History shows businesses that don’t take advantage of the growing prevalence and constancy of trends end up on the path of complacency. The future won’t build itself, and that is the harsh reality.
Today, businesses are observing that the capabilities of cloud computing continue to expand exponentially. A global survey of nearly 1,500 businesses and technology leaders noted that the majority - 85% - said their organizations will be using “cloud tools moderately to extensively over the next three years”. Topping the list of accelerants is supply chain management.
Supply chains faces a range of challenges. Detailed knowledge of supply chain operations is held locally, creating departments - organizational, functional and cultural and these undermine effective collaboration between various components of the supply chain, increasing the probability of problems emerging at a later stage, and limiting options for quick response.
With the help of a cloud-based supply chain system, businesses can save funds and gain a competitive advantage by fostering interconnected business processes; streamlining the complete enterprise instead of individual functions; and driving better ways for collaboration and innovation.
The logistics industry is increasingly exploiting cloud solutions for specific process such as back-office support, network collaboration, and transport and logistics management across the globe. Successful adoption of this change will empower future innovation in the SCM application, from powerful analytics to product lifecycle management.
While many challenges remain, it is clear that this new approach is becoming inevitable. How is your company adapting for the future of business?
Editor-in-chief, Industry Leaders Magazine