With today’s emphasis on lowering operating costs and gaining strategic advantages many companies are looking to improve their profitability and sustainability with more effective and successful supply chains. In order to achieve these goals, supply chain competency must be placed at the heart of the company’s business model. Effective supply chain management can offer customers high quality products and services at smart prices.
One solution that addresses all these issues under one umbrella is the next-gen ERP. ERP is the backbone of most supply chain networks because of the integrated database capabilities and modular transactions. In the coming years, supply chain planning systems integrated with an ERP system will likely become the critical competitive differentiator for the future.
Raising the Bar on Technological Advances in Supply Chain Management
Remarkable advances in technology have been made to facilitate logistical communication both within a firm and among its supply chain partners. Electronic data integrations, bar coding scanning and radio frequency, are substantially improving the communication effectiveness between logistics information systems and the physical environment in which they must operate.
Enhancing Accuracy of Supply Chain Information
The augmented accessibility and capability of these information and communication systems substantially increase the availability and accuracy of supply chain information. The introduction of ERP has dramatically reduced the uncertainty between large firms, and more so among smaller firms, which make up the majority of supply chain participants.
While further enhancements in ERP will continue to reduce uncertainty; it is likely that major opportunities for future performance enhancers will be through supply chain analysis and strategic planning systems.
Streamlined Supply Chain Activities
The foundation of any firm’s supply chain information system is the ERP and execution systems that provide the database and transaction systems to initiate and track supply chain activities. Leading firms continue to place a strong emphasis on ERP system implementation to achieve information consistency, economies of scale, and integration. These characteristics are becoming basic requirements for global commerce. A fully customised ERP system includes an integrated database along with module to support supply chain, financial operations and human resource management.
The supply chain is now moving from a value addition process to a value creation process. The next couple of years, supply chain planning systems integrated with an ERP system will likely become the critical competitive differentiator as firms strive to improve their asset productivity through reduced inventory and physical assets. For companies looking to keep up with the times and migrate to an ERP Software for Logistics, the best news is that can be easily integrated with existing IT systems. Check out Uneecops tailor made ERP solutions that fit perfectly with your business requirements.