Utility of Advanced Platforms in Supply Chain Management

Image for post
Image for post

Digital transformation has disrupted the traditional business processes with new and innovative digital products. Several industries are leveraging digital tools to transform their services and application. Cloud-based platforms increase the transparency in the supply chain management as it allows enterprises to share inventory, shipping information, and invoices.

Check out: Top Supply Chain Companies

Digital platforms can enable supply chain companies to streamline their operations and increase productivity. Some of the ways in which the implementation of platforms can help to improve business efficiency:

Total Visibility: Modern customers demand to know the history of their product from the provenance until it reaches in their hands. The traditional supply chain processes lack visibility, which can reduce customer satisfaction. The use of platforms will enable companies to receive automatic updates from suppliers, stockists, logistics partners and financial service providers all within a single environment. It also allows companies to manage their inventories efficiently. Read More…

Check Out: Introduction to Supply Chain Management Challenges And Solutions

I am a technology blogger, who loves to read and write on the latest in technology.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store