In today’s fast-paced business climate, it is critical to be on top of your game from every angle. To ensure profitability, you need to know where your inventory is at all times, whether it’s in the warehouse, in transit, or at its final destination. This is the goal of supply chain visibility, and in today’s competitive logistics landscape, you need all the leverage you can get.
However, the right tools enable you in many ways:
1. Single Source of Truth
If you are still running your business with a multitude of manual spreadsheets, errors and miscommunication is a significant issue. When all supply chain information is centralized and viewable from a single dashboard, decisions are made quickly and accurately, reducing the time you would typically spend chasing answers.
2. Optimize Processes
Complicated manual processes lead to sub-par performance, resulting in longer load times, inefficient inventory management, and higher costs overall. Automation enables scale, improves reliability, and lets your teams focus on delivering the best possible customer service.
3. Valuable Data
Manual processes do not deliver the data you need to stay competitive. Data enables accurate demand forecasting as well as fast decision-making, both of which are vital to staying competitive.
4. Regulatory Compliance
Today’s supply chain visibility tools help you stay on top of changes to the regulatory landscape, reducing delays, and lost revenue due to knowledge gaps.
5. Simplify Supply Chain Management
To maintain profitability, it is necessary to leverage multiple carriers, less-than-loads, and manage suppliers across a global landscape. These added complexities can threaten profits if not managed efficiently. However, assigning more people to the problem only further complicates the issue, increasing the cost of doing business as well as the potential for errors.
6. Take Control of Your Inventory
Arguably, one of the biggest problems in supply chain management is getting your inventory where it needs to be. For retailers, this is a primary concern because overstocks or out-of-stocks tie up revenues and frustrate both your customers and your employees. Better predictive demand forecasting will support your efforts to stock those shelves and satisfy demand.
How GoRamp Helps?
Many SMEs continue to rely on manual spreadsheets and processes because they feel that the expense of taking on an enterprise solution is too risky. GoRamp offers a viable solution to this problem. GoRamp’s subscription-based, managed SCM solution levels the playing field between you and your biggest competitors, helping you grow your business without sacrificing profits.
Register today to request a free live demo and discover how easy it is to leverage enterprise supply chain technology for your SME.