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Supply Chain

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Supply Chain

Supply chain Companies have struggled to gain detailed and real time view of what happens in their network, both within the organization and externally. Efficiency of many aspects of the Supply Chain, like Inbound Logistics, Flow Management and Labour Management are highly influenced by the amount and type of information available. Material and Capital are the two primary pillars of every Supply Chain. Equally important are the links of the chain formed by the various branch offices, distributors, warehouses, stockists, dealers, resellers and retailers etc. However, the data, facts and figures which capture the micro-level details of the functioning of the entire Supply Chain form another critical aspect i.e. information. The need for greater visibility into the supply chain has many starting points. With supply networks often having footprints in different countries, factors including distance, time zone and even language comes in. Wide and diverse supply chains also mean diverse distributor systems where data gets isolated, leading to issues of comprehension and access. When businesses fall back on manual processes to correct this, it usually results in poor decision-making. In other words, resorting to human intervention to collect data from internal systems and external partners increases the likelihood of risk while simultaneously destroying efficiency.

Supply Chain Visibility is the traceability of goods as they move through the supply chain to ensure availability of the right product, in the right quantity, at the right time, in the right place. The Supply Chain Visibility process essentially sums up as the collection of distributed data across various stages, making this information mobile so it can be transferred and consolidated in a sensible manner for display and usage. Adapting and succeeding in a volatile market environment requires not just continuous flow of data from the bottom to the top, but also an automated system which is essentially self-sufficient dependable and scalable.

Why Supply Chain Visibility’?

  • Precise stock management and reduced inventory costs
  • Improved fulfilment cycle time
  • More accurate sales forecasts
  • Ability to manage the unexpected
  • Internal collaboration v/s data isolation
  • Optimized Supply Chain through better delivery performance
  • Capacity Utilization

Benefits of Supply Chain visibility solutions

  • Avoid overstocking or understocking,Visibility of inventory levels of channel partners, Decreased inventory holding cost.
  • Decreased investment in finished goods and WIP inventory, Enables new market opportunities, Enhanced customer loyalty.
  • Accurate, timely and relevant data on historical sales figures, Helps strategizing production and distribution.
  • Crisis management, Monitor moment-to-moment activities, Deliver change in process with ease.
  • Collaboration of information present in the ecosystem,
  • Avoid unnecessary costs.
  • Reduced logistics costs, More control.
  • Shape future demand

Existing processes for achieving Supply Chain Visibility and their limitation

Business houses invest both time and money in gathering information. The various methods applied today and their limitations are:

  • Organizations invest in a technology solution which they share with Regional Offices, Warehouses and even Distributors where possible. However, they cannot easily share the ownership with the dealers and reseller due to license terms.
  • For a retailer the sophisticated systems are not very flexible or easy to use. Also, implementation would require them to stop business for some time.
  • Retailers sell multiple brands. They cannot adopt and learn the expensive technology system being used by each Principal Company
  • Some organizations have a web based dealer management system. But, dealers and retailers in rural areas have limited access to internet, hence gathering information is a huge challenge.
  • Organizations send their sales executives or external marketing agencies to manually collect information. This process is cost and time intensive. Also, data collection is not real time and accuracy is uncertain.

IT Catalyst specialize in providing Tally.ERP 9’s supply chain visibility solutions to large supply chain networks and make them efficient to the core. with Supply Chain Visibility solution IT Catalyst provides the extremely essential line-of-sight across networks up to the last mile.

Tally.ERP 9 the difference.

The Tally.ERP 9 solution clearly has an exclusive advantage which enables it to deliver a solution in this space:

Enviable and unparalleled presence in the market: With many decades of established presence in the market, Tally.ERP 9 is the most prominently used software in the SME segment in India, which includes the dealers, resellers and retailers, in the Supply Chain. Hence implementing Tally.ERP 9’s Supply Chain Visibility solution would not require them to invest in an expensive technology, nor would they need to learn something new or adapt to a new way of working. Hence no additional expense or work will be added to their routines.

TDL Tally technology: The TDL (Tally Definition Language) platform is the only Business Definition Language in the world. The default capabilities of Tally.ERP 9 can be easily extended and integrated with external applications.

Simple, yet not basic: Any technology or software is inbuilt with complex technicalities which cannot be removed. A good solution is one which absorbs these complexities and delivers a truly simple-to-use, simple-to-understand and simple-to-implement software. Tally.ERP 9 core quality is its simplicity.

Business exceptions handled with ease: Every business experiences exceptional situations. With Tally.ERP 9, changes can be made to processes easily, any step can be added or removed on the fly, and errors can be corrected without needing to stop the functioning of the business. Tally.ERP 9 has focuses on “business process adoption” rather than “business process reengineering”.

Semi-connected environment: In current business scenarios, recurring power failure and interrupted network connections are a reality. Dealers and retailers essentially exist in a semi connected environment. Tally.ERP 9 understands that ‘time is money’ for a business owner and ensures that movement of information in the supply chain does not suffer.

Incremental Implementation: Many advanced features ensure that the technology is always assistive in nature. Tally.ERP 9 ensures new updates or releases in the product are easily incorporated in the product without affecting the daily implementation and without any downtime or stoppage in the functioning. Talk to us if you are interested to know more on this

Resultant Impacts:

  • Enhanced decision-making
  • Improved forecasts
  • Increased adherence to delivery schedules
  • Right goods available at the right time
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