5. Speed, Growth and Cost-Reduction
The top three goals most supply chain managers will pursue in the coming years are speed, growth and cost reduction. Speed comes out of necessity, as customers demand progressively shorter wait times. An ERP can speed up delivery times with better production data. By comparing scheduled completion dates, a logistics manager can then schedule pickups. The ERP can also house data on various transportation vendors to aid the selection of the fastest carrier.
As supply chain managers achieve faster speeds, their strategy has shifted toward growth and cost reduction. They aim to add more selling channels and expand e-commerce. At the same time, they’ll reel in costs and make the supplier ecosystem more efficient. An ERP can assist with this, too. By automating critical processes like inventory tracking, it can significantly reduce costs. For example, FDM4’s users have experienced a 60% improvement in efficiency. Also, by storing current cost information for many vendors, your purchasing team can always choose the best price to lower inventory expenses.
Integrate an ERP With Your Supply Chain
A powerful, intuitive ERP can transform your supply chain. By aggregating all the data you need to make smart decisions, an ERP can improve your supply chain’s productivity, effectiveness and organization. When you plan how you use resources, they can travel more efficiently through each link in your demand chain with reduced bottlenecks.
If you want to learn more about implementing an ERP solution for your supply chain, FDM4 can help. We offer robust cloud-based ERP software for both apparel and non-apparel applications. Learn more about the tools and features available through our ERP and find a solution that’s right for you.