Logistics & Chain Management
Recognizing the growing supply chain complexity, companies became highly interested in supply chain management (SCM). They realized that they need a powerful array of strategies that can help them cost-effectively facilitate all supply chain processes for enhanced visibility and traceability, minimized wastes and costs, streamlined and integrated operations, accelerated “time-to-customer,” and optimized overall performance.
Supply chain network complexity is growing as further technological advancements are underway such as 3D printing, “uberization,” IoT, and Mobility. But with effective supply chain management in place – which consists of strategies and best practices for integrating and coordinating all the functions, activities, transactions, and people in the entire value chain – companies will be able to address and adapt to ever-increasing complexities.
To totally maximize the benefits of SCM, companies should embrace a data-driven approach to SCM using Liaison ALLOY Platform, because data is the basic element in production, information, and financial flow in the supply chain network.