Today’s business landscapes have changed, and supply chains are a big reason why. From drop shipping to digital twins, there are many ways that cloud-based supply chain management (SCM) applications have cut costs and improved efficiency for businesses of all sizes. Supply chain leaders are seeing the value of having a comprehensive view of data across their supply chain and the benefits of being able to respond to problems in real time.
Small-to-medium businesses (SMBs) that adopt cloud solutions gain agility and visibility beyond what traditional supply chain systems can deliver. Our SCM team has put together an easy-to-understand white paper that identifies six top reasons why companies benefit from a move to the cloud. Read all about them here and download the white paper for more information.
In today’s modern social media society, a reputation can be ruined with one small mishap. The way a supply chain system is designed has a big impact on how it will perform in the marketplace. With cloud-based solutions, SMBs can achieve end-to-end visibility across their entire supply chain, which helps drive innovation and bring products to market faster. Oracle Innovation Management Cloud allows business leaders to vet ideas and run analytics to see which products have the most potential in the marketplace before and during their creation.
Order management and timely fulfillment are essential for customer satisfaction. With e-commerce businesses like Amazon introducing two-day, one-day, and same-day shipping, customers have higher service expectations and SMBs are facing the challenge of remaining competitive and maintaining customer satisfaction. With cloud solutions, businesses (and customers) are able to track their order through its entire journey. Real-time visibility also allows SMBs the flexibility to react to errors or delays and deliver personalized service on a global scale.
Another important aspect of business is balancing supply and demand. Cloud-based planning systems connect what was once (potentially) inaccurate manual processes and disparate systems into one unified solution. Seamless integration across the supply chain allow businesses to pull important KPI’s to “plan at the speed of demand”. Now, SMBs are able to take highly predictive insights and adapt to changes such as late orders and material shortages. Supply Chain Planning Cloud also give suggestions on how to prioritize issues to have as small of an impact as possible.
According to The Deloitte Global CPO Survey 2017, “79% of CPOs cite reducing costs as their number one priority”. Procurement in the cloud gives complete visibility to every process, from spend compliance to contract enforcements with outside vendors and supplier performance. A cloud-based procurement solution helps SMBs streamline their source-to-settle process to achieve higher profits and control costs.
Manufacturing goes hand in hand with planning, but many SMBs are unable to connect these processes. Without integration, businesses are unable to have complete and accurate data on supply and demand, nor can they understand the true cost of their operations. Connecting a cloud manufacturing system with a cloud planning system allows for full visibility into all areas of production. With the integration of Internet of Things and Artificial Intelligence, manufacturing is being revolutionized in the cloud.
Delivery used to be a simple process before globalization. Now, SMBs are forced to offer quick distribution while being carrier-friendly and cost-efficient. These complex processes are solved with cloud-based logistics management. Managers are able to see where their goods are at any step in the transit process. Oracle provides complete visibility into how transportation impacts cost-to-serve and profitable-to-serve metrics. Businesses can now address the dynamic demands of a modern supply chain while improving efficiency, reducing costs and ensuring compliance.
Business leaders are transforming their legacy on-premises SCM systems to the cloud. The cloud allows for full visibility of all supply chain functions while connecting siloed systems and processes into one complete solution. With emerging technology, SMBs can use predictive analytics to maximize their supply to meet demand as well as become a real competitor in their industry. The cloud is bringing efficiency and cost reductions to businesses while allowing them to improve insights and visibility.
By Evelyn Tao, Product Marketing Manager, Supply Chain, Oracle