The COVID-19 pandemic has posed significant challenges for supply chains globally. Over the past few years the impact of sickness, staff shortages, lockdowns and quarantines around the world have continued to slow or even temporarily stop the flow of raw materials and finished goods, disrupting manufacturing as a result. For many businesses it has highlighted previously unseen vulnerabilities, and of course, many organisations have suffered staff shortages and losses due to COVID-19. The challenges arising from the global pandemic have only accelerated and magnified problems that already existed in the supply chain.
It is now more critical than ever to have an accurate, real time understanding of your product supply chain. From forecasting demand and delivery schedules to managing freight commitments and landed costs, a growing number of businesses are recognising the many potential benefits of Enterprise Resource Planning (ERP) when it comes to managing business information, integrating various systems and working processes, and ensuring optimal operational efficiency.
The integration of Supply chain management with ERP allows manufacturing and distribution businesses the ability to gain greater visibility into all operations while increasing speed, efficiency and overall customer satisfaction.
When it comes to Supply Chain Management (SCM), businesses need to interact with numerous suppliers and service providers in order to obtain the raw materials and resources needed to bring finished goods to market.
ERP plays a vital role in creating efficiency by allowing your business to automate processes, identify challenges in real time and reduce waste.
Benefits of utilising MYOB Acumatica to streamline your Supply Chain Management
The feature-rich working environment of MYOB Acumatica combined with the more streamlined and efficient workflow of effective SCM can provide a range of important advantages, including:
Utilise ERP Systems to Ensure Superior Supply Chain Management
Integrated Supply Chain Management is essential for accessing real-time operational information across multiple departments and businesses. Without a clear insight into the activities and processes that make up your supply chain it’s difficult to identify and create procedures that offer a sustainable competitive advantage. ERP systems play a key role in several aspects of the creation and maintenance of a superior Supply Chain Management process, which can include:
Choose the Best ERP and Supply Chain Implementation Strategy
For organizations that have already implemented an ERP system, the collected information and macro-view of the organization’s existing workflow and processes becomes a valuable tool that can be used to construct or automate a more effective and efficient supply chain process.
Businesses that already utilise multiple stand-alone supply chain management systems stand to benefit from the integration and implementation of an ERP system that offers cross-platform access to the inventory, financial and manufacturing information needed to create an efficient and effective SCM process.
ERP Systems enable superior Supply Chain Solutions
The inter-departmental and multi-organizational nature of supply chains makes effective management very difficult for businesses that don’t have the required resources in place. ERP systems are a crucial asset in the creation and implementation of a more efficient supply chain process.
The covid-19 pandemic has highlighted how crucial supply chain management is to everyday business, and an inefficiently managed or outdated supply chain process is a liability that can no longer be overlooked. Implementing a fully functional cloud ERP such as MYOB Acumatica means that you can deliver your products and services to end-line consumers with greater speed, efficiency and overall quality.
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