Technology has shaped the business landscape and impacted how supply chains operate in today’s world. With more digital tools and programs come accurate inventory records, streamlined ordering processes and increased efficiency. In our ever-evolving world, integrating technology in supply chain management is vital to the success of any business. 

Enhanced Efficiency and Lower Costs

One of the biggest impacts of technology on supply chain management is enhanced efficiency and lower costs. With automated operations and real-time analytics, businesses can not only reduce costs due to human error, but free up time and save money in labor costs while improving inventory accuracy. 

Demand Forecasting

Automated systems are designed to analyze trends in historical data to make predictions about future demand. There are many elements that impact future demand, such as seasonal factors, market trends and promotions. Automated forecasting takes all these factors, as well as other data analytics, into account when predicting demand for future orders. With automated systems anticipating consumer needs, inventory is better maintained, customer satisfaction increases and costs reduce.

Automated Ordering Systems

Automated systems not only predict future demand, but they place automatic orders based on real-time data. This makes for more accurate inventory management, reducing manual intervention which can lead to errors that cause overstocking or understocking. Automated systems make sure you have exactly what you need, when you need it, and make for smoother and more efficient inventory management. 

Improved Customer Satisfaction

An efficient supply chain with the help of technology means more satisfied customers. Customers are happy when products they want are available and arrive in a timely manner. With accurate inventory records, intuitive demand forecasting and automated ordering systems, you can track and locate stock easier and deliver a quality experience to the customer with minimal delays. 

With customized logistics tailored to the needs of your business and powerful systems to track and maintain inventory, Pollock Orora is here to help businesses develop and manage an effective supply chain in the modern era. All your supply chain needs are SOLVED with Pollock Orora!