Integrating existing platforms with manufacturer, supplier, vendor, warehouse and transportation management systems or implementation of an ERP (Enterprise Resource Planning) system is a smart approach to boost productivity and effectiveness.
Apart from stakeholders, implementation of an ERP system will integrate various disparate systems, furthering an organisation’s ability to manage business information and streamline workflows.
With every point in the supply chain integrated into a single supply chain, all stakeholders will be able to access data at any point to understand the demands on the supply chain and relay information to required junctions at breakneck speeds.
For example, what happens to a company without an ERP system, when a newly onboarded partner asks for the specifics of a current big order, having a short deadline? Transferring data manually and selectively is a task that could take a few days. Here is where implementing an ERP system to get the information and EDI (Electronic Data Interchange) comes to the rescue.
With these technologies, the company will be able to sync the necessary data instantaneously to everyone involved in the supply chain, no matter how recently they became a part of it, and prevent the wastage of time and manpower. Everyone will be able to access the details on each order and resolve and prevent transaction issues in real-time, allowing the product to be delivered on time to the customer’s satisfaction.