One of the most startling statistics revealed through a recent analysis of small to medium sized businesses was that a staggering 46% of them were still relying on manual methods and spreadsheets for supply chain management (SCM).
If your business only has one distribution outlet and small core team of operatives, you may be able to work with manual methods and spreadsheets. However, when your business grows beyond the limitations of manual operations, efficient and reliable automation becomes essential, if not crucial, to that growth.
For business owners looking to invest in SCM software, here are three key considerations to bear in mind:
With 40% of businesses seeking to automate or further enhance the integration of their existing systems, efficiency is a top priority. Obsolete and non-adaptive systems are a hindrance to any business that is looking to improve the efficiency of their supply chain management.
The implementation of an industry standard supply chain management software system lets you address these issues by integrating with other aspects of your business. For example, ensuring that your supply chain management software integrates with your shopping cart platform and your accounting system could save you plenty of time maintaining your records across different systems.
According to Daniel Harris, market research associate for SCM software consulting firm Software Advice:
More businesses are seeking tighter integration between SCM systems. In our sample, 1 in 4 buyers cited the lack of integration between existing SCM software as a motive for new software purchases. Moreover, businesses no longer need a strong IT department or an expensive ERP system for integrations. Instead, buyers will prioritise open APIs and nimble implementation teams that can assist in integrating best-of-breed SCM applications into their business operations.”
With 19% of companies actively focusing on growth, there is a need for solutions that are both scalable and flexible. As the owner of a growing business, you’ll need a supply chain management system that is designed to not only assist in the growth process but is also able to keep pace with future changes. With cloud software, you’ll only need to pay for what you need at any stage in your business. And as your business grows, you can always upgrade to a plan that offers more features, instead of changing the entire system.
By getting it right at the outset, you’ll be stacking the odds in its favour and gaining a leading edge over the competition.
To maintain a competitive edge in the industry, you need to be ready to take advantage of new opportunities from an evolving marketplace. Through investing in the best business tools and software to automate your operations, you can focus on developing best-in-class management practices and concentrate on growing your business.