In the retail supply chain, it’s essential to know what’s going on and what is where at any given moment. At the Global Supply Chain Summit in Atlanta today, Greg Johnsen, Chief Marketing Officer and Co-Founder, GT Nexus, described how cloud technology isn’t just a new way to store information, but a game changer for the industry.
Companies have invested a lot in business software designed to automate their business processes. But since much of the data needed to operate effectively is often not owned and created by them, but owned and created by their business partners, they still have a problem getting the information they need when they need it. The cloud supply chain eliminates those problems by letting companies pass information across their business networks, sharing data in real-time so all partners are on the same page.
Visibility is the most obvious benefit. No matter where you are in the world, companies can instantly access information, helping them drive business decisions, respond to crises, adjust to changing conditions or take advantage of new opportunities. But cloud also enables automation for collaborative processes and supply chain intelligence.
And while the world is moving toward the cloud and the benefits are clear, the cloud supply chain is a very complex solution. When looking to move to cloud, Johnsen recommends focusing on a specific part of the supply chain first. Rather than migrate every process over to cloud at once, he suggests taking targeted opportunities and remapping your processes for the cloud. Then, build on your success gradually.