Supply Chain Management (SCM) is a corner stone of many large industries. Large multinationals increasingly bank on their supply chain as a competitive advantage to gain market share and improve profitability. This has ensured that investment and focus on this area is on the rise. Excellence in SCM is moving toward becoming a pre-requisite in the strategic direction that a company takes, the end result of which is increased value to all stake holders.

The major concern of Supply Chain Management is managing the uncertainty and volatility that could arise due to a multitude of factors. The trend is for companies to adopt a demand-driven focus of trying to influence and manage demand more efficiently. The demand driven approach integrates operational efficiency of the company with a customer focused mindset. Globalization, with advances in technology and communication, has ensured that the business landscape is more global. This in turn makes it imperative to have the right supply chain model. There is also an upswing in the outsourcing of SCM, either all or parts of it. Competition in the global marketplace and the price pressures has forced companies to rethink their supply chain to make it competitive and cost effective.

For any company with an extensive product line, multiple global networks of vendors/suppliers is a given. A minor variation in demand forecast or even the minutest of data entry errors by even one vendor/supplier could have a magnified effect on the functioning of the entire supply chain and, in turn, on the costs incurred. In today’s market, with changing trends, varying customer choices and demand fluctuations, the need to forecast with pin point accuracy has never been more pressing. Survival of the fittest is the name of the game.

Payoda Technologies offers dynamic solutions for dynamic environments, resulting in dynamic supply chains, enabling you to accurately forecast demand and adapt to situations as they emerge. Our offerings would not only enable forecasting decisively, but also manage both inventory and working capital, hence also ensuring that demand and capacity are on the same pedestal.

Consulting on Lean Supply Chain Management: Lean supply chain management is not the exclusive domain of manufacturing companies. It is the answer for any business that wants to streamline their processes by eliminating waste and non-value added activities. Payoda, with its team of best in line experts can help your organization’s supply chain go lean.

RFID in Supply Chain Management: RFID can help optimize SCM. RFID technology helps companies provide the right product at the right place at the right time which in turn maximizes sales and profits. Lower costs, improved efficiency, better asset utilization, reduced inventory and counterfeits are all advantages. At Payoda, we have the requisite expertise to help your concern incorporate RFID technology.