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5 Tips for a Streamlined Supply Chain

Supply-chain networks are the lifeblood of any electronics company: No components, no electronics products. So it makes sense for the relationships among all those involved to be efficient, streamlined, and collaborative.

Long ago, there were factory-centric product companies with vertically integrated supply chains; design, manufacturing, and distribution were supervised and managed by a single organization. Today, an increasing number of businesses are turning to third-party suppliers, manufacturers, and distributors around the globe to get their products to market faster and cost effectively. To establish and maintain a dynamic, reliable relationship with suppliers, agile and intelligent solutions are necessary.

Some of those solutions are high-tech cloud-based systems that leverage the connectivity, community, and insights of the network. Others are common-sensical approaches that are too often overlooked. Click the image below for a slideshow of five tips on how to get your supply chain to provide high quality for the lowest cost and to collaborate more effectively.

Tip No. 1: Use the Cloud

Today's OEM relies on an interdependent network of partners, each of which has a specific role to play in planning, sourcing, making, and delivering products to market. For this model to work properly, all the partners need the ability to see, share, and act on the best possible information -- within the execution window, when outcomes can still be influenced. Mark Woodward, president and CEO of E2Open, told us one of the best-kept dirty little secrets of supply chain management: Though technologies have struggled to keep pace with the new manufacturing model, the products world has remained tenuously stitched together with spreadsheets and manual workarounds. 'Lessons learned from cloud-based CRM and procurement programs, plus significant advances in communication standards and cloud security, have laid a solid foundation for the next generation of SCM,' he said. 'Cloud computing has the potential to create a wave of game-changing technology innovations for the supply chain, including the functionalities needed to generate and share a single source of truth; to bridge multiple tiers of information siloes and process gaps; and to monitor, recognize, and resolve disruptive events in the trading network.'

Today's OEM relies on an interdependent network of partners, each of which has a specific role to play in planning, sourcing, making, and delivering products to market. For this model to work properly, all the partners need the ability to see, share, and act on the best possible information — within the execution window, when outcomes can still be influenced. Mark Woodward, president and CEO of E2Open, told us one of the best-kept dirty little secrets of supply chain management: Though technologies have struggled to keep pace with the new manufacturing model, the products world has remained tenuously stitched together with spreadsheets and manual workarounds. “Lessons learned from cloud-based CRM and procurement programs, plus significant advances in communication standards and cloud security, have laid a solid foundation for the next generation of SCM,” he said. “Cloud computing has the potential to create a wave of game-changing technology innovations for the supply chain, including the functionalities needed to generate and share a single source of truth; to bridge multiple tiers of information siloes and process gaps; and to monitor, recognize, and resolve disruptive events in the trading network.”

10 comments on “5 Tips for a Streamlined Supply Chain

  1. Daniel
    October 29, 2014

    Jeniffer, I think cloud can be used as a storage place for material movement documents and can be accessed from anywhere irrespective of place and devices.  I mean useful only for the documentation side.

  2. Houngbo_Hospice
    October 30, 2014

    @Jacob,

    “cloud can be used as a storage place for material movement documents and can be accessed from anywhere irrespective of place and devices.”

    Cloud will soon become the inevitable solution for companies when most of the security threats and business risks will be mitigated. Cloud platforms can help support the core business of an enterprise and accelerate its business process performance.

    .

  3. Houngbo_Hospice
    October 30, 2014

    ” “Cloud computing has the potential to create a wave of game-changing technology innovations for the supply chain, including the functionalities needed to generate and share a single source of truth; to bridge multiple tiers of information siloes and process gaps; and to monitor, recognize, and resolve disruptive events in the trading network.”


    Thanks for sharing.

    Cloud computing does have the potentetial to improve the supply chain performance. But many companies are still relying on lagacy ERP systems and they are not eager to make a “total” migration to the cloud yet.

  4. Taimoor Zubar
    October 30, 2014

    “I think cloud can be used as a storage place for material movement documents and can be accessed from anywhere irrespective of place and devices.  I mean useful only for the documentation side.”

    @Jacob: I think you're really understimating the power of cloud. It's not just an external storage repository. It's a platform which you can use to host your applications and even your entire ERP. What this would result is the fact that you'll have more robust applications and systems and hence a more streamlined supply chain

  5. Taimoor Zubar
    October 30, 2014

     

    “But many companies are still relying on lagacy ERP systems and they are not eager to make a “total” migration to the cloud yet.”

    @Hospice: I understand that the true benefits of cloud cannot be attained without a total migration and that most companies are reluctant to make that move. However, I think it always starts with the basics. Companies start moving their non-critical applications to the cloud first and as they're more comfortable with it they move to the major systems. That's generally how it works.

     

  6. Houngbo_Hospice
    October 31, 2014

    @TaimoorZ 

    Companies will eventually feel comfortable with cloud computing and it will soon be considered the normal way to implement software solutions.

  7. ahdand
    October 31, 2014

    @hospice: Yes the value of cloud technology can be viewed clearly these days

  8. Hailey Lynne McKeefry
    October 31, 2014

    Especially for small and midsized organizations cloud solutiosn provide an affordable and cost predictable option that can be scaled to meet business growth.

  9. Daniel
    November 2, 2014

    “I think you're really understimating the power of cloud. It's not just an external storage repository. It's a platform which you can use to host your applications and even your entire ERP. What this would result is the fact that you'll have more robust applications and systems and hence a more streamlined supply chain”

    taimoorZ, am a user of cloud and well aware the power of cloud technology. But in supply chain I won't found much application using cloud other than repository or hosting SaaS based applications.

  10. Daniel
    November 2, 2014

    “Cloud will soon become the inevitable solution for companies when most of the security threats and business risks will be mitigated. Cloud platforms can help support the core business of an enterprise and accelerate its business process performance.”

    Hospic, now most of the startup companies are using cloud solutions; free from own resources.

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