How can supply chains be improved ?

Supply chain optimization through software solutions
The appearance of innovative supply chain software solutions, with embedded analytics and machine learning, is nowadays transforming supply chains due to a strategic opportunity to impact the bottom line.
Such solutions provide logistics operators with the opportunity to switch transport means dynamically reacting to the events in real-time, the possibility to use more cost-effective and greener alternatives — barges and railways, whenever it’s appropriate, and at the same time preserve the option of switching back to trucks. It de-stresses and de-risks the supply chain and brings costs down for transport operators and their customers.
You may read more about How to Reduce Supply Chain Risks
Gartner digital supply chain survey states that 62% of supply chain specialists anticipate that in two years at least half of their corporate revenue will be generated digitally. However, only 25% of them admit that the digital processes are run properly in their companies, meaning substantial work should be done by the rest 75% of business entities. The present moment is the right time for swift, and bold actions, and the enterprises which put off modernizing their supply chain risk falling behind and losing their competitive position.
Transportation management system (TMS) and risk management
While the companies want to become digital, the disconnect with current technology architectures is still great. To gain success businesses should nowadays improve agility and become more customer-centric, and the basis of an agile supply chain is a dependable information system, capable of logistics risk management.
A perfect example of such a solution is a TMS — transportation management system.
The present-day Transport Management Systems deliver the details of:
· histories of shipment;
· forecasts of demand;
· options and provisions of the carrier;
· freight-in-transit.
All these details can be shared in real time and automatic alerts can allow the shippers to identify the root causes of problems to take measures for improvement. Due to this fact Transport Management Systems have become essential elements of supply chains, which are nowadays vulnerable to a greater number of disruptions and less tolerant of delays. Besides, some industries have to overcome the pressure of peak season demand and in case of disruption, any business needs to restore its shipping network to normal operation as soon as possible. That’s why supply chain management software is an inevitable tool, able to provide the accurate details at the right time allowing to take weight decisions with regards to the risk profile of the business and the time period under consideration.

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