By Cloudleaf (sponsored content) March 15, 2018
Global competitive markets are eclipsing local economies and jurisdictions by forcing supply chain ecosystems to evolve. Enterprises are following suit and digitally transforming their businesses in order to broaden their reach on the world-stage.
Editor’s Note: The following article is brought to you by Cloudleaf in partnership with the Supply Chain Network.
Global competitive markets are eclipsing local economies, time-zones and jurisdictions by forcing supply chain ecosystems to evolve. Enterprises are following suit and digitally transforming their businesses in order to broaden their reach on the world-stage. These globally integrated supply chains have the potential to facilitate cooperative stakeholder relationships and help enterprises quickly source materials from a wider network of suppliers at lower cost. Tomorrow’s supply chains represent catalysts of innovation that enable unique technology solutions to deal with the complexities of running highly autonomous, perpetual operations in discrete and process manufacturing.
However, coming down from the 30k foot view, the realities on the ground can be quite different. In the global economy, many enterprises continue to struggle with maintaining transactional security, product quality, and keeping counterfeit materials out of their supply chains. And on the front lines, operation managers are under more pressure than ever before to keep products flowing, stay productive, and cut costs; all while working within an ever expanding ecosystem of supplier inputs and distributor outputs. So any interruption in the flow of goods, and the materials that go into them, is enough to keep operation managers up at night. Inaccurate inventory levels, down equipment or misplaced assets have the potential to set off a cascade of failures that ripple through the supply chain, increasing costs and introducing valuable opportunities for the competition.