17 - 18 November, 2020
NH Collection Amsterdam Grand Hotel Krasnapolsky
44 (0) 207 368 9465
Supply Chain Management Systems
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These remote diagnostics are run using supply chain is logistics management software; this is a software suite that automates workflow, and provides information that shows exactly where bottlenecks, or other problems occur within a supply chain. Because logistics management software follows each step in the process, it is able to create reports that improve transportation lines, ordering amounts, and keep stock from running out, or running over. Past verifying that a supply chain is kept in balance in terms of materials versus needs, a management system will also root out problems within the organization of the supply chain. By streamlining a supply chain, costs can be reduced and profit for all parties increased.
As mentioned, each supply chain is different, and what works for one company may not be successful for another. Running remote diagnostics via logistics software can give integrity to a supply chain's operations. One of the things that logistics software suite can produce is something called flowcasting. This is a process that links real-time consumer demand to parts of the retail supply chain, giving complete view of the movement of goods from start to finish. This was a cumbersome process until recently, with the advent of more flexible software suites.
By crunching everything from predicted yearly sales, to actual units sold, to where units are being purchased, to the cost of production, logistics management software is finding opportunities to improve in places and ways that had not been predicted. Having a comprehensive view of a supply chain, where it breaks down, and where it excels, is critical to stay afloat in today's highly competitive business world.