Logistics and Supply Chain Management, supply chain, cloud

The development of cloud technology has created an interconnected, digital world that is essential for any business’ rapid growth. Cloud-based systems can provide enterprises with a holistic view of their entire operations, enhancing supply-chain visibility and effective collaboration. As businesses become increasingly digital, cloud technology delivers greater operating efficiencies and huge savings in an evolving business landscape. Here are five big benefits to using a cloud-based logistics and supply chain management system.

1. Reduce Capital Expenses and Operating Costs

Deploying cloud technology requires almost no hardware, IT infrastructure, unified global connectivity or large upfront costs. This allows companies to bypass capital investments and streamline shipping processes to reduce any additional operating expenses. Organizations can continually reduce costs as their service capabilities and customer base expands, and the cloud provides an attractive alternative to more expensive on-premise solutions. By moving your logistics and supply chain management needs to the cloud, companies can dramatically reduce the need for substantial upfront capital investment; any previous integration and configuration costs can instead be transferred to operating costs.

2. Increased Efficiency

With all your services online, companies can automate repeatable tasks using configurable rules, routing guides, policy management and custom workflows that exist in the cloud. Cloud solutions leverage managed automation and data analysis, leading to more intelligent systems of resupply processes. Automating your workflows simply means the cloud will perform step-by-step to create efficient analysis based on the input of your business and programming experts. Cloud technology empowers your management team to make more intelligent decisions without straining your current workforce’s budget or time.

3. Rapid Scalability and Growth

Organizations need a flexible system that will grow with you and is faster to deploy than traditional linear on-premise ERP implementations. Cloud-based services provide your business with the organizational flexibility to naturally re-configure certain capabilities based on your evolving needs. With everything living in the cloud, businesses will never need additional permanent infrastructure to manage temporary peaks or changes in an organization. Rather, scaling upwards can become as simple as writing additional lines of code or inputting new data into an existing cloud workforce. Facilitate a faster return on your investment and any upgrades can be implemented in a much more timely manner with limited manpower.

4. Consolidate Multiple System Solutions

While multiple systems, like WSM and TSM, are necessary for shipping logistics, too many systems can cause huge delays when doing business. Having too many systems in place requires more manpower to oversee each system and when one breaks it can force organizations to halt their business to fix things. With the cloud, organizations can coordinate and consolidate information with a specific solutions to prevent miscommunications and missed savings. The SaaS architectures gives managers global visibility across entire operations in a single system so no matter where your employees may be they can run the exact same version of your software with no global rollout costs.

5. Always Stay Up to Date

Cloud technology is always plugged into each of your resources to ensure up-to-date content like carrier rates, embargoed countries lists and denied party screening data. Connected networks like PRECISION Cloud provide these updates automatically so your organization can make informed decisions with all the right information. A more intelligent software results in greater actionable insights and accelerated innovation, while providing access to real-time pricing and real-time inventory so you can maximize the ability to meet changing demand fluctuations.

The digital age has made the world more connected than ever and companies are recognizing the benefits of utilizing cloud-based solutions to drive efficiency and overall business growth. With a cloud-based logistics and supply chain management system, businesses can save time and money while gaining a holistic view of their entire operations. PRECISION Cloud maintains the same comprehensive shipping and supply chain tools that seamlessly integrate with your ERP solutions like QAD, SAP and Oracle. With PRECISION Cloud, your business can leverage the functionality of our feature-rich application in a SaaS model while making your shipping process efficient overnight.

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