Don’t let outdated systems block your growth. Boost your supply chain with a future proof system.
We are all too aware that during the current climate all businesses, be it a start-up to global enterprises with established supply-chain solutions are working around the binding issue being tackled in 2019, which is how to best take responsibility for potential negative impacts in operations in the weeks, months and years to come. There are several ways this issue is being tackled, however, one way which has taken precedence is via automation technology which is scalable and agile. Moreover, solutions which offer a cloud-based offering will mean continual automatic updates which translates to it being more economical long-term. However, despite this, leaders are often reluctant to make digital transformation changes to their infrastructure, no matter the benefits, often due to outdated systems not completely delivering the right outcome, but well established.
Reinvent the tools for success
Previous to technological solutions, improvements in supply-chains often meant increasing the number of people employed in these areas, however, with tech solutions such as cloud based offerings with automation and international streamlining capabilities, there are now new ways to view the tools for success. In order to clearly identify the benefits, we can learn below what features should be evident in an infrastructure which can enable better decision making and therefore boost the supply-chain.
Knowing your dependencies
Are you aware of all your supply chain paths? What if you have 3 suppliers and they all rely on the same 3rd party supplier? With older and outdated systems, it is not always transparent or easy to view / map out all of your supply chain paths. Implementing a solution which makes this data and related analytics visible can also be used as an advantage when negotiating new contracts.
Are you aware and able to clearly manage all of the regulatory frameworks of all your customers and suppliers? Not having a clear overview of regulations can be detrimental if there are unplanned changes occurring outside of the control of the business.
Is your current infrastructure scalable and agile in the face of change without constant large reinvestment in IT resources? To avoid negative impacts organisations should be resilient by using solutions which can grow and evolve without heavy reinvestments.
Transitioning to the cloud
The digital transformation era is giving business leaders a great opportunity to better and improve their supply-chains. One provider doing this is Oracle NetSuite which offers solutions to address the above issues in order to create a transparent, compliant and agile solution. In addition to resolving the concerns above, Oracle NetSuite enables organisations to improve the way employees work together by offering a more collaborative solution. With one single platform unifying all data, the supply-chain also becomes faster and more efficient.
New Supply-Chain features for 2019
Oracle NetSuite provides two upgrades per year where all customers receive the latest version of NetSuite. Decisions on how to improve from one version to the next is partly driven by customer feedback. Prior to the latest release customers were requesting a clear overview of their entire supply chains and to be alerted of any potential issues. The Supply Chain Control Tower and Snapshot Simulations have been created to fulfil this request. Customers will also be able to predict which orders will be late in order to identify potential workarounds and identify affected orders.
When it comes to boosting the supply-chain in 2019, Oracle NetSuite is giving business leaders a great opportunity to better outdated solutions in ways which provide a competitive edge now and an infrastructure for tomorrow. If you would like a free demo of the topics outlined in this blog, or if you have any other questions relating to NetSuite, feel free to contact us.
What are your main concerns for your supply-chains? How are you enabling agility in your infrastructure? Comment below!