In today’s competitive market, effective supply chain management has become imperative to achieving business success. Several industries like retail, manufacturing, eCommerce and logistics rely on supply chains for their daily operations. That said, the speed and agility of supply chain management directly impact their shipping schedules and production cycles. Nevertheless, due to excessive load, supply chain companies often face difficulties while achieving their daily/weekly goals. Therefore, it is advisable to have a robust software infrastructure in place to efficiently manage SCM operations with more agility, better security, and increased transparency.
At Oodles ERP, we have a proven track record in supply chain software development for cross-industry business use cases. Our development team specializes in using open-source ERP platforms like Odoo, ERPNext, OFBiz, and Opentaps to build feature-rich SCM applications from the ground up.
Here, we highlight the best practices that enterprises must follow to yield sustainable supply chain management.
Also, Read Logistics Management Software Development For The Supply Chain
Best Practices For a Sustainable Supply Chain Management
Here, we have compiled the most crucial practices that enterprises must follow to create an effective SCM solution for the sustainable supply chain management. However, when it comes to supply chain management, there is no one-size-fits-all solution for all enterprises. It means that every organization has its own set of rules, principles, value proposition, and SCM requirements. That said, the steps listed below may vary considerably depending on the business type, size of the organization, and industry-specific SCM requirements.
Business Assessment and SCM Mapping
Before embarking on the supply chain software development journey, enterprises must assess and identify the areas that require sustainable SCM practices. Besides, suppliers and warehouse managers should come to a joint consensus to determine the SCM pipeline and establish expectations. It helps them create a sustainable software model to deal with the potential SCM challenges and render agility in SCM operations.
Supplier Management
Establishing healthy supplier relationships has become increasingly crucial for companies that aim to achieve sustainability in their routine SCM operations. It includes evaluating the SCM pipeline and fortifying business ties with suppliers, vendors, and logistics companies. Evidently, effective supplier relationship management is conducive to efficiently running SCM operations with increased security, transparency, and interoperability. Several fortune 500 companies give prime emphasis to strengthening their supplier relationships to render sustainable supply chain management even beyond their corporate boundaries.
You may also be interested in reading The Importance of Data Analytics In Supply Chain Management
Product Design and Planning
Product design is the first step towards ideating and conceptualizing a sustainable SCM model to achieve the required business goals. It begins with a comprehensive analysis and evaluation of the existing business policies and the proposed software model. Product design and planning should be the primary focus of enterprises before getting off the ground with a supply chain software development strategy. It is essential to extrapolate the entire SCM cycle and align its operations in accordance with the potential business goals and objectives.
Roadmap Creation and Execution
Once you have a clear perspective on the proposed software model and a neatly defined product design in place, it is advisable to create a project roadmap. Creating a project roadmap for supply chain software development helps your team stick to the proposed timeline and seamlessly perform tasks at hand in a phased manner. A project roadmap provides a strategic overview of different phases of the software development lifecycle including research, ideation, design, development, and QA testing. A roadmap clearly communicates the short and long-term objectives and outlines important business milestones as well as the scheduled timelines. It acts as a live reminder of the scheduled tasks and objectives, enabling the teams involved to formulate their execution strategies accordingly for timely project completion.
Also, Read How eCommerce Impacts Supply Chain Management Strategies
Wrapping Up
With increasing dependence on the supply chain, companies face several challenges while meeting their production goals and shipping schedules. Besides, the popularity of eCommerce platforms, online shopping trends, and ever-increasing sales influx have posed an immense burden on manufacturing and supply chain companies. That said, investing in supply chain management solutions has become increasingly important for manufacturers to fulfill the growing customer demands. According to Statistica, the global supply chain software and procurement market has expanded more than twice in the past decade. It clearly indicates the increasing popularity of supply chain software development services across all major industries.
Why Choose Oodles ERP For Supply Chain Software Development?
We are an ERP development company having extensive experience in building enterprise-grade supply chain management solutions for industry-specific business needs. Our team holistically analyzes your existing business model and project requirements to formulate effective execution strategies in adherence to industry standards. We use the latest tools, frameworks, SDKs, and next-gen technologies to achieve the required functionalities with minimal disruption. Our end-to-end supply chain software development services enable organizations to pragmatically align their SCM operations towards achieving their future business goals. To learn more about our SCM development services, contact us at [email protected].
