Monday, 7 December 2020
Using lowcode development to improve supply chain management | Freight management software in Singapore | Logistics system
Supply Chain Management (SCM) is the management of the flow of goods and services which includes numerous processes from movement and storage of raw materials to the transformation of the raw materials into the final products, as well as end-to-end order fulfilment from the manufacturers to the consumers. It is a critical factor in determining the long-term success of a business. When Supply Chain is managed properly, a business can significantly reduce its operating expenses, improve customer satisfaction, and in return boost up the revenue. It can give a business a competitive advantage over its competitors.
However, in this era of globalization, free trade, and open markets, the supply chain has grown to be very complex. Businesses need to make sure that their supply chain can evolve to meet the growing demands and multiple channels to market. The only way to do this is to digitally transform their processes from procurement, inventory, finance, and other functions.
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