The global economy was hit hard in 2020 during the COVID-19 outbreak and, right now, there’s no true end to the pandemic in sight. With tough months ahead, agility and resilience are the names of the game for supply chain management teams.
In 2021, supply chain management teams are focusing on dealing with erratic customer behavior, disrupted supply chains, and increasing logistics costs. To eliminate the factor of uncertainty, many are rapidly adopting digital processes to make their operations as agile and resilient as possible, so they’re best placed to respond to the changing economic and social landscape.
Supply chain digitalization is expected to free up time for teams to manage customer expectations and solve disruption issues. Besides, technologies like AI and ML are expected to ensure better data accuracy, such that decisions can be made based on facts and not ‘guesswork.’ End-to-end transparency would allow for optimum efficiency and cost savings right along the supply chain, helping businesses to be more competitive during difficult economic times.
Driven by this realization, even small and mid-sized businesses are investing in enterprise resource planning (ERP) software and warehouse management systems (WMS) to manage their overall business, supply chains, and warehouses. There are also a growing number of ERP add-ons that can automate any number of tasks—from inventory optimization to credit card processing and shipping solutions—to minimize mistakes and increase productivity. At the same time, many businesses are also investing in cloud-based technology. These are being used to host business systems and store and transmit data over the internet. Additionally, cloud-based technology has the added benefit of being accessible from almost anywhere which is proving a key to business resiliency as COVID-19 is forcing more and more people to work remotely.
At this juncture, there is a variety of supply chain management (SCM) solution providers are available in the market that caters to the different business use cases. To help organizations choose the SCM solution provider that best fits their requirement, Manufacturing Technology Insights has compiled a list of the top 10 SCM solution providers. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
We present to you Manufacturing Technology Insights’, “Top 10 Supply Chain Management Solution Companies– 2021.”
