Unlock Supply Chain Performance with E-Business Solutions
|Benefits of E-Business Solutions||Enabling Technologies for E-Business Solutions||Types of E-Business Solutions|
|Improved Communication||Machine Learning||Order-Management Solutions|
|Enhanced International Coordination||Cognitive Computing||Inventory-Management Solutions|
|Accelerated Workflow||Big Data Analytics||Analytics Solutions|
|Better Customer Service and Quick Turnaround Times||Predictive Analytics||Warehouse-Management Solutions|
|Advanced Tracking and Data Exchange||Blockchain||Sourcing Solutions|
|Efficient Order Fulfillment||Autonomous Robots||Real-Time Order Tracking|
|Access to Deep and Narrow Niches||Cloud Computing||Supplier Relationship Management Solutions|
|Increased Market Visibility and Profitability||Internet of Things(IoT)||Customer Relationship Management Solutions|
|Scalability and Business Continuity||Artificial Intelligence(AI)||E-procurement|
|Optimized Supply Chain Performance||3D Printing||E-fulfillment|
Benefits of Using E-Business Solutions
Types of E-Business Solutions
Supply chain performance is critical in determining a company's competitive advantage and corporates. Supply chain performance has been further accentuated in the post-COVID-19 world, where businesses must develop new and innovative ways to close the cost gaps, optimize supply chain performance and ensure market viability. E-business solutions have emerged as instrumental tools in achieving these goals.
The advantages that are associated with e-business solutions are tremendous. E-business solutions allow faster, more accurate, and real-time communication; international coordination; improved workflow, better customer service, and faster turnaround times. The resolutions further allow for timely tracking, automatic data exchange, and the free flow of information with suppliers, customers, and other stakeholders. In addition, these solutions enable quick and efficient order fulfillment, access to deep and narrow niches, and greater market visibility and profitability.
A variety of technologies enables the use of E-business solutions. These technology solutions include machine learning, cognitive computing, big data analytics, predictive analytics, blockchain, and autonomous robots. These technologies have the potential to drastically alter the rules of the game in supply chain management. For example, logistics companies and suppliers can track shipments with machine learning. At the same time, predictive analytics provide deep insights into shipment-related data. Further, blockchain allows companies to track shipments on an immutable ledger, while autonomous robots can move and manage inventory autonomously.
The different e-business solutions available for supply chain optimization include order-management solutions, inventory-management solutions, analytics solutions, warehouse-management solutions, and sourcing solutions.
Order-management solutions enable customers to place and track orders in real-time while providing visibility on the charges up to the point of delivery. Inventory-management solutions help in accurate and timely inventory management, helping produce and deliver goods. Analytics solutions help use complex data to support better decisions in supply chain management. Warehouse-management solutions provide efficient warehouse management, including picking, packing, and optimizing pathways. Lastly, sourcing solutions allow companies to strategically source from multiple vendors for the best quality and cost.
Conclusion: E-business solutions can unlock the supply chain's performance by improving its coordination and communication. Companies leveraging e-business solutions will be able to remain competitive in the market and gain the required competitive advantage. With the help of complex data and then-enabled technologies, businesses can accurately and quickly analyze shipment-related data, track and trace shipments and efficiently manage the warehouse, leading to streamlined and intelligent supply chains.
Technology unlocks a range of business solutions that can strategically enhance supply chain performance.
Dr. Murray Craig is an academic and researcher who has dedicated his life to the study of human behavior. He has a particular interest in how people interact with their environment, and how that interaction can be used to improve their lives. Dr. Craig has spent many years teaching and conducting research at universities all over the world, and he is widely respected for his work in the field of behavioral science.