Know about the Seven S's of Supply Chain Management

The global supply chain industry keeps evolving in terms of technology and methodology. The question is, how your business can keep up with it and leverage it through it. To summarize this for you, we will be reviewing the seven S’s of supply chain management, so that you know where you need to head.

1. Synergy

Synergy can be difficult to identify and capture sometimes. It is even more challenging when searching for it in convoluted global supply chains. This term essentially refers to savings; and by identifying the different varieties of supply chain synergy in the market, you can explore more ways to save.

2. Standards

Standards work like oxygen when it comes to implementing advanced SCM models. These are extremely important as you cannot build scalable multi-company solutions sustainably without it.

3. Semantic

To get the most out of supply chain synergies, transparent and simplified data sharing work wonders. Semantic data formats are one of the most effective standards in supply chain management, and you can benefit from it to a great extent.

4. Serialization

Serialization involves traceability of consignment being transported from one place to another. The need and demand for real-time tracking information are emerging as the biggest reason why serialization is becoming a crucial part in supply chain management.

5. Synchronization

Supply chain synchronization is a little complex than it sounds. In fact, there are about eight different dimensions, across which SCM can be synchronized. It is all about finding ways on how both end-users and service vendors can best utilize this synchronization in their products and services.

6. Sustainability

Many vendors are still not clear about the direct correlation between supply chain and carbon footprint. Most organizations generate 75% carbon footprint with their supply chain. If you want your success to stay long-term, be responsible on your part, and contribute to the sustainability of the environment.

7. Social

You can say this aspect is the recent development in supply chains. The social networking based technologies in the supply chain let supply chain operators enjoy numerous benefits and facilitate collaborative cross-company efforts.

These were the seven S’s of supply chain management. To improve your management and work operations, you can get in touch with a reliable supply chain management company. To know more about the latest trends in the supply chains, you can contact Prowiz Mansystems Pvt. Ltd. anytime.