Global business enabled by the IT Technology has redefined aspects of bu...



Supply Chain Management is a broad-based function that encompasses all business and operational processes involved in but not limited to Procurement, Manufacturing, and Finished Goods Transportation, warehousing & Distribution and Inventory Management. Businesses today are run on ERP - Enterprise Resource Planning which provides the organizations with tools to manage all the functions including procurement, production, sales, and finance management in seamless and integrated manner.

The exponential growth of Information Technology (IT) with communication technology in Supply Chain Management (SCM) is playing critical role in optimising decisions of the supply chain network flow for achieving organisational competitiveness, improving higher service level, lowering inventory, supply chain costs and reducing electronic risks (e-risks). To achieve integration and effective information sharing across and beyond the organisations, IT in SCM is also required. The organisations are moving towards the virtual supply chain with help of rapid changes in technology and IT applications viz; Electronic Data Exchange (EDI), Radio Frequency Identification (RFID), Bar Code, Electronic Commerce, Decision Support system, Enterprises Resource Planning (ERP) package, etc. Understanding the role and application of IT in managing risks of Supply Chain is vital.

Digital Transformation in the Supply Chain – especially for manufacturers – can enable transparency and insight in the “upstream” (raw materials, sourcing) and “downstream” (distribution, logistics, delivery, service) of your company’s supply chain, all the way to – and through – customer receipt, acceptance, and use, in many cases.

Why is that so important?
1. Increased transparency (and knowledge) reduces the need for excessive inventories, lead times, and the working capital associated with them.

2. Increased collaboration (where, when, and how it makes strategic sense for your business) drives increased value, revenues, and customer satisfaction by allowing supply chain partners to contribute their unique value to customers’ needs.

3. Effective tracking – from order through delivery – frees your customer service and sales people to focus on value-adding insights and services beyond what customers can do for themselves.

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