What is Cloud Computing?
Cloud computing involves the delivery of services like networking, storage, servers, and software analytics over the internet. It offers computing solutions within cloud-based frameworks and helps enterprises to have flexible resources and quick innovation.
Cloud computing can either be public or privatized. Cloud-based applications and software have brought in a major change in the way businesses function. It has many benefits like cost-saving, high-speed, enhanced productivity, increased security, and global scalability among others.
Supply Chain Management – Migrating to Cloud
Businesses today have realized the power of cloud computing and the tremendous possibilities it can have. Therefore, more and more businesses & enterprises are moving to cloud-based infrastructure. Similarly, the supply chain has seen rapid migration to cloud-based platforms. Nowadays most parts of supply chain enterprises are integrated with cloud solutions.
The trend in today’s market is cut-throat competitiveness as businesses big & small both are racing to make the best use of the innovative technologies around. A huge influx of cloud-based solutions dominates the market. Additionally, huge investments are also pouring in across the globe for innovation in cloud tech.
Here are 5 reasons why your supply chain should move to the cloud:
Planning
One of the main benefits of cloud computing solutions for supply chain management (SCM) includes planning and inventory management. Inventory management is an important part of SCM and tracking WMS (warehouse management system) and TMS (transportation management system) has to be done meticulously.
Cloud-based IT solutions can come to the rescue here and lessen your inventory management worries. With the help of cloud technology, you can manage and track inventories in the blink of an eye and never lose track.
Agility
Cloud-based supply chain solutions will increase the agility of your business. It offers easy access and sharing of data and streamlined computing. For instance, if you need to do a supplier audit and you need to make a quick decision for which inputs need to be sent from another country.
The agility of cloud computing can come to the rescue as the data will be shared and streamlined in the cloud platform. The cloud-based solution will automatically share the required results with the auditor making collaborations easy and simple. This is a classic example of which shows how quickly data can move with cloud software.
Integration
Cloud computing can be easily integrated into your business operations. As you already know that cloud computing can streamline and share data, it can provide integrating solutions in a cross-organizational set-up too. In addition to this cloud-computing has the potential to be ‘plugged in’ which basically means that data can be sourced from one cloud to the other.
This is one of the most important factors for supply chain professionals as it provides them with a robust cloud-based platform widening their working horizons. Cloud technology also encourages better transparency and reliability among the involved parties who are sharing a cloud.
Competitiveness
The capabilities that cloud technology bring are immense. If you are an SCM enterprise and you are not integrated into the cloud, then you are losing out on a lot more your business can achieve. Also, be sure that your competitors have either integrated into a cloud-based system or are on their way to do so.
Cloud technology enables SMB’s to operate similarly to that of a big company. Therefore, helping enterprises to fight their competitors by improving internal collaborations. Troubleshooting and problem solving are two of the major pain points in SCM and these tasks can be tedious and repetitive. But cloud computing can bring solutions to such issues and enhance productivity.
Quick Problem-Solving
This goes without saying that with all the benefits Cloud computing platforms can bring, all of the above-mentioned factors lead to faster solutions to problems. Cloud-based solutions offer better collaboration, agility, and communication in turn bringing about quicker problem-solving capacities. So, if you are an SCM enterprise you know that the right step would be to move to cloud-based infrastructure for growth and scalability.
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