There has never been a more complex time to be a player in the food industry. The industry is highly regulated. Competition is fierce. Ever-changing customer demands can make or break a firm. How do you manage the challenges of supply chain management in the food industry and remain successful?
The real-time supply chain is supposed to be a boon to the enterprise: it provides greater visibility, you can make better decisions, and your risk management is improved.
However, the real-time supply chain isn’t completely free of problems. The benefits you reap from it diminish greatly if you don’t know how to use it. What’s the solution? ERP systems can help you overcome those challenges so that your firm remains agile and competitive.
The supply chain has existed for centuries, ever since humans began trading with one another. For centuries, they’ve sought to make it more efficient to ensure that goods reach their destination quickly and in the best possible condition.
Technology has made this goal easier to reach than ever. Read on to learn how a real-time supply chain and ERP systems can benefit your organization.
With technology and the right processes, the flow of information and transactions in a supply chain reach further and further upstream and downstream. If they don’t know it already, customers, vendors and suppliers will soon be demanding more because they can see the benefits of working with an organization that can quickly respond to their particular needs. They are demanding a real-time supply chain.
It doesn't matter if you are a process manufacturing organization or a global consumer products enterprise, you need people, workstream, and enabling technologies that support the unique industry-specific requirements in which you operate – without costly and time-consuming customization and development.
But the transition to new workstreams and improved information flows can be a challenge.
Merit Solutions has built teams around each individual industry we serve, combining Subject Matter Experts and technology professionals who have worked in and with our industries for a number of years. These industry teams have proven success working together to help clients mitigate the risks associated with enterprise transformation projects in their market.
Enterprise mobility can have a positive effect on every business process. The supply chain is no exception. This realm has long been dominated by a reliance on paper. However, as other departments make the transition to using more mobile devices, so too can manufacturing, warehouses and transportation. Enterprise mobility can make the supply chain more efficient and cost effective through synchronization.
Todays global ERP solutions offer robust, fully-functional supply chain management capabilities. And they need to. Customers, both consumer and commercial, expect a lot from a business and its ability to supply materials and products. The demand side of the supply chain has become, well, more demanding. Perhaps its the fact that customers have product and company information available at all times via social networks and mobile technology. Or it could be the speed at which consumers receive their items from online retailers, who have made same-day delivery routine. The consumers in these B2C relationships start wondering why they cant have similar response in their B2B transactions at work.
Supply Chains have never been more dynamic than they are today. Their complexity has increased leading to risks associated with geography, compliance – even natural disasters. This occurs on the vendor and the customer side. It follows that as complexity increases, so do costs. When these risks are not appropriately managed companies can lose customers, profits and reputation.
Supply chains have gone global for a number of reasons. They may be seeking cost savings or they have capacity issues. Companies may outsource certain tasks seeking subject matter expertise or to allow themselves the ability to focus on core capabilities. Whatever the motivation there are times when it seems like the sky is falling but there are some best practices for supply chain risk management that can reduce the companys vulnerability.
One core principle of lean is just in time inventory, or JIT. The objective of JIT is to have minimum inventory on hand to keep production running for a short period, and to have replenishment inventory delivered just as the last few pieces are used. Read more