As market demands grow more complex, effective supply chain and inventory management are critical for maintaining a competitive edge. Companies must embrace smarter, tech-driven solutions as global supply chains become increasingly interconnected, with ongoing disruptions, and rising customer expectations.
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During these uncertain times, many companies are assessing the prospect of survival. Supply chain shortages are challenging businesses, particularly in manufacturing and distribution, to meet order deadlines. Backlogged orders and unsatisfied customers can lead to disaster. A robust Enterprise Resource Planning (ERP) system not only helps to improve efficiency and therefore develop business resiliency, but it may give your company a competitive edge. This blog will provide tips on how to weather the turbulence of supply chain shortages.
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An interesting study from the Delphi Group asked 23 global manufacturers questions about the impact of enterprise resource planning (ERP) on supply chain management. Three findings topped the list of results:
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Supply chain visibility is a simple and obvious idea: know where everything is at all times. Even the means of achieving it - using software to track items and movements is pretty basic.
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