Top 7 Supply Chain Challenges
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Supply chain management related operations have moved beyond sole transactional to roles of key business outcomes enabler, product risk mitigation and competitive differentiator for servicing key market segments. Backbone information systems therefore need to support a singular view of broad business information and higher levels of either business or end-to-end supply or product value-chain chain visibility.
Decision-making capabilities need to be grounded in the most up-to-date, real-time business information and enhanced with today’s more advanced business intelligence and data-driven decision-making capabilities.
Today’s SMB focused, Cloud-based ERP systems provide the flexibilities for businesses to adopt needed capabilities as required, including added process support for procurement, product and inventory management, transportation, supply chain planning and risk management.
That implies continuous product demand and supply risk mitigation capabilities must be available to SMB businesses as well as larger businesses, at an affordable systems implementation and operating cost.
This implies a need for increased automation or digitization of control mechanisms spanning the supply chain. Todays Cloud-based ERP systems increasingly provide support for such capabilities.
A Cloud-based ERP system needs the ability to effectively control and manage such priorities across the business.
Integrated business planning that ties together overall business key performance objectives such as revenue and profitability needs with associated shifts in either product demand, available supply, or new customer opportunities, have become new table stakes. Planning processes need to be more forward-looking, anticipating changing product demand or supply needs, while alerting to potential bottlenecks or shortfalls. Sales and operations planning processes now involve continuous assessments of what-if impacts to business performance and need to be supported by systems that can support such needs.
An SMB focused backbone ERP system needs the ability to capture and store such information and make it available as-needed to other applications that span business operational needs.
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