An efficient business operation is only possible when you have a structured workflow, and there is a great deal of coordination and collaboration amongst the processes. You need to deploy practices that provide you with insight on the future changes and trends in the market so that you can start preparing at an early stage and be the lucky one to enjoy maximum benefits.
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Enthusing Responses with a Reckoning Supply Chain Process
1. Enthusing Responses with a Reckoning Supply Chain Process
An efficient business operation is only possible when you have a structured workflow, and there is a great
deal of coordination and collaboration amongst the processes. You need to deploy practices that provide
you with insight on the future changes and trends in the market so that you can start preparing at an early
stage and be the lucky one to enjoy maximum benefits. An efficient business also means the replacement
of time-consuming and expensive processes by practical and cost-effective ones.
An integrated and automated supply chain management process is necessary that can provide you with
enhanced and real-time visibility and controls for the delivery of optimized order fulfillment services. The
processes that are deployed on the cloud facilitate faster services and reduce administrative costs. A
streamlined and centralized management process is executed which effectively addresses issues that
increase ambiguity and risks. All relevant information is shared automatically and in real-time thus
providing you with quality and integrated value networks.
The cloud process provides you with real-time visibility and enhanced controls to make important and
critical decisions that can increase your revenue generation probabilities. The processes that are
deployed are simplified and customized to meet the requirements of your business and are in alignment
with the compliance requirements resulting in increased customer satisfaction levels. The cloud based
supply chain management systems render improved reverse logistics processes that helps in lowering
costs. Dysfunctional after sales service processes that aggravate costs due to stocking of products with
limited life spans are eliminated and replaced with efficient and cost-saving processes.
The automated supply chain process also provides you relief from excessive expenditure triggered by
erratic and ineffective expense management, data management and procurement processes. It provides
comprehensive solutions for better management and control of your business travel expenses that
includes accounting and invoicing services, travel bookings and profile management services. The
processes are simple and easy to use and collaboration between the bank and credit card companies, rail
companies, airlines and hotels, taxi and car rental companies is encouraged.
The process maintains a resourceful master data management process so that precise and the same
data is shared within the value network, and the travel expense and management process is successfully
fulfilled. It also ensures the deployment of an automated and intelligent procurement process with quick
and simplified administration of price lists, management of agreements and contracts, the receipt and
verification of deliveries, product comparisons, article selections, pre-accounting and activation. It
simplifies the ordering process and furnishes you with detailed reports of the original orders,
confirmations, dispatch advices and manual entries.
2. Running a business is not simple. It involves a lot of complexities. You can achieve true success only
when you can find ways to deal with these complexities smartly and create a favorable atmosphere.
Also read on - travel expense management, reverse logistics management