Optimising the value of your B2B Supply Chain

Optimising the value of your B2B Supply Chain




Supply chains can be vast and complicated structures co-ordinating planning, procurement, manufacture, and distribution of a product or service, between businesses and consumers. Managing a supply chain consequently requires continually balancing departmental, business and sector-specific considerations against competing stakeholder interests. Additionally, the dynamic makeup of the global economy, and the evolving nature of international import and export obligations, increase levels of complexity further. Equally as important, are the unique set of dynamic situational factors that surround each and every business. These factors, such as customer base, company size, industry sector and business strategy all mean that no two businesses are the same and accordingly, SCM will vary subtly or enormously from business to business.   
 
Despite this inherent difficulty, there are several SCM best practices that can be applied to every business supply chain to help integrate, plan, implement and manage a supply chain and optimise its value. Perhaps the most fundamental of these best practices is putting in place the correct supply chain technology to suit your business requirements.

Importance of Supply Chain Technology
 
In the early days of its development, SCM was seen in a more linear fashion with clearly defined stages and directions. In recent years however, rapid advances in technology and continued trends of globalisation have resulted in a ‘network perspective’ taken towards SCM. Incorporating the ever-complex global marketing environment, the ‘network perspective’ sees businesses exchange and process electronic business documents from growing numbers of global trading partners in increasingly complex international supply chains. This is due, to increasingly sophisticated and scalable supply chain technology.
 
Offering more than just connecting trading partners, supply chain technology can be configured to incorporate specific business requirements which confers an additional host of key benefits including:
  • Integration of information across your business onto a single, accessible platform
  • Higher visibility and heightened monitoring of inventory, purchases, transportation and trading partner activities
  • Significant cost-savings in relation to streamlining the internal flow of goods and services
  • Real-time access and awareness of information through mobile-ready device technology
  • Improved agility to be more responsive to customer problems and new opportunities  
  • Greater upstream and downstream insights to aid the decision-making process
  • Higher levels of customer loyalty and increased supplier collaboration opportunities     
Supply Chain Technology in action
 
Data Interchange started working with Sertec in 2000 to provide an EDI solution for the exchange of business critical data with one of their key customers, Ford. Click on the button below to find out how Data Interchange supply chain technology helped them.



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