In the coming year, pressure to change the supply chain may rest in the hands of company executives who had trouble understanding its potential. According to an article on Forbes, the supply chain has become just another business function to many corporate leaders. This has created a wall around it that has prevented many companies from incorporating more innovation that can help connect the chain from end to end.
The article points out that for many, efforts to improve cost margins could benefit from better supply chain management systems. Many executive do not have access to the type of the data that can help relay cost information and improve profitability within the supply chain.
Advanced data collection is one way that executives can improve their view of the supply chain. Data collection systems can now integrate into existing ERP systems, mining data that shows how the warehouse, suppliers and logistics all impact the overall health of the company.
Mobile barcode scanning can increase the number of data points in the warehouse. More data collection points means more accurate information. Inventory control is also improved when information about product is logged into the system more often.