The complexity of supply chain management demands a streamlined technology solution
One of the most comprehensive and revealing descriptions of supply chain management comes from The Handbook of Technology Management. In a sentence, it concisely captures the complexity of business logistics as “having the right item in the right quantity at the right time at the right place for the right price in the right condition to the right customer.”
Supply chain management involves the coordination of dozens of diverse organizations, departments, and people. It demands the rapid capture and careful analysis of an overwhelming amount of data. It requires the precise planning and management of myriad resources, operations, processes, and activities.
The Rube Goldberg nature of logistics management is exactly what makes the supply chain industry an ideal candidate for digital adoption. Digitization has the potential to streamline and optimize intricate operations. Yet the industry is lagging behind others when it comes to technology integration, according to surveys conducted by The Hackett Group and McKinsey & Company.
Businesses that prioritize digitization of supply chain management are industry leaders
It may be that the complexity of supply chains is what makes some businesses hesitant to fully digitize logistics. While digitization might ultimately lead to more efficient processes, the act of implementing a technological solution can seem prohibitively complicated. In other cases, businesses prioritize marketing and distribution or products and services when developing their technology strategies, leaving supply chains to hobble along using analog processes or antiquated legacy systems.
Whatever the cause of the lag, statistics show bold digital investment across business areas yields higher ROI and revenue than siloed investments, and investing in technology solutions built specifically for supply chains can drastically improve efficiency and effectiveness.
How technology is transforming the supply chain industry for the better
Anywhere access paired with omnichannel coordination
Because the supply chain is comprised of diverse channel partners, operations are optimized when these diverse partners are empowered to easily access, share, and update data. Technology solutions equip partners with the ability to access real-time information from anywhere, to collaborate across channels, and to streamline workflows and information sharing.
Real-time information paired with analytics-based insights
The supply chain never rests. If you’re successful, purchases are constantly being made. Data is perpetually being added. Without appropriate technologies, it’s impossible for channel partners to manage so much data or to derive useful analytics. With digitization, data can be accessed in real-time. It can be captured, sliced, and diced quickly based on custom requirements, providing users with immediate, accurate, and actionable insights.
Labor-saving automation paired with time-saving workflow tools
More accurate data provides users with insights about both audiences and processes, and this data can be used immediately to optimize operations through automation based on business rules and workflow tools to streamline processes.
Gain the leading edge in the supply chain industry
At Antares, our expertise spans a range of operating environments and business sectors, providing the knowledge and support to build the most appropriate information technology solutions for you. We have a proven track record of developing custom software solutions for corporate, industrial, small business and government clients. The breadth and depth of our experiences in digital solutions makes us an ideal partner for supply chain business seeking to gain the leading edge in their industry.
Contact us today to learn how we can help you become an industry leader.