Supply chain systems manage the flow of goods, data, and finances related to a product or service. It starts with sourcing raw materials and ends when the product reaches the customer. Sounds simple, right? But supply chain management (SCM) involves much more than just logistics!
Modern SCM systems are much more comprehensive. They involve a network of parties like suppliers, manufacturers, wholesalers, and retailers—all working together to ensure the product gets from point A to point B and everyone is on the same page with data and order information.
SCM spans several activities:
i. Procurement (getting materials)
ii. Product lifecycle management (from creation to delivery)
iii. Supply chain planning (inventory management, production lines)
iv. Logistics (transportation, fleet management)
v. Order management (ensuring smooth order fulfillment)
Today, the customer plays a major role in shaping supply chain priorities. It’s no longer just about meeting deadlines—it's about getting the product to the customer on time and ensuring it’s the right product. This shift in focus is why it’s said, “customer experiences live and die in the supply chain.”
Agility is key in today’s world. Changing consumer habits, global disruptions, and supply chain sourcing issues demand that companies be flexible. Cloud-based supply chain systems are designed for flexibility. In today’s fast-moving world, the cloud is essential because it can adapt quickly to changes in the supply chain, making it easier to integrate new technologies and manage unforeseen challenges.
In conclusion, a successful supply chain isn’t just about efficiency and cost—it’s about delivering a great customer experience while staying flexible in an unpredictable world.
Read More:- https://www.dynamicssquare.com.....au/blog/supply-chai