In the present day’s ever more complex and digitally driven supply chain, where competitive gain can rapidly fade, it is essential to deploy smart integration. Here are a few primary ways to practice integration to reinforce productivity and effectiveness:
1. Integrate Existing Platforms
Better association with vendors through connected systems leads to overall developments in inventory management. For instance, integrating the Transportation Management System (TMS) with a warehouse management system optimizes the flow of products within a factory, tuning operations toward omnichannel success.
Cloud-based TMS is competent in managing existing operations, supporting legacy system data, and assisting shippers to gain insight into inbound and outbound logistics onto a single platform. Cloud-based TMS platform is also scalable, a requirement for efficient integration with the use of cloud.
Consumers generate heaps of data, and the information holds great value for the efficient supply chain management. Consumer data can be exercised for increased forecasting, which is only possible through the integration of supply chain systems. Employing consumer and enterprise data helps spot threats and opportunities in the supply chain, so valuable risk mitigation increases in both physical and financial supply chains. Additional sources of data, such as social media, can be further incorporated with systems to boost customer service levels.
3. Employ Blockchain Technology
Blockchain technology is among the newest innovations in supply chain management, providing the promise of end-to-end IN FOCUS visibility, distributed information, and decentralized data. As a principled resource, blockchain can offer heightened precision in processes, virtually removing the need for invoice auditing programs. Because blockchain is not yet extensively available for application in supply chain systems today, businesses looking to increase end-to-end visibility ought to consider outsourcing freight auditing programs. The instance would need integration with Third-Party Logistics (3PL) provider platforms as well.
See also: Top Blockchain Solution Companies