Priorities have shifted
because of the lean economic times. Supply chain initiatives are common
among enterprises that have to tighten budgets. Improvements in supply
chain operations can frequently be made by improving basic processes.
However, it is rare that a complex supply chain can be effectively and
efficiently operated over the long term without enabling
technologies.
Supply chain technologies are designed to remove inefficiencies
and provide cost reduction.
Selection – the best technology is not always the
most expensive. A key part of the selection process is to understand an
enterprise's requirements and find the best match of those requirements to real
vendor capabilities.
Implementation – acquired technology does not
create value until it is implemented. Frequently, basic process changes and
skills upgrades are required before benefits start to flow. A new technology is
only as good as the process used to implement it.
Investment – in difficult economic times, or in
any time for that matter, it is difficult to justify investments that defer
financial benefits for an extended period. When properly focused, technology
projects, particularly in supply chain operations, can provide near term
benefits and quickly become cash flow positive.
Solutions
If your supply chain could benefit from an effective implementation of the
right technology, investigate these solutions from PERCITE: