, procurement and many other areas. Furthermore, it offers a web-enabled in-depth visibility into the supply chain lifecycle to offer greater customer value at a lesser price.
Companies such as manufacturing, retail, distribution, consumer goods, third-party logistics and transportation have benefited greatly by using an effective supply chain management solutions. They have been able to enhance and attain synchronized control and visibility without losing any of the quality
or customer satisfaction, all the while keeping costs down. Also read on - Business travel management, Master data management
Supply Chain Management is a set of coordinated activities to efficiently and effectively coordinate between the suppliers, manufacturers,...