Organizations worldwide are facing supply chain disruptions on an almost daily basis, and experts have predicted the situation will worsen. The unpredictable events force businesses to adopt new tools and processes that helps them react to and anticipate changes. Companies that adopt cloud-based ERP solutions like Acumatica will be more resilient during ongoing and future supply chain difficulties.
Modern supply chains are increasingly complex. This leads to disruptions taking more than one form. Disruptions could be caused by natural disasters, labor strikes, supply shortages, or cyber-attacks. These supply chain interruptions can vary in severity from a minor operational error to a major event that shuts down an entire supply chain for a prolonged period.
Even small supply chain disruptions can have significant financial consequences for companies with large supply chains. Additionally, as supply chains become more intertwined, the supply chain disruption of one company can cause follow-on disruptions for its suppliers and customers. For example, a single missing part can delay a company from delivering a lucrative product. This problem, in turn could then negatively affect the company’s reputation.
To mitigate supply chain risks, companies are turning cloud ERPs as part of their supply chain management system. These solutions offer companies the connectedness they need across their entire supply chain—from suppliers through distributors—with real-time visibility into inventories, deliveries, shipments, and payments.
Gain control over inventory
Cloud ERP helps companies avoid supply chain issues by improving control over inventory. Indeed, deficient awareness of inventory levels can mask a more serious supply chain problem until it is too late. Acumatica’s Distribution Management software, in particular, offers several supply chain features to help companies from all industries. Key features include:
– Sales forecasting and tracking
– Inventory management
– Distribution management
– Purchasing and supplier collaboration
– Shipping, receiving, and order fulfillment
– Inventory replenishment notifications/alerts
Acumatica’s Distribution Management enables companies to maintain the right inventory level through real-time supply chain insights. It is designed to adapt rapidly to any changes in the supply chain. Companies can easily update forecasts based on change requests or demand signals sent through Acumatica.
Streamline sales and purchase order management
Distribution management software reduces order time and minimizes costs, relieving some of the increased costs due to supply chain issues. The software allows users to optimize quoting, entering, and fulfilling orders. It is powerful enough to manage multiple warehouses, handle returns, drop shipments, and credit limits. The solution helps ensure the correct amount of materials is on hand and in steady supply. Automated processes allow companies to take advantage of available materials and lower costs.
Ensure supply chain accuracy
One of the most important supply chain functions is supply chain visibility. A supply chain solution like Acumatica ensures that every company involved in the supply chain has accurate visibility into inventory levels, shipments, and deliveries across their entire network.
As supply chains become increasingly complex, knowing where products are at all times becomes essential for supply managers who must act fast to keep supply chains running smoothly. The solution allows companies to store all shipments within one system, where they can be tracked until delivered to an end customer. Managers can use this information to track down supply disruptions more quickly than ever before.
Supply shortages don’t have to be an industry-ending event when businesses use modern solutions like Acumatica Cloud ERP. The cloud-based business management software offers supply chain features such as advanced analytics and purchasing capabilities that help companies monitor supply chains and improve them.
To find out how Acumatica can help your company overcome and adapt to today’s economy and supply chain disruptions, contact us for a demo.
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