Technology is constantly changing, and how organizations do business is changing with it, especially when it comes to supply chain management (SCM). Computers have gotten smaller, the Internet has gone global, and employees are able to work remotely. The biggest change, however, comes in the form of mobile technology. Mobile phones as we know them have only been in existence since the mid-1990s. However, in today’s world, mobile phones and their applications give organizations the ability to run their business on the fly.
Thanks to the continuous improvement of mobile technology, supply chain management can now be done on a smart phone. It is one of the most important aspects of the global economy, regardless of what service or industry sector your organization serves. If you haven’t streamlined and upgraded your SCM operation to increase efficiency, it’s time to consider doing so.
Why is supply chain management software essential for your business?
As technology changes, so is the software you use for supply chain management. Mobile applications, artificial intelligence and the Internet-of-Things (IoT) have made it imperative that software keeps up. This has helped the industry automate logistics, inventory management, customer relationship management and more. With the proper SCM software, especially software that integrates with mobile apps, you can automate even more functions.
What can you do with SCM software?
There are a lot of things you can do with supply chain management software. And, if it’s integrated with mobile, you could have real-time visibility no matter where you are. Here are a few things this software can do for your organization.
End-to-End Inventory Management
As the backbone of any supply chain industry, your inventory is the most important asset your organization has. You need to be able to track all of it, from procurement of the raw material all the way to distribution of the finished products. Scanning functions, such as barcode scanning or QR scanning, help feed information into the system. SCM software will keep track of every aspect of your inventory, notifying you of fluctuations in the inventory levels before they become a problem. In addition, it will help you analyze your inventory so that low-performing items can be replaced with high-performing stock.
Manage human resources efficiently
If you are using an SCM software that integrates with your ERP software, it will be very easy to manage your human resources more efficiently. You will be able to view employee timecards, assign responsibilities, conduct performance reviews and more. Videoconferencing makes attending meetings easier. Plus, you can communicate with your suppliers, transporters, customers and more with this software.
Simplify your logistics
Automating and enhancing your logistics management with your SCM software helps you link all of the components together. You will be able to track the real-time location and movement of your assets, from the time it leaves the warehouse to the time it is delivered. A good SCM software will also assign the docks for loading and unloading the inventory as well as automatically updating the inventory levels.
By having as much data at your fingertips as possible, you will be able to make better descisions about your business. Your SCM software will allow you to get the data quickly and in various forms, such as graphs, charts, infographics and more. It will also allow you to access management reports and KPI statistics.
Are you convinced yet?
Eliminating discrepancies and keeping your finger on the pulse of your business is crucial to success. Supply chain management software gives you better control over your operations and helps you make better decisions.