Traditional supply chain management methods frequently fall short of addressing the complex challenges businesses face in maintaining a streamlined and efficient supply chain, often leaving supply chain management professionals to grapple with challenges such as a lack of collaboration, communication breakdowns, and insufficient visibility. Enter ChainLink SRM, a transformative solution designed to redefine how businesses interact with their suppliers, streamline processes, and enhance overall efficiency.
In the modern world, supply chain visibility guides businesses through the twists and turns of procurement, manufacturing, and distribution. A lack of supply chain visibility can be detrimental, cause unforeseen disruptions and delays, and result in an overall lack of control. Modern businesses strive to meet customer demands promptly but often remain unaware of the massive roadblocks hidden within their supply chains. Unfortunately, this lack of transparency is not rare; it is, in fact, a widespread challenge many companies face today.
We all know that information is critical to modern business operations. Running an organization is all about making decisions based on accurate information delivered at the right time and to the right person. When you lose critical b2b information due to poorly designed workflow processes and information systems, an overwhelming amount of email, or even user error, that information is no longer actionable.
The world of quality management is incredibly complex. Though technology makes our jobs easier and faster to do, there are limitations to the impact that even the best technology has. One of the most common limitations of EDI and B2B Collaboration technology is that it’s just not accessible to your entire supply chain. In most cases, only one-third of the supply chain is electronically enabled. That means that two-thirds of suppliers are left to send critical B2B data and information via email. We’ve put together a list, albeit non-comprehensive, of six different supplier quality issues directly tied to this kind of manual trading.
We all know that supply chain management can make or break a business, and it’s one of the most important areas for controlling costs, and consequently, profits. Supply chain management is not just a purchasing function, though. Purchasing, Information Technology, and Quality all have a crucial role in managing the supply chain well. It’s important to ask, ‘does my process dictate the technology, or does the technology dictate the process?’
Here’s the scenario. Your company is a manufacturing company in the aerospace and defense industry. You sent an expensive purchase order to your supplier for electronic control system assemblies, a mission-critical piece of your final product. When the batch arrives, everything looks great except for one glaring issue. The wiring harness specified in the purchase order is not the wiring harness that came attached to the electronic control system assembly. Now you have a batch of electronic control system assemblies that don’t fit in any airplane your company manufactures.