In order to keep the supply chain running at maximum efficiency, shippers, whether ltl freight shipping, parcel shipping, etc. need more than an adaptable and flexible strategy, they also need a highly adaptable IT shipping software infrastructure.
Companies invest so much time, effort, and money to develop logistics management and shipping software systems to power the supply chain, and the amount of data can be enormous. However, by connecting data and using an integration software to facilitate business and shipping processes between systems, the data can enable your company to increase supply chain management efficiency and improve customer experience.
Let’s look at some samples of how integrated data can work for a more efficient supply chain:
Improved demand forecasting – improved integration between Enterprise Resource Planning (ERP) and the sales systems can lead to more accurate forecasts, which results to more efficient ordering and improved margins. Demand-driven logistics management based on accurate data lowers transportation expenses and inventory while improving a competitive advantage.
Cross-departmental planning – consolidated data allows business logistics professionals to make sound decisions that are based on a comprehensive and accurate picture of the supply chain activities across the organization, such as: marketing, sales, product life-cycle management, manufacturing, warehousing, procurement, transportation, and finance to save money shipping.
Dividing supply chains – integrating data between your customer relationship management and ERP systems allows you to easily divide customers and products, therefore developing a dedicated supply chain management solutions with more specific service level agreements to achieve maximum value at the most cost efficient way.
Decide between fast or flawless deliveries – ability to analyze all supply chain costs together to form a unified picture can allow operational goals to meet corporate values and brand image. Data analysis regarding cost and delivery will allow you to negotiate cheap shipping rates.
Become the shipper of choice – a company that integrates ERP with a yard management software and warehouse management software in order to optimize transportation processes will be the shipper of choice for most businesses because of their efficiency.
Support for procure to pay – control and visibility over the entire life-cycle of a transaction – from the way an item was ordered up to the final invoice processes – gives full insight into cash flow and financial commitments. Integrating procure to pay functionality allows the ERP systems to extend the final documents used to verify invoices and confirm that goods were received and signed for.
Using Product Life-cycle Management (PLM) systems – it only makes sense to integrate the systems since PLM manages the development of a product, and ERP manages the resource planning for production. Once the design has developed a point where resources need to be managed to produce the product, an ERP system would have the ability to import and share the latest product data with necessary departments for precise financial planning.
Data integration across systems can optimize the supply chain and allow your organization to provide excellent customer service from order to delivery. An integration platform that enables businesses to connect data and processes across systems gives your organization the flexible IT infrastructure it needs to digitally transform the supply chain.