Small and medium-sized enterprises (SMEs) are ’the world’s most concentrated, booming and innovative engine for world trade and growth. With 95 per cent of global enterprises comprising SMEs, they serve as key drivers of innovation, social integration, and employment.
SME’s are going through the transitional phase of process automation and in this supply chain is the most complex, challenging and important area. In today’s digital, global and competitive business world the success lies in three things 1) right product 2) at right place 3) at right time and for that you need smart supply chain management software. There are well-known brands in this category but not viable for small medium enterprises due to the following reasons:
- High cost/time/effort needed in implementation and training
- Limitations in further scalability, customization and integration
- High operating costs for energy, maintenance, configuring, upgrades, and other IT staff costs and efforts
So SME’s are preferring cloud based supply chain management software over traditional supply chain solutions. Cloud based supply chain management software is redesigning the supply chain as a digital supply network that unites not just physical flows of products and services, but also talent, information and finance.
Here are the reasons behind growing popularity of cloud based supply chain management software:
1. Cost effective
Cloud based solutions substantially reduces the capital expenses includes expenses for hardware, user licenses, implementation, and user training plus also reduce operational cost include in maintenance, configuring, upgrades, and other IT staff costs and efforts.
2. Quick implementation
Quick implementation is generally agreed one of the top benefits of cloud based supply chain management software. It could also contribute to easier change of cloud service providers and reduced time of providing new products in certain types of business.
3. Expandability
Cloud based supply chain management software comes with the ability to scale. You can anytime expand your network by adding new partners or scale down operations to target niche markets/segments/customers, and/or target newer markets.
4. Enhance accessibility, mobility, and usability
Cloud based solutions provides you the freedom to use it anywhere anytime and boast higher levels of user friendliness and usability.
5. Seamless integration with other cloud services
Cloud based supply chain management software comes with the ability to hassle free integration with other cloud based services.
Cloud-based supply chain management software enhance your control, transparency and visibility over your supply chain and allowing your company and its employees to focus on the tasks that truly matter with the peace of mind that things are running smoothly.