Page 39 - FoodFocusThailand No.183 June 2021
P. 39

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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