Future proof your supply chain with agility and data-first approach
Monday morning. Amit, the SAP director at an IT consulting firm, was trying to beat the Monday blues with a hot cup of coffee. As he scrolled through his Emails, his phone buzzed. Andrew, senior manager for digital transformation in a mid-sized electronic manufacturing company was on the other end of the call. Amit had successfully implemented a major project for Andrew’s company and had become Andrew’s sounding board. Unlike other times, Andrew sounded extremely infuriated and anxious over the call.
‘It’s the fifth time in the last two months that there has been a major revenue leak. Intentional or accidental, I don’t care. Manual data punching by field workers is killing us.’
As he cooled down, Andrew explained that there was a huge mismatch when it came to procurement quantities, distribution details, and revenue recognition. Andrew wanted Amit’s help to automate the supply chain processes at his firm. The cost of losses due to manual processes outweighed the cost of automation.
Well, it’s not a secret that Andrew’s anguish is felt by many managers and consultants across the industry. Almost 60% of respondents to a survey conducted by Canam Research in 2022 to pinpoint the key pain areas for the stakeholders in a modern supply chain, indicated that supply chain and logistics are their biggest operational challenges. Many of them desperately want analytics and automation to future-proof their organizations.
What is the industry looking at?
The pandemic has shown that logistic changes can appear quickly and create significant backlogs if not adequately managed. Digitizing the supply chain with a focus on real-time data visibility and analysis is the best way to mitigate these challenges. It exposes the issues as they happen, encouraging the stakeholders involved to immediately tend to them.
When bottlenecks emerge, real-time visibility streamlines the processes in numerous ways. It allows shippers to immediately answer customer and stakeholder inquiries, quickly locate a delayed product and smoothly manage transactions. However, converting manual logistics operations to a digital landscape in a way that diminishes inefficiencies remains a huge challenge.
47% of survey respondents stated that real time tracking of shipments is the biggest supply chain challenge while 57% of respondents indicated that it is difficult to access real time data.
The next Revolution - Agile Data first Supply Chain
An agile data-first supply chain refers to a supply chain management approach that prioritizes data-driven decision making and flexibility over traditional, rigid processes. It helps organizations in optimizing operational efficiency in various ways:
- The agile supply chain focuses on flexibility and receptiveness. It responds quickly to changes in demand, customer preference, and industry. It is made to handle unpredictability in the market.
- An agile supply chain uses up-to-date information to leverage present operations and real-time data to forecast demand, thereby increasing the entity's total productivity.
- It allows companies to capitalize on short profit windows and bring goods to market faster than their competitors.
- Incorporating data into an agile supply chain helps in better prediction of production and inventory changes closer to real-time. This enables the supply chain to react to a wide range of ever-changing circumstances, including the economy, customization, trends, and customer demands.
DSC Xcelerator - for businesses who want to accelerate
We at CyberTech understand the urgency of businesses to leverage real-time data insights to accelerate their digital transformation journey and make their supply chains agile and nimble. Keeping this in mind, our team of SAP experts has tailored DSC Xcelerator for SAP S/4 HANA which simplifies the manufacturing supply chain and provides a 360-degree organizational view. It drives logistics innovation by enabling real-time inventory tracking. It allows businesses to improve their visibility by processing data streams and taking measures to meet their promises to customers. They might procure from alternate sources, adjust inventory levels when lead times lengthen, time their ordering differently, shift inventory among warehouse locations, or serve an emerging customer need by restructuring some processes. When so many other companies are struggling with answering customers’ questions regarding delivery lead times, even the ability to share dependable information can be a competitive distinction.
The supply chain can now transform how processes work thanks to an agile and data-first outlook. DSC Xcelerator can bring tremendous value to your organization by boosting the efficiency and productivity of your supply chain. Our team comprises SAP SMEs who have rich experience in SAP migration services and work as consultants and technical experts DSC Xcelerator is built on industry best practices and state-of-the-art technologies to mitigate modern supply chain challenges.
Schedule a free demo today and take a step closer to an intelligent enterprise.