What does supply chain management rely on to enhance the core competitiveness of enterprises?

In today’s society, the level of supply chain management directly determines the strength of the core competitiveness of enterprises. Instead of looking up to the top 25 global supply chains on the list, it’s better to be honest and down-to-earth to analyze the current situation of your enterprise’s supply chain, which nodes have problems, which aspects are unsatisfactory and which risks exist In fact, supply chain management is really a very complex thing, so many enterprises directly to some supply chain management consulting agencies to deal with. Nowadays, it is more popular to help enterprises build digital supply chain institutions, such as SAP. Especially in the era of digitalization and globalization, enterprises need supply chain management to upgrade their core competitiveness. In this case, what should we do? Let’s talk today.

How does supply chain management upgrade the core competitiveness of enterprises? This topic is a little complicated, but we can get several aspects by breaking away from the appearance of supply chain and directly entering into the process and purpose of supply chain management. For example, it can help enterprises reduce costs, improve comprehensive performance, shorten order processing cycle, reduce overall inventory, shorten cash cycle and improve service level. There is no doubt that each one is to add points to the core competitiveness of the enterprise in the future.

How can supply chain management improve the core competitiveness of enterprises? Let’s first look at what kind of core competitiveness enterprises need in the face of changing market and customer demand in the current digital economy wave? We need to take advantage of the excellent product experience to bring excellent experience to our customers so as to maintain our leading position. So what do the top 500 companies usually do? Let’s take a look at how sap, known as the master of management behind the world’s top 500, helps enterprises build core competitiveness in the supply chain?

First of all, we must be “customer-centric”. Otherwise, the supply chain has no meaning and value. How to be customer-centric? It is necessary to run this concept through every link of the supply chain, realize fast response to customers’ demands, provide personalized customization, and provide unique experience; secondly, a set of mature system is needed to ensure the transparent visualization of the whole supply chain, process massive information, and manage data, which needs to be combined with current cutting-edge digital technologies, including big data, cloud computing, and things Networking and artificial intelligence. Check, monitor and maintain in a digital way; continuously optimize processes and predict business results, and compete with innovative results.

SAP said: to implement the three pronged strategy of digital supply chain, the key is to establish three pillars of digital supply chain, and use these three pillars to successfully realize the transformation of supply chain. The aim is to build a sustainable supply chain and keep ahead in the fierce competition. As for how to build an end-to-end digital supply chain, covering all aspects from design, planning, manufacturing, logistics and operation and maintenance, the figure below gives a perfect answer.

Digitalization and globalization are pushing customer service expectations to the top and extending the supply chain to the far end of the earth – putting unprecedented pressure on the supply chain. Digital transformation of supply chain, optimize inventory, cost and service from the perspective of end-to-end, and help enterprises expand their competitive advantage. This is the key that supply chain management endows enterprises with core competitiveness. For a more comprehensive understanding, consult your acloudear — SAP partner.

This article "What does supply chain management rely on to enhance the core competitiveness of enterprises?" by AcloudEAR. We focus on business applications such as cloud ERP.

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