Effective supply chain management (SCM) is essential for operational efficiency, customer centricity, compliance, an improved carbon footprint, and ultimately, your overall success. If managed correctly, your supply chain should improve customer service—along with the reputation of your brand—and boost your bottom line. But, as with many other areas of your business, the rules are changing.
New regulations, increased buyer expectations, shorter product lifecycles, sporadic demand fluctuations, new competitors, stipulations for more ethical supplier management, and globalization are testing the limits of traditional supply chain models. The simple truth is that the way things have been done, and the solutions that enabled those methods, are no longer up to the job.
Today, growing small-to-medium businesses (SMBs) need levels of flexibility, integration, innovation, and visibility that are beyond what those older systems were designed to deliver.