In this globalization era, supply chain operations rely on manufacturers, retailers, distributors and suppliers across the globe. Businesses need to align procurement, inventory and demand plans to handle unexpected disruption. If enterprises are not prepared for such situations, this can often lead to numerous stock management challenges which can impact other business departments like sales.
Companies can face the following issues related to their supply chain process:
Lack of inventory visibility
Improper stock management
Lack of order management
Lost sales opportunities
These issues result in productivity loss and ...