If your organisation uses multiple systems and manual processes for managing its supply chain, you’ve probably got a well-staffed procurement team keeping track of purchases and enforcing policies, among many other duties. And even then, you’re hoping any errors or discrepancies are going to be minor.
But the fact is even small supply chain errors can have a devasting effect – like when Boeing had to delay the launch of its 787 by years due to a litany of supply chain glitches, such as running out of fasteners.
An integrated digital supply chain management solution enables you to automate processes and embed workflows to increase efficiency and accuracy. It can, for example, automate stock replenishment.
Such a solution can also exchange electronic data with your suppliers, so you can remove paper-based processes and data entry duplication, reducing the likelihood of errors. It can simplify purchase requisitions by allowing staff members to order directly from suppliers’ web catalogues – but from within the system to ensure compliance.