Top 4 Benefits of an Integrated Supply Chain Management
Did you know that the percentage of companies implementing integrated supply chain management is expected to rise from 60% to 83% by the end of 2018? Reports and surveys suggest that no less than 79% of companies who have implemented high-performing supply chains are seeing a much greater growth in revenue.
Benefits of supply chain
For a better understanding of why it is suddenly gaining popularity among industries, let’s take a look at the top 4 benefits of an integrated supply chain system.
- Clearly, it is one of the most important needs for a company to be flexible and adaptable to a variety of unprecedented situations. The application of an integrated supply chain system gives a company the capacity to perform more easily and flexibly than any other method. The just-in-time characteristic eventually helps in bringing down the warehouse maintenance costs by limiting the space needed. Just-in-time essentially means assembling and manufacturing the products just when the order comes in.
- Management of a co-operative and innovative supply chain system effectively will only assist in producing better results and profit. This happens because product delivery gets way quicker and without much of a failure rate, thus resulting in a significantly higher profit margin.
- Warehouses in industries often struggle with over and under stocking problems. This happens majorly due to human error. By successfully implementing a supply chain management system, you wouldn’t need to bother about such issues and will be able to focus on more important areas of the workplace.
- With a tightly integrated system, the production planners have the capacity to focus on the order fluctuations, thus eliminating mistakes in delivery. It gets way easier and efficient to correctly count the quantity of products to be delivered in the right order, from the right box. This eventually results in a lesser number of poor product handling situations.
Techdinamics Warehouse Integration solutions makes supply chain management implementation easy. With over 15 years of experience — providing services to businesses of various sizes — Techdinamics has the experience and know-how for making small and large projects successful. Get in touch with us, today!