Connecting Extended Supply Chain is Critical to Staying Competitive
Heightened customer expectations, global political changes, and new technologies are putting tremendous pressure on supply chains to be more agile.
With increased partners and complexity, it is more challenging than ever to maintain control and visibility. However, the new digital supply chain demands are mandatory for sustained growth.
This is the first article in a four-part series where we outline 8 solutions that can be implemented with supply chain orchestration, that have the ability to deliver success in less than 6 months.
What is Supply Chain Orchestration?
Supply chain solutions have changed dramatically in the last 20 years. First-generation solutions were internally focused on optimizing a specific department or function such as manufacturing, or purchasing. Second-generation supply chain solutions were on-premise, integrating multiple functional areas, but still inward-facing, implemented as large, monolithic and expensive projects. In the last 5 years, cloud-based supply chain orchestration solutions have emerged to create multi-enterprise business networks, creating agilitywhile providing visibility and control across supply chain participants. On a single platform, supply chains collaborate across 8 areas:
- Control Tower
- Supply Chain Visibility
- Distributed order management
- Reverse logistics
- Spare Parts Management
- Supplier Collaboration
- Vendor Managed Inventory
Supply chain orchestration solutions extend traditional applications including ERP, WMS, and TMS.
Implementation of supply chain orchestration is modular, so companies can start with a single solution, or deploy multiple solutions. This flexibility ensures rapid payback and agility to adjust to new customer demands. In the next post, we cover how Supply Chain Orchestration will help you serve your customers better.