Managing a company that operates within the global supply chain poses many challenges. While technology has made the world a faster and smaller place, operating an organization that delivers to consumers around the globe requires new technology and procedures.
According to Forbes, companies in the global supply chain must pay special attention to their suppliers. Depending on the size of the company and the type of products distributed or manufactured, using the same supplier for remote warehouses is usually impractical. It is key to find suppliers in each region that can deliver raw materials or products at a similar pace, price and quality.
As with operations in any supply chain, it is essential to find more than one reliable supplier in each location so that if one goes down, you won't have to temporarily cut off operations in a certain market.
The Global Supply Chain Requires More Data
Forbes also recommends that global supply chain players not skimp on data mining tools. From budgets to inventory, ERP solutions are essential to securing a return on the investment made to grow a business into a global enterprise. New IT systems also benefit from data collection software that can integrate information gathered in warehouses or plants seamlessly into existing ERP systems.
Advanced data collection can help companies in the global chain keep up with market demands and analyze productivity in real time. The ability to connect data from remote warehouses across the globe can ensure that as a company grows, it does not become segmented. Maintaining separate warehouse systems provides some advantages to the individual IT departments, but overall, it leaves the system open to more points of failure.