Supply chain dynamics change by the hour, requiring teams to redesign and revise strategies. When operating with outdated data, businesses suffer the costs of hours of additional work and substantial financial losses.
Access to real-time information is key to mitigating these challenges and saving millions. An integrated solution to SCM can provide you with efficient sourcing and expedited data exchanges, propelling your business forward while ensuring you maintain compliance with sustainability standards.
According to Tive's βState of Visibility 2024β survey:
Nearly 80% of supply chain professionals recognize the importance of real-time visibility in 2024.
68% of supply chain professionals report being very involved in their companyβs supply chain operations and shipment visibility.
41% of supply chain professionals consider shipment visibility a high priority, underlining its critical role in enhancing digital strategies.
How can you create a cohesive supply chain management environment that delivers high-quality, sustainable products faster while driving agility and reducing cycle times?
Implement an integrated SCM solution that enables easy sharing of design specifications, provides real-time visibility and offers insights into the supply chain operations.
Leverage an integrated SCM software solution to enable a straightforward, responsive and secure supplier management system. Coordinate processes and encourage early supplier involvement throughout all stages of the product lifecycle.
Effectively manage supplier information in a central location and provide full visibility to all stakeholders using vendor management capabilities. Streamline the processes of onboarding and updating supplier details.
Manage time-bound contracts and provide suppliers with access to the data they need while ensuring data from other suppliers remains confidential. Make the right design decisions collaboratively.
Collaborate with authorized suppliers across the globe while maintaining visibility and traceability of supplier information and actions.
Proactively manage risks and minimize disruptions to ensure continuity in the face of supply - supplier disruptions, geopolitical events and market fluctuations.
Utilize an integrated SCM solution and the most comprehensive digital thread approach to achieve seamless collaboration with external suppliers and partners. Share design specifications, provide real-time visibility and offer insights into supply chain operations.
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SCM involves planning, coordinating and optimizing the flow of goods, services, information and finances from origin to consumption. It integrates key processes like procurement, production, inventory, logistics and distribution to enhance efficiency, reduce costs and meet customer demands. SCM relies on collaboration, technology and continuous improvement to ensure smooth operations and provide a competitive advantage.
With SCM software, manufacturers can streamline operations, reduce costs and enhance their competitiveness. By enabling a cohesive supply chain management environment, the software optimizes processes, improves visibility and fosters collaboration across the supply chain network.
SCM software facilitates sustainable manufacturing by:
Yes, SCM software can reduce cycle times by optimizing processes such as planning, inventory management, real-time data analysis, automation, collaboration and predictive analytics. By improving efficiency and visibility throughout the supply chain, SCM software enables faster decision making, minimizes idle time and delays and enhances overall supply chain performance.
On-demand webinar | Mercury Marine drives profitability with product lifecycle management process optimization
On-demand webinar | Accelerate quotation costing for cost-effective and carbon-abated products
Podcast | Building a resilient supply chain
Podcast | Sustainability and a Digitalization Strategy
Podcast | Using intelligence to build a resilient supply chain
Ebook | How-to guide: Better design engineering collaboration
White paper | IT solutions for environmentally friendly logistics
Case study | Mercury Marine improves sourcing and data exchange with Teamcenter