Optimized Solutions for an Efficient Global Supply Chain
The success of every business, irrespective of its size of operation depends on its logistic functions. The efficiency of the logistical functions is further dependent on its supply chain. Today with enterprises moving towards the global fold, supply chains have become increasingly complex. Along with the expansion of business and entering new markets, enterprises also tend to support various strategies for business survival in the competitive environment which includes increasing delivery speed and cost reduction. However, to make their strategies successful the global enterprises consider offshoring and outsourcing, making their supply chain a vital aspect of the business environment. The supply chain solution integrates the logistics and manufacturing functions and coordinates and collaborates between channel partners, supplier, third party service providers and customers which build the business into a cohesive unit. The global supply chain is a larger framework built on cross-functional business processes that are global in nature. With each of the business process being managed by a team of logisticians, production specialist, finance, marketing and research and development professionals, the global supply chain management is a vital aspect of the business environment. With a number of countries involved, the global supply chain management is challenged by the need for reduction of overall costs and time. The overall cost which is related to the expenses and tariffs as a result of overseas business and exchange rates need to be considered well in advance before embarking on logistic supply across nations. The time that needs to be reduced is related to the time required for production, procurement time, delivery and extended shipping times from overseas locations which has a great impact on the global supply chain. Unlike the supply chain solutions which handled a national level logistics through just-in-time deliveries with shorter lead times, the elongated global supply chain challenges enterprises with forward logistics of longer lead times and bigger batches besides efficient handling of reverse logistics supplies too. The leading service providers have collaborated with the IT giants to provide enterprises with a technology platform integrated with a number of software solutions. Such high-end technology will provide global enterprises with a strong backbone for its logistics operations. The technology platform will not only support business intelligence but will also efficiently handle customer relationship management and logistics management besides providing a real-time mode for client reporting. By leveraging on this technology, enterprises can integrate the network assets through an easy global supply chain and ensure an efficient logistics handling across the wide market. A reliable supply chain provider with efficient and scalable services to meet the growing customer demands will ensure robustness of the global supply chain system.
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