Supply chain and logistics business flexibility is the key to success. Flexibility to adjust to the change and integrate the latest technology to your business are two most important factors that determine your business success or failure. History teaches a great lesson to each organisation. If any business fails to adjust to the societal changes, it will not remain afloat for a long time. Therefore, the supply chain and logistics industry needs to upgrade itself by integrating the latest technology like cloud computing to stay competitive.Read More
Cloud computing is growing exponentially with each year. With cloud technology, companies can utilise a huge amount of IT resources over the cloud rather than having to create their own IT infrastructure. Cloud technology helps the supply chain and logistics companies to utilise the resources on a required basis. They don’t need to spend anything extra on static inventory. Most of the time, supply chain and truck management depends on physical and in-person processes. Lets see how cloud technology is transforming supply chain and logistics management.
“There is no situation like the open road, and seeing things completely afresh.”- James Salter
Analytics Capabilities Gets a Huge Boost
There is a huge amount of data flow in supply chain and logistics management, therefore organisations need to hire a data entry clerk and a data analyst. With cloud technology in addition to the internet of things (IoT), data collection from various resources and its analysis becomes very fast and you don’t even need a professional to do anything for you. Therefore, companies can supplement the services of a professional with cloud technology that does the same work but with an exponentially faster pace, which allows supply chain management to make better decisions quickly.
Enhanced IT and Business Security and Capabilities
Cloud technology providers help the supply chain companies to eliminate the need for an in house IT infrastructure. Some companies do keep a small IT setup for in house needs. Most of the cloud service and freight booking software providers offer 24/7 customer support that enhances the business continuity. Latest cloud technology is very secure and reliable as compared with the in house installations. Therefore, cloud technology cuts the potential of any type of business disruption. Latest security measures ensure the security of the cloud technology without reducing the speed of the network. Cloud based systems have lesser downtime as compared with the in premises systems.
Cloud Technology Can Accessed From Anywhere
You only need an internet connection to access the cloud server from anywhere in the world. Therefore from the supply chain management perspective, cloud technology can remove the geographical and political boundaries with the integration of multiple systems. In a single supply chain there are multiple offices around the globe and the cloud based supply chain system can offer instant access to the critical data. All the process becomes very smooth and in sync with the head office. Streamlining the data across the globe was not even possible to think about before but now you can access it from anywhere in the world via cloud computing.
Cloud technology when integrated with the right hardware can track the shipments at each step in real time. Location of shipment in real time helps the supply chain management to improve the overall efficiency of the organisation. Trucking software can manage the supply disruptions more efficiently. Cloud technology can log the shipment automatically hence cut the costs related to the supply chain management.
Multiple Systems Integrated Smoothly
Multiple businesses need to communicate and access the supply chain management, hence there are multiple platforms or systems created for that. Some of these systems or platforms do not coexist with each other that well. Here comes cloud technology. Through various protocols, the multiple systems are able to work efficiently with each other. Therefore, cloud technology helps the supply chain management to eradicate the digital boundaries between multiple platforms.
Supply Chain Equipment Maintenance and Repair
Cloud technology not only helps the supply chain management to track the shipment and equipment but also keep a close watch over the physical health of the equipment used in the process. Cloud technology integrated with sensors can identify and inform when an equipment needs to be repaired or replaced. This will improve the lifespan of all the equipment and reduce the chances of mechanical failure during the supply process. Advanced cloud based freight tracking software helps the supply chain management a great deal with preventive maintenance.
Video Credit – Grow by Joe
Cloud technology is the next big deal in the future and it is already transforming and impacting all businesses, not just the supply chain and logistics industry. Supply chain and logistics management integrated with cloud technology can track the shipment better, more efficiently and with better security.