Though the underlying factors behind global supply chain and local supply chain are just the same such as reducing procurements costs, decreasing the risks associated with purchasing activities, accelerating speed to customers and so on, what makes global supply chain management complex is the fact that there is a lot at stake, most prominently the enterprise’s global interests.
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Reduce Inventory Costs with Efficient Global Supply Chain Solutions
1. Improve Flexibility and Reduce Inventory Costs with Efficient Global Supply Chain Solutions
Global supply chain is “a network created among different worldwide companies producing, handling, and distributing
specific goods and/or products.” Since it involves many countries, global supply chain management is increasingly risky
and complex. Though the underlying factors behind global supply chain and local supply chain are just the same such as
reducing procurements costs, decreasing the risks associated with purchasing activities, accelerating speed to customers
and so on, what makes global supply chain management complex is the fact that there is a lot at stake, most
prominently the enterprise’s global interests.
Enterprises looking to expand into new markets face several issues when running global supply chains. Some of these
issues are costs of conducting businesses overseas, productivity of overseas employees, extended shipping times, and
comparing vendor bids for supplier selection. This makes global supply chain management extremely risky and complex.
Hence, enterprises must collaborate with solution providers who can provide cutting-edge supply chain solutions
designed to improve flexibility, cut down cost and reduce risk.
The best of the breed solution providers use enterprise Resource Planning systems combined with carefully selected
software solutions to deliver information via the client’s desktop in real time. The system comes enhanced with modules
to support business intelligence, standardized messaging, CRM, logistics management, commerce, financial
management, and client reporting. They leverage the most recent developments in technology to ensure that all
solution centers use a single integrated operating system running a “single global instance”. By integrating all the global
network assets into a single instance, they ensure consistency in global supply chains and simplify service management
with improved precision. Their 24x7 online, real-time reporting provides customers with a wealth of information about
order and backorder status, inventory levels, real-time demand visibility, quality and delivery status. Their “plug and
play” tools ensure optimum visibility whether next-door or on the other side of the world. Besides, all of this is serviced
by a secured state of the art hosting platform, fully managed around the clock. Redundant systems and full spectrum
disaster recovery tools ensure maximum uptime and data integrity protection.
Here is a look at some of the supply chain solutions provided by a best of the breed solution provider:
Last Mile Manufacturing Solutions
It allows manufacturers to postpone the installation and integration of critical, IP-sensitive or volume-sensitive
components until late in the supply chain thus improving flexibility and adaptability to demand, reducing IP risk
to overseas theft, reducing inventory and operations costs, and improving speed to market.
Demo Loaner Solutions
It enhances a company’s sales strategy by allowing a “try before you buy” option.
Returns Management Solutions
It allows a company to maximize the value of returned product quickly, by refurbishing it and getting it back into
inventory “like new” often within 24 hours.
For best of the breed solutions, enterprises must ensure that they collaborate with solution providers who specialize in
technology products and have the infrastructure and capability to provide solutions in a very wide range of industries.
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