In today’ digitised world there is no room for error. Every transaction begins and ends with the customer. From a simple door to door purchase to a much complicated e-commerce transactions, brands need to ensure they live up to consumers’ expectation at every touch point and every time. The digitized ecosystem today is several, perhaps hundred notches above the primordial internet 2.0. It’s simply not about creating websites for information, but more about speeding the wheels of the business, brands, communities and economies.
To elaborate a little more, the internet has created an interconnected world. At a macro level, this digitization is responsible for driving economies and at a micro level, it is what drives businesses to profits. Sustainability is integral in today’s world of ever changing customer demands. For businesses to become sustainable profit-centers, they need to focus on driving customer delight, of course through ethical and compliant means. The supply chain network in a business is the driver for growth. Obsolete, disconnected supply chains spell impending danger to businesses and its bottom line.
Fortunately, organizations big, small, old and new have realized the harm that a slow and disconnected supply chain can bring to them. Keeping pace with the changing technological landscape, companies are quickly replacing their old supply chain networks with newer, more agile and automated systems. This change is essential since not only the technologies around us are changing and becoming more intelligent, but also because everyday, a new way of transacting with customers is emerging. With omni-channel interactions becoming more and more predominant, supply chain networks need to be exceptionally advanced and efficient. To achieve this, it is advantageous for organizations to upgrade their supply chain networks by embracing cloud. By moving to cloud based technologies, the supply chain is rendered more transparent. It increases the visibility of operations and accountability of stakeholders. It becomes easier to track inventories throughout the entire product life. With cloud, your business becomes more robust, tech-savvy and customer focussed.
Cloud Driven Supply chain Network
A silo approach to business, where one stakeholder is unaware of what is happening in another department creates unnecessary confusion. It’s time to bring in a more connected supply chain world and adopting cloud does exactly that. In this article, let’s look at some of the unmatched advantages that Cloud offers your supply chain network.
Cost is the prime element that businesses factor in before making a change to any of their system. Thankfully, with cloud, you can reap the benefits of advanced technology at minimal cost. Here’s how. When business is on cloud, you don’t need to invest in hardware or other infrastructure. Your entire operation is in the digitized ecosystem, meaning anywhere and everywhere. This way, it not only gives you immense flexibility to carry out operations from anywhere and at any time but also, you cut down on unnecessary operational expenses by doing away with bulky, disparate systems, installed at different locations.
Moreover, you can enhance efficiency of operations by ensuring that your resources are employed in more productive work rather than deployment of manual tasks. They can focus their efforts on sales, development, R&D, and innovation.
Improves Scalability of Operations
Another prime advantage of moving SCM to cloud is scalability of operations. Demand keeps fluctuating. Businesses simply cannot afford to have a SCM system that breaks down every time there is a peak in demand. Cloud helps businesses manage the crests and troughs of demand. Tweaking systems to suit changing business environment becomeseasier. Every action is automated, thus rendering businesses more flexibility and accuracy.
Make Informed Decision
Supply chain solutions on cloud delivers one of the basic and most important benefits and that is of visibility. If business works in a departmentalized manner, it can pose a problem for internal as well as external stakeholders. With cloud sourcing and procurement solution in place, supply chain managers can get improved visibility into inventory availability. This way there is never an out of stock situation and also, it decreases cost of maintaining too much inventory. Second, it also gives managers a bird’s eye view of all operations, allowing them to take informed decisions.
Cloud solutions in the supply chain network are a game changer in the industry. Leveraging cloud for SCM can give unmatched advantages for your business and drastically reduce cost.