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The COVID-19 crisis has massively disrupted supply chains across industries. This problem has become more acute ever since the country has been under lockdown mode. Most factories aren’t functioning and people are buying essential items such as food and toiletries incessantly. According to a survey by the Institute of Management, about 75% of companies are facing troubles managing their supply chains. This article will focus on how ERP platforms can help you maintain a healthy supply chain during the times of crisis, such as the Corona Virus pandemic.
1. Have multiple vendors
For companies, especially those whose profits are directly dependent on sound supply chain management should have multiple vendors. This is because having a large database of vendors gives you a wide variety of options to choose from. These can be market price, availability of materials, delivery time and many more. Also, it ensures that you have the required supply at times when your preferred vendor is unable to send it to you due to legal restrictions or other emergencies. An ERP for supply chain management will help you keep track of multiple vendors and ensure that your production process continues unhindered.
2. Digitize your supply chain
Manual methods of creating vendor databases, inventory management, and keeping a watch over shipments is a cumbersome process. This is where an ERP for supply chain management can help you in the following ways:
- It creates a vendor-portal where vendors can sign in and participate in the buying process
- It automatically segregates the best vendors according to the set parameters
- It automatizes document collection and handling process
- It keeps a watch over compliance-related issues
3. Encourage remote work
According to the guidelines published by the World Health Organization (WHO), social distancing is the only way of curbing the spread of the virus. An ERP for supply chain management can be the most useful tool to ensure that. It provides easy access to business-critical information via mobile phones and allows you to manage processes from the factory floor. Also, it integrates with communication portals and enables your geographically dispersed team to remain in contact with each other 24/7. This reduces the required on-site workforce, which in turn, lowers the risk of your employees falling in the grip of the deadly virus.
Also Read: Engage Your Premium Customers Remotely
Supply chains across the globe have been seriously hit by the COVID-19 outbreak. But by making use of appropriate tools and implementing best practices, it can be conveniently dealt with. This is where ERP for supply chain management shows a ray of light. At Sage, we are home to industry-leading ERP platforms that make your supply chains resilient in times of crisis. To know more about it, SMS SAGE to 56767. You can also write to us at email@example.com.
Disclaimer: All the information, views and opinions expressed in this blog are those of the authors and their respective web sources and in no way reflect the principles, views or objectives of Sage Software Solutions (P) Ltd.
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