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ERP for Supply Chain Management

Simplify supply chain management functions with the most advanced ERP software…

ERP for Supply Chain

Sage X3 ERP for Supply Chain Management is a feature-rich ERP Software solution that adds real essence to the complete supply chain management including inventory management, material procurement, end-to-end customer product delivery, and more. The enterprise resource planning software has the potential to coordinate and integrate major flows including information flows, material flows, and financial flows. Make precise execution, control, planning, and monitoring in the supply chain management with Sage X3. 

A Quick Round-up of Supply Chain Management Challenges

Material Shortage

Material Shortage

Increasing Freight Cost

Increasing Freight Cost

Changing Customer Behaviour

Changing Customer Behaviour

Risk Mitigation

Risk Mitigation

Supply Chain Management Challenges Explained

Cost Hike​

Cost Hike

Throughout the supply chain management channel, costs have been increased and profit margins are under sheer pressure. There is a lack of visibility as well as accountability which apparently increases the operational costs. Also, many factors are responsible for this hike in price which includes an increase in fuel price and commodity prices, high labor costs from manufacturers as well as suppliers. 

Some complicated international logistics are shifting towards high charges for quick transfer and storage of product management. Also, commodity prices are on hike due to which the cost of raw materials is increasing. 

Complexities due to Multi-Channels

Customers prefer buying products through multiple channels. As the market expands, supply chain should adapt. Hence, supply chain managers are required to generate variations on functions to address every channel. Also, it has become mandatory for managers to manage multiple supply chains, varied organizations, and third parties. This would ensure a better customer experience irrespective of how the customers are receiving and ordering products. The rising complexities in supply chain owing to multiple channels is a major challenge for the sectors. 

Today, eCommerce websites are selling products to customers directly and hence require local logistics and quick delivery. Also, traditional wholesalers require large storage spaces near metro areas along with precise inventory control. This will make sure that the products are available in ample amounts during supply chain process.

Complexities due to Multi Channels

Risk Factors in Supply Chain

Environmental fluctuations, economic pressures, international complexities, trade-related conflicts directly or indirectly put pressure on the supply chain sector. However, these kinds of pressures can turn into risks as well as issues through networks. And this causes major issues. 

Today, customers, as well as, clients are spread across the globe which needs keen coordination and management. However, creating additional steps to the supply chain produces high complexities for downstream and upstream members.In terms of compliance, regulations, and quality management requires rigid agreements, controls, and contracts which is again a difficult challenge to overcome. To eliminate risks and to manage them efficiently, supply chain management managers are advised to produce contingencies along with mitigation action strategies. 

Volatile Nature

Complexities and volatile nature create problems in supply chain management while also affecting the entire infrastructure. Dealing with these issues promptly is one of the tough challenges for managers prior to developing bottlenecks and more.The increase in the number of internationally sourced goods is causing port congestion. It pressurizes trains, ships, and trucks that require loading, unloading, and more functionalities. 

There are some political situations that are responsible for making tariffs throughout trade routes. It has resulted in additional fees and increased processing time of customs. Moreover, in terms of trucking capacity, there has been a shortage of skilled drivers. Due to the increasing pressure on the drivers, they are finding it less lucrative jobs. And hence, logistics are facing difficulty in attracting or retaining the right persons.   

Volatile Nature
Accountability & Compliance

Accountability & Compliance

Organizations are bound to consider social compliance while doing business across the globe. But, at present, the supply chain sector is facing a number of unethical practices including child labor practices, low wages, and more. With the passing of time, it has become essential to verify supply chain management partners in order to follow the standards. 

Managing risk-related issues is one of the top concerns for managers. The issues include legal issues and brand damage that causes irreparable damage to businesses with respect to profit.

Quality Defects & Language Restrictions

Quality defects are quite hard to manage since there are a lot of differences in accepting the defect stages in different countries. It is necessary to check the quality level along with the ratio of acceptable defects in the coming time. 

Also, various countries conduct daily operations in different languages which is again a challenge in the industry. To resolve these issues, supply chain management businesses should hire professional interpreters having skilled knowledge. This, way the language barriers can be eliminated.

Skip generic solutions, go industry-centric to forge more profits

How will Sage X3 help you Solve the Challenges mentioned above?

Easily track and manage the availability of raw materials, spare parts, and stocked goods. Get updated asset management, future inventory, barcode integration, price prediction, and more with this supply chain management feature.

Coordinate appropriately with transportation channels, enhance customer satisfaction, and improve delivery management with an ERP system.
The logistics and shipping feature of Sage X3 supply chain management software helps with storage optimization, labor management, laboring, and much more functions.

With the precise forecasting feature of this supply chain management software, you can easily predict customer demands while planning the procurement and production processes accurately.
Eradicates the need to buy unnecessary raw materials or to store additional finished products in warehouses. This way, reduce the overall cost of management.

Sage X3 offers team members instant and latest updates on customer orders, inventory levels, and additional key factors. It aids businesses to track and monitor supply chain problems which would help make quick decisions.
Moreover, integrating ERP in supply chain management, Sage X3 supply chain management software would offer you the ability to the data in terms of real time KPIs. This helps in checking opportunities and concerns in order to make respective adjustments to processes and get improved results.

 

Sage X3 enterprise resource planning software offers high-tech automation with which your supply chain business can save a huge amount of time. Your team can work more efficaciously by automating data inputs as well as other business functions while dedicating more to the most crucial tasks of the supply chain business.
With the highly integrated supply chain management scm software solution, your business can make software needs simplified while minimizing human errors.

Benefits of Sage X3 ERP for Supply Chain Management Industry

How does Supply Chain Management Software increase productivity?

In addition to effective planning, forecasting, and simple collaboration, an ERP proves to be a boon in boosting supply chain efficiency in business disruption. We know that market disruptor are tough to compete in every industry and if one of them hits your business then you should be able to get these changes quickly to complete the job.

Critical issues such as pandemics have shown how essential it is to have proper responsiveness and preparation to stay abreast of the competition. Today, businesses have been focusing on supply chain adaptability, speed, and risk management while not considering cost saving as a major factor. Their goal has been to respond to customers’ requirements through flexible sourcing or connected supply chain networks. 

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