Do you have the transparency and flexibility to
react quickly to events and changes in the supply chain? Can you easily make
proactive changes to minimize negative consequences? For many companies,
weaknesses in the supply chain pose a major risk to overall profitability.
The good news is that there are ways to strengthen
your Supply Chain Management CRM, no
matter what specific challenges you may face:
1.
Make sure your data is used
Many companies rely on big data and collect a lot of
information without having the tools they need to understand and use it. Your
data is only as powerful as your ability to analyze and respond to it.
Make sure you have the level of analysis and AI
required to understand things. To make your supply chain more resilient, you
need powerful graphics, up-to-date information, and insights to help you see the
big picture.
How does a change in your supply chain affect your
production, for example, and respond to changing consumer preferences? To
understand this, you need data connected to your ERP and CRM systems and the ability to use this data to predict the
effects of changes anywhere in the system.
2.
Get a detailed view in real-time of the inventory
To fully understand your supply chain, you also need
to have a full overview of what's going on in your warehouses. To make quick
decisions, you need material traceability from start to finish, an overview of
worker and process efficiency, and automated quality controls.
Use IoT technology to anticipate and reduce machine
downtime. This increases your ability to realign resources as your supply chain
evolves. Get the ability to anticipate changes in production so you can deliver
on time even if something unexpected happens.
3.
Watch for the little details
With the right data collection and analysis tools,
you can spot trends that can have a huge impact on your business and are hard
to spot right now. For example, does a particular supplier often miss delivery
dates? Are there recurring bottlenecks that delay delivery to customers? Use
this knowledge to minimize the effects of disturbances and increase benefits.
4.
Plan properly with accurate forecasts
Anticipate demand and manage inventory effectively
to reduce inventory and delays. For your forecasts to be truly accurate, you
need connected data from across your business and the ability to anticipate
changes in the external market. Gather complex data about your customers,
suppliers, employees, production lines, performance, finances and more and
combine them in advanced analysis tools that help you better understand the
future of your business.
Ready
to modernize your supply chain?
Customize your supply chain according to your
business needs rather than tailoring your business to your supply chain. With
connected ERP and CRM, you can
collect and analyze the data you need to make quick decisions and track
changes. Use technology to satisfy your customers, keep your sales high, and
your waste low.
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