Optimizing logistics operations is a crucial part of improving a company’s value chain. To keep up with changing consumer demand and to stay competitive, businesses are adopting new supply chain technologies that integrate seamlessly into existing logistics ecosystems and IT landscapes. These innovative technologies increase supply chain visibility and enable companies to improve transportation management processes, reduce freight spend and in many cases improve customer service.
Let’s take a closer look at how the latest in supply chain technology is adding value by optimizing logistics operations.
Inbound and outbound logistics, two key components of the value chain, are areas where supply chain technology improves transportation management. Using supply chain software technology in transportation, whether it’s moving raw material or shipping the final product to customers, can increase supply chain visibility and transparency to both you and the customer.
Knowing exactly where your product is at any given time is essential to providing optimal levels of customer service. Visibility and awareness of hiccups and disruptions along the way — alerts of traffic jams, road closures, flight delays or other issues that can disrupt the shipment process gives you the insight and data needed to make informed decisions in real-time. Supply chain technology like Real-Time Visibility Networks are improving the value chain by increasing transparency during transportation.
Manual entries in Excel sheets are quickly becoming a thing of the past thanks to automated data collection across the entire supply chain. Siloed communication and access to data has cost companies profit gains — something made glaringly obvious after a close analysis of value chains.
Companies can leverage automated data entry, collection and processing software to create and collaboratively share insights across the entire chain, ultimately setting themselves apart from competitors with a more streamlined and informed supply chain.
Increased visibility of supply chain data allows each player in the chain to identify and respond to risks and opportunities as they arise in real-time. Without supply chain software to provide these insights, managers operate with blind spots, leaving them vulnerable to unforeseen challenges like shortages and transportation delays. Problems like these are costly and can damage a company’s hard-earned reputation. With real-time, accurate data shared up and down the chain, companies can confidently address these common issues while providing transparency to their customers.
Perhaps the most compelling argument of integrating supply chain technology into your existing systems is the undeniable value of increased end-to-end visibility.
Companies who have achieved end-to-end visibility are more aware and responsive to supply chain disruptions and can agilely address challenges as they happen. Problems procuring raw materials? Each step of the supply chain can adapt and act accordingly.
In this new and unpredictable market of the COVID-19 era, end-to-end supply chain visibility has never been more important. Integrating supply chain technology will improve your value chain by allowing you to act faster and more effectively than ever before.
A higher level of transparency within supply chain operations will create more opportunities for collaboration between stakeholders. With access to real-time data and results, stakeholders such as employees, carriers and suppliers have more opportunity to achieve higher levels of productivity and efficiency. This is becoming even more important as sustainability becomes a strategic element of value to business leaders and consumers.
As buyers seek more transparency, accountability, and responsibility on behalf of corporate supply chains, collaboration between supply chain stakeholders is essential. . By integrating supply chain technology that enables transparency, you can adapt to shifting values of your customers — and your company’s strategic initiatives.
No matter how complex your supply chain, logistics technology integration and cloud-based transportation management solutions will help you build a more flexible, resilient value adding supply chain. When considering the value chain, integrating supply chain technology creates opportunities for increased value from raw material procurement to final shipment of finished goods.
Alpega offers end-to-end TMS solutions that add value to transportation operations and help create a more flexible supply chain. If you’re interested in integrating supply chain technology, please reach out.