Page 39 - FoodFocusThailand No.183 June 2021
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SPECIAL FOCUS
Technology has evolved to where it
can facilitate enhanced information
sharing between members of the supply “Ensuring supply chain outcomes that
chain ecosystem, as well as allow are agile and responsive to customers’
organizations to effectively synthesize and
interpret that information for improved expectations, despite the challenges
decision-making. Modern platforms, such from volatility, uncertainty, complexity
as the cloud—as well as modern tools,
such as artificial intelligence (AI) and the and ambiguity.”
internet of things (IoT)—empower supply
chain organizations to evaluate and
implement decisions that drive the best
possible outcomes.
Evolve from a Reactive to
a Proactive Supply Chain
Despite being comprised of a global
network of suppliers, trading partners,
finance providers, and customers, many
supply chains still operate along a linear
approach—with organizations focusing
almost exclusively on their individual
mandates. Yet with more than 80% of
supply chain processes and data occurring
outside of any single enterprise, adopting
technology that allows organizations to
share information and collaborate (in a
nonlinear manner, beyond an
organization’s own “four walls”) is
necessary to help improve the performance
of the entire supply chain—upstream and
downstream, for partners and customers.
In addition, the sheer volume of data
collection and sharing that occurs in
today’s business environment is often
beyond the capabilities of aging systems
and software. But implementing the
needed, updated functionality can require
substantial and costly upgrades that are
difficult to manage in-house. Cloud-based
solutions help remove the operational
overhead and capital expenditures with
which organizations would otherwise be
burdened in order to achieve the
necessary level of functionality.
Aging systems and software also
mean that organizations often rely on
antiquated processes, such as
spreadsheets and email to extract and
share data. Manual processes like these
can hamper productivity and hinder
decision-making. Today’s supply chain
management requires automation,
efficiency, and speed. Cloud-based tools
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