Can adapting to the new best practices actually help you gain the business benefits that you are looking for? With the implementation of tools such as the Intelligent Supply Chain Management (iSCM), there are possibilities of ensuring the realization of business goals that reduce the risk of time and costs, overrunning. So, when it comes to the iSCM approach, there are several ways in which companies can succeed with its implementation:
How does iSCM impact overall business benefits?
As a business owner, there may be several instances when meeting customer demands, overcoming uncertainties and reducing costs for manufacturing is virtually impossible. The inclusion of better practices such as the iSCM would help improve the overall situation such as improving real-time visibility of supply chain extensions and the manufacturing operations. Regardless, of the time and effort taken to implement these management system, one can see that it is possible to implement seamless synchrony between the demand and its actual fulfillment. All this will be immediately implementable with the help of real-time analytics and rapid decision-making.
Facilitating your own iSCM solutions can only be done with the help of external advisors such as technological consultants like HCL Tech amongst others offer the following solutions:
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Offering an opportunity assessment within the iSCM solutions offerings
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Touchstone, an HCL Tech trademark offers KPI measurement and better benchmarking solution
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iVision, an HCL Tech trademark offers solutions towards supply chain visibility and collaboration
How can functionalities improve the solution?
Here’s a look at the way in which functionalities can improve the following:
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Capturing customer demand with the ability to accurately forecast demands
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Incorporating operations such as collaborative supply chain planning and execution
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Ensuring supply chain operations are monitored in real-time and highlighting bottlenecks with the supply chain impact
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Creating visibility on end-to-end supply chain data and its processes
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Collaborating with the various stakeholders through various communication platforms such as e-mail, text, portal alerts and other forms
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Improving visibility of partners involved across multi-tiers of supply chain and cloud platforms
What remains to be seen, is whether the implementation of the iSCM systems will improve the overall business performance in the form of successfully integrating with business goals with the expected outcome of the performance.
To know more about the article you can read the case study written by experts at HCL Technologies.