Supply chain management: Definition, components, and technologies
This article covers supply chain management definition, components, and strategies, including tips for choosing the right technology.
Enterprise resource planning (ERP) software allows you to manage your resources effectively. Processes run through a single central system for a complete overview of your planning, inventory management, sales, finance and people management.
Manufacturing resource planning (MRP) software allows you to specifically streamline your manufacturing processes. These manufacturing systems identify inefficiencies in a supply chain and provide data that can be analyzed to implement better solutions. Together these offer an all-in-one solution for your organization.
It’s now more important than ever for manufacturing businesses to focus on controlling costs, increasing profitability, and guaranteeing product quality.
Cloud ERP manufacturing software empowers you to manage your business operations, achieve consistent quality, and capture new sales opportunities.
Tim Louie, manager
Tsue Chong Company
Many manufacturers are facing challenges like compliance, lack of oversight, and increasingly complex supply chains. The good news is that with Sage Business Cloud, you can:
Product recalls and withdrawals are becoming more and more frequent, and manufacturers are facing major disruption, damage to reputation, and overall financial liability. Ensure compliance throughout the manufacturing process with an intelligent ERP system.
Which product is the most profitable? How much cash is tied up in inventory surplus that could be invested elsewhere in your business? Without the answers to these questions, many organizations end up making poor strategic decisions and costly mistakes. Gaining detailed insight into your manufacturing business is essential.
Managing supply chains is a constant challenge for manufacturers. In addition to staying on top of key factors, (i.e., costs, demand forecasting, and inventory surplus), supply chain partnerships are continually changing. Without a fast, accurate ERP system to track manufacturing progress, you may be unable to avoid production downtime or plan an alternate manufacturing schedule without damaging your business.
This article covers supply chain management definition, components, and strategies, including tips for choosing the right technology.
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