So what’s changed? Well, it certainly took some time, but recently it seems that cloud-based applications platforms (which enable software vendors to deliver applications under the name of software as a Service) have matured enough to where more robust real-time inventory tracking systems are gaining mainstream acceptance amongst supply chain IT professionals… even as more traditional IT functions are migrating to the cloud. In fact, some large organizations are already conducting business operations in the cloud. This is because most of the IT function departments had traditionally performed the day-to-day mundane tasks of inventory control – from bar coding, to time management, to inventory control, and so forth. This is one of the reasons why companies like Wal-Mart, Yahoo, and Microsoft chose the cloud when they were looking to improve their supply chain management – they wanted to automate processes that were often tedious or confining.If you’re looking for more tips, navigate here
Many IT administrators believe that once complete, cloud-based applications software applications will eliminate all of the necessary inefficiencies inherent in current supply chain management systems. Some even predict that real-time inventory management systems will completely displace traditional on-site inventory management systems by 2021. While there’s no doubt that incorporating cloud applications into an existing supply chain management system will require some IT training, many IT personnel feel that the benefits of a real-time inventory management solution will far outweigh any training time required. What do you think? Is cloud software a practical solution for your organization?
The truth is that real-time inventory tracking methods may not be ideal for all supply chain activities. If your primary activity is to conduct warehouse inspections, you’ll likely find that traditional on-site inventory management systems would still work just fine for your business. In fact, they may even work better. Why? Because the human error factor makes it very easy to make mistakes, especially in warehouse inspection activities. But if your primary concern is reducing warehouse labor costs, automated inventory tracking methods may be ideal.