Why Supply Chain Agility Is Important In Today’s Scenario?

Some of the figures you would like to know

·         79% of companies with high-performing supply chains achieve revenue growth superior to the average within their industry
·         Only 8% of businesses with less capable supply chains report above-average growth
·         Poor supply chain performance commonly contributes to corporate or business failure
·         Supply chain costs feature strongly in the demise of many companies
If you want business success, you have to make your supply chain successful too. In today’s highly dynamic scenario, customers have multiple choices to purchase products i.e. in stores, online, and more. Their loyalty is based on the ability that how quickly and accurately an enterprise can fulfill customer expectations. To exceed the growing expectations of customers, raw materials, manufacturing, logistics, and trade and order management must all be coordinated. This would ensure that a given item reaches to the customer within a reasonable timeframe. An agile supply chain can deliver on those expectations.

Industry 4.0 and Supply Chain Management

Industry 4.0 or “fourth industrial revolution” is driven by advanced technologies such as AI, machine learning, the Internet of Things, automation, and sensors. Leveraging these technologies, companies can transform the way to manufacture, maintain, and distribute new products and services. Today’s agile SCM is about using technology to make the supply chain―and the enterprise―smarter. Using smart technology such as IoT, organizations can now predict failure before it happens and then take steps to prevent it so that the supply chain can continue uninterrupted.  

The Need for Agility

The challenges associated with the supply chain are much beyond efficiency and cost management. Regulatory compliance, frequently regulatory requirements and ever-changing legal mandates are other issues that need to be addressed. Better visibility, demand forecasting, and coordination are other essential components required for the company’s success and customer satisfaction.

Microsoft Dynamics 365 Supply Chain Management – Ensuring Transparency and Visibility

Microsoft Dynamics 365 Supply Chain Management (Operations) enables you to optimize people, processes, and equipment by utilizing IoT, AI, machine learning, and mixed reality. D365 Operations support discrete, lean, project, process, and mixed-mode manufacturing processes while enabling you to simplify resource management across any workload. Dynamics 365 for Supply Chain Management supports various types of maintenance—predictive, corrective, condition, and preventative, enabling you to avoid costly downtime of business-critical equipment. By delivering real-time visibility into stock and receiving, picking, and shipping operations, D365 Operations enables you to effectively manage capacity and consumption alongside the movement of finished goods. Real-time tracking and monitoring of KPIs help you to better maintain your assets from acquisition to retirement.

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