There has been a tremendous growth in technological innovations and techniques through which supply chain is monitored. Logistics has emerged as one of the most fascinating factors to be improvised in terms of getting enhanced and sustainable solutions for both maintaining cost efficiency and keeping supply chain processes streamlined. Powerabode cost intelligence is dedicated to offer innovative solutions on latest trends to be considered in supply chain and logistics to remain cost efficient and enhance overall performance of the entire organization.
Artificial Intelligence
This latest technology has much to offer supply chain and especially for the warehouse department. The use gesture recognition solutions in procurement process can benefit to a great extent as compared to traditional use of keyboards and mouse. With advent of robotics and automation techniques in the supply chain, various repetitive processes can be figured out and replaced or a better alternative can be brought up for employees to improve with their performance.
Robust collaboration with suppliers
Innovative procurement practices and transparent relationships with suppliers can prove to be resourceful in terms of developing contract strategy services. For instance, the procurement department can utilize the business data on suppliers to enhance supply chain decisions, such as supplier evaluation and recommendations of the best business partners. Collaborations will help to develop better commercial assurance and to figure out possible risks involved in different processes and measures to overcome them.
Using SaaS
Software as a service SaaS has enabled business organizations to come up with innovative solutions in their supply chain and logistics processes. The cloud computing has offered a much safer platform with a convenience to use only those services which are required by them at a pay per use basis. It enables companies to develop cost recovery solutions and to avoid high fixed costs related to system maintenance, upgrades and infrastructure related costs.