Industry Transformation, Winning in the Supply Chain

2023-11-15 17:55

With globalization and localization, companies' supply chains are lengthening. In the face of diversifying orders from customers, increasing variety, shrinking batch sizes, and shorter lead times, enterprises must establish a set of agile and responsive supply chains within the company and among partners to win in the competition.

 

Supply Chain Management integrates the business process of hardware fittings enterprises into a whole, from demand forecasting to sourcing, from manufacturing to transport transactions to form a complete value chain, so that enterprises can visualize and manage the production cost, inventory and orders, and make rational analysis and decisions close to real-time data.

 

Through supply chain demand management, we have a full grasp of the state and trend of the market and customers, and then based on more accurate forecasts, we share demand information with the top of the supply chain, formulate and fine-tune the supply chain plan at any time to ensure smooth production and timely supply, reduce inventory, shorten the lead time for delivery, and improve the delivery rate of the order, and promote the innovation of the management with the investment of information technology, which can effectively replace the traditional push production and dark forecasting caused by high cost of production and dark forecasting.

 

Internet development promotes the transformation and upgrading of traditional hardware platform, under the tide of digitization, it has become the main path of digital transformation for enterprises to improve their management efficiency and manufacturing level by building a digital supply chain platform.


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