How to Utilize the Cloud to Connect Your Global Supply Chain
The economic upheaval of the past 12 to 24 months has brought to light operational and strategic limitations in many of today's global supply chains. Many companies made ill-informed decisions as they drastically cut production assets, ultimately undermining their efforts to maintain high customer service levels and profitability. Here, Knowledge Center contributor Karthik Srinivasan shares three core aspects of cloud utilization that are vital for building nimble, efficient supply chains in today's global marketplace.
There are a number of operational and strategic limitations in many of today's global supply chains. The continuous globalization and outsourcing of today's value chains have only made matters worse, increasing both complexity and risk.
It is no surprise then that the traditional product capabilities and delivery models are being scrutinized by both business and IT teams-particularly for functions that require comprehensive process orchestration and data integration across the extended value chain.
Now, as demand finally begins to pick up, it is imperative that companies leverage the lessons learned from the recent past to reassess and redefine their end-to-end processes and technical strategies. Cloud-based, multienterprise business process platforms provide an increasingly viable option for companies hoping to drive new levels of business synchronicity and collaboration between partners in the global community, resulting in rapid ROI and lower TCO.
In this article, I will focus on three core aspects of cloud utilization that are essential for building nimble, efficient supply chains in today's marketplace. Let's start with the first aspect: integration of partner assets.