Everything you need to know about Supply Chain Optimization

Facing bottlenecks and growing demands on the supply chain management process means more manufacturers are looking for manufacturing automation to optimise their processes, reduce wastage, improve productivity, and find new ways to save costs.

Intelligent Automation optimises the supply chain by automating end-to-end processes and providing data-driven decision-making.

What is Supply Chain Optimization?

Supply chain optimisation is not too simple to move products from A to B. It’s more like A to 12 with several slowdowns, and stock issues in warehouses but what if it could change, and your supply chain service could be streamlined?

Supply chain optimisation uses technologies like Intelligent Automation which combines robotics process automation (RPA), artificial intelligence (AI), business process management and intelligent document processing (IDP) to improve supply chain optimisation. That means customers get what they want, where and when they want, and your organization can grow because insufficient processes don’t slow you down.

What are the phases of Supply Chain Optimization?

There are three phases of successful supply chain optimization, they are -

Design - This phase focuses on network design processes like the location of warehouse facilities, and strategic objectives like demand forecasting, establishing supplies and planning and scheduling of manufacturing operations.

Planning - This phase focuses on where you create your strategic deployment plan for balancing supply and demand, planning inventory and coordinating assets to optimize the delivery of products and services.

Execution - This phase is where you focus on the applications and systems that are used to execute tasks, like warehouse and transport management. It investigates execution-based application that supports supply chain processes.

The processes of Supply chain optimization:

Supply chain optimization is about choosing the right solution for your business needs and monitoring how you increase your benefits in the future.

Several processes make up an organization’s supply chain processes.

• Inventory Management

• Receiving and delivery

• Storage

• Order Processing

• Despatching & Distribution

• Customer support

What are the Benefits of Supply chain management?

There are many benefits of Intelligent Automation’s supply chain optimization in detail

Cost Reduction

With supply chain optimization, many unnecessary costs will be cut down, streamlining expenses of business operations. All repetitive tasks or processes can be automated as needed. A company can have a lower inventory which helps free funds with supply chain optimization. Additionally, Intelligent Automation helps lower supply chain expenses by delivering on time and accurate tracking of the warehouse.

Collaboration

Managing supply chain in one platform that connects with people, vendors, systems and workflows. Better collaboration, better business decisions, continuity and reduced risks are ensured by an integrated team.

Increased Productivity & Revenue

With a more streamlined supply chain, managers can get an insight into all activities to speed up supply chain management processes. The customer is more likely to be more invested in the processes. Orders are timely delivered. The result is to reduce the investment of return on investment cycle that supports customer loyalty.

Better Supplier Performance

The supply chain enables access to real-time insights into the supply chain. The performance of the suppliers can be evaluated and further transform the operations.

Improved Quality

Intelligent Automation ensures consistency and accuracy, improved the overall quality of your end-to-end lead times for preparing raw materials to product delivery. You can check the quality of every product in the supply chain, which helps to reduce waste and improve efficiency.

The future of Supply chain Optimization

Let’s take a moment to take out the crystal ball. Customer demands will continue to grow, with expectations for better and more efficient work faster. Automatrix Innovation has seen that more stakeholders and customers are looking for suppliers with good environmental, social and regulations. The complex international supply chain ecosystem requires agility and robustness. The next step for manufacturers is Intelligent Automation.

Let’s connect to see how Automarix Innovation can help your supply chain optimization.