Businesses are increasingly seeking optimal solutions for managing risk that can pass through different countries and seamlessly connect with thousands of suppliers worldwide. The advent of cloud has simplified business operations even where the internal system can’t do.

Let’s have a closer look at why some of the key cloud supply chain niche solutions that are gaining traction:

•         Real-time collaboration between enterprises and their suppliers

Undeniably nothing has had any greater impact on plummeting supply chain risk than the capability of networked cloud supply chain solutions. It helps companies to seamlessly collaborate with thousands of suppliers and business associates across the globe on a 24/7 network. Supplier networks are multifaceted, extensive, and subject to many glitches that can go off beam.

Traditional internal supply chain systems like ERP (enterprise resource planning) were designed to connect in-house departments within the enterprise, and take care of the external business processes that concern suppliers. Cloud-based supplier networks enable the users to have more supply chain options and concrete risk management capabilities for enterprises to wisely opt and use them.

•         Smooth management of multi-tier supplier networks

Enterprises have to adhere to certain quality standards while selling their products to the suppliers as a condition of getting a contract. However, what will happen in case suppliers outsource part of the work to their own suppliers? Oftentimes, the quality trajectory is lost. This increases supply chain risk owing to the major repercussions a quality concern can strive on an enterprise’s brand image. At present, there are cloud-based solutions that actually trail multi-level suppliers that in-house systems are not capable to penetrate. 

•         Single out banned suppliers

Chances are that enterprises can lose their hard earned goodwill and may be even penalized if they’re found be managing a trading party that turns out to be a terrorist association, a drug dealer or a bank corrupt company. With cloud-based circumscribed list solutions that ensure this procedure should carry out smoothly and incorporates easily with most ERP systems.

•         Reduces down logistics expenditure

Simply by migrating from an in-house system to a cloud-based logistics solution, the companies can achieve the desired reduction in their overall expenditure. Significantly, it is not just negotiation of shipping rates, but also effective utilization of intermodal logistics that syndicates the speed of air or road transportation with the comparatively highly economical rail or ocean freight — as long as the customer’s delivery expectations are met.

•         Ensuring safety of goods while in transit

More organizations are nowadays becoming reliant on the cloud hosting technology embraced by their logistics partners so as to stringently monitor and ensure the safety of good while in transit. Highly smart and robust sensors are placed in the shipping container for proper monitoring of temperature within the container storing perishable goods. These sensors send out notifications in case the temperature within the container exceeds the acceptable range. Simultaneously, containers are monitored for tinkering or unapproved felony. Hence, the sensor-based monitoring rolling over cloud-based networks guarantees superior safety for goods in transit and mitigates the risks of goods tinkering or damage.

In a nutshell, simplify your logistic supply chain management process by leveraging the emerging cloud technology.