What role does technology play in better managing your supply chain and improving your ROI?
Supply chain stakeholders can view technology as a pivot to better manage their supply chain.
The answer to this question can be broken down into two perspectives: the operational and managerial .
The major challenge for a supply chain , or any stakeholder in the chain, is to manage operations to achieve performance and efficiency . Technologies such as supplier portals, like the e-SCM solution, enable real -time management of the entire supply chain connected stakeholders .
○ Plan production with your suppliers
○ Monitor production and minimize risks
○ Mastering quality control of the chain
○ Ship and receive goods
○ Guarantee product transparency and traceability
Centralizing data from various stakeholders and ensuring seamless communication within a single platform guarantees transparency throughout the supply chain. e-SCM offers customizable dashboards with performance indicators for the brand's supply cycle. This decision-making tool secures the process and minimizes production disruptions.
e-SCM enables the collection of data through secure APIs and the creation of a , shared repository in real time. All of the company's tools can interconnect with e-SCM (PLM, WMS, freight forwarders, etc.) and increase the solution's efficiency.
supply chain management also serves a managerial purpose by improving the responsiveness and efficiency of teams . Our e-SCM solution addresses the following challenges :
○ Refocus on high value-added tasks
○ Connect the entire ecosystem
○ Promote skills development (internal and external)
○ Facilitate collaborative decision-making
Indeed, the e-SCM collaborative platform high-value tasks , rather than on data consultation and consolidation, which can be very time-consuming. The main objective is to replace complex Excel files and simplify the data retrieval process.
This immediate standardization results in considerable time savings, coupled with an workflow for discussing and agreeing on modifications to a purchase order attribute among the various stakeholders involved. This eliminates lost emails and version control issues.
This will have beneficial effects on relationships with teams and various suppliers , who are placed at the heart of the relationship . As our product manager, Gilles Bidart points out , “ no longer having to rush to present information will allow us to spend much more time analyzing it.”
The entire ecosystem matures and fosters communication between all stakeholders. This leads to increased productivity and skills development.
As you will have understood, the role of technology is becoming essential, facilitating collaborative decision-making and strongly impacting the return on investment (ROI) of brands.
The positive impact on certain ROIs is a priority and the advantages developed above quickly prove this, from the first collections managed on the platform.
We rely on feedback from our clients such as Rip Curl, Petit Bateau or Aigle, to express the gains perceived by brands that use the e-SCM solution.
○ Increased productivity: Improved processes for all actors in the value chain and easier decision-making, thanks in particular to integrated e-SCM dashboards, offer a productivity gain of 20%.
○ More performance: A secure supply chain that copes with manufacturing uncertainties, production monitoring that limits stockouts and ensures availability in stores results in a 25% reduction in disputes with suppliers.
○ Reduction in scrap rate: Thanks to the dedicated Quality process monitoring module and better control of tests and controls, we were able to observe a 12% reduction in residual stock.
○ Optimized transport: Tracking the route gives the logistics provider visibility on the transport capacities to anticipate and thus allows for the rationalization of costs by proposing shipment groupings , resulting in a 10% reduction in transport costs.
Overall, we are convinced that the digital transformation of all links in the supply chain is essential to meet the new challenges of the textile industry and respond to the demand of the end consumer .
If you would like to learn more about our solution, please feel free to schedule an online appointment with our business developer Antton or book a demo!