Today's business scenario with its increasing market competition demands enterprises to be globally active and expansive while deploying best of the IT infrastructure. However, for the globally bound business, to withstand the competition requires them to efficiently meet the changing customer demands.
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Developing Efficient Supply Chain Solutions for Global Businesses
1. Developing Efficient Supply Chain Solutions for Global Businesses
Today's business scenario with its increasing market competition demands enterprises to be globally active
and expansive while deploying best of the IT infrastructure. However, for the globally bound business, to
withstand the competition requires them to efficiently meet the changing customer demands. To achieve this,
enterprises need to ensure that they have a strong value network that would enable them to provide the right
goods to the right person at the right time in a cost-effective manner.
Wikipedia defines the supply chain solutions used across industries as “the management of flow of goods
which includes movement and storage of raw materials, work-in-process inventory from point of origin to
point of consumption.” Interconnected with networks, channels and nodes these enable enterprises to
provide their products service to end-users in a supply chain. However, effectiveness of these solutions is
dependent on the way the activities along the supply chain are designed, planned, executed, controlled and
monitored. Further, irrespective of whether an enterprise is a large conglomerate with business operations
across various locations world wide or a small and medium one localized within a country, supply chain is a
vital aspect of every industry.
However, with supply chain management being a cross-functional approach, the network of retailers,
distributor, transporters, storage facilitators and suppliers who participate in the delivery and production
and reverse logistics process of any product are equally responsible for its success. Moreover, these
solutions being aimed for efficient movement of products from one location to another, the way the assets are
deployed need to facilitate enhanced profitability, productivity and efficiency of the overall process.
Nevertheless, while designing supply chain solutions, enterprises need to not only mange the constraints and
margins, but also need to understand that the demand, supply and lead times have their share of uncertainty
and risks.
The supply chain solutions therefore should be ones that can hep enterprises predict the impact of risk
management strategies will impact on their performance and ability to react to market changes. With
efficiency of the supply chain depending on a right balance between demand and forecast, improved
customer service, reduced operating cost and increased profits, the leading service providers have designed
and developed customized supply chain solutions that helps enterprises manage the business requirements.
The advent of cloud computing technology has further enabled enterprises to make use of cloud process for
efficient management of supply chain system. The cloud based order fulfillment process helps faster
consolidation of order and shipment, reduces 30% of logistics costs, along with a drastic reduction in the
number of warehouses. The end-to-end visibility and control provided over the key actions in the supply
chain process provides support in their operational, tactical and strategic level of activities.