High tech manufacturers and suppliers face distinct business challenges in today's rapidly evolving global business scenario. The three fundamental goals driving this industry 1) rapid innovation in new product development 2) maximizing supply chain efficiency and 3) reducing overall manufacturing costs, have led in recent years, to the rise of fabless industries. The reduction in product lifecycles from 3-5 years to 12-18 months has further exacerbated pressures on Original Equipment manufacturers (OEM's) and Contract Manufacturers (CM's). A third predominant trend is the increase of geographically disparately located channel partners. Distributors and retailers spread across the world leads poor channel communications and lack of real-time visibility into channel sales performance and product movements, resulting in poor price and margin management.
According to a recent Aberdeen report, global expansion has led to growing supply chain complexity becoming the top business pressure (44%) faced by large enterprises. Some of the other challenges that High tech manufacturers face include:
- Managing inventory effectively - Improving supply chain operational speed - Increasing accuracy and timeliness of shipments - Reducing manufacturing and supply chain costs - Reducing order-to-delivery time
The need to move towards a more integrated and visible end-to-end supply chain, on the one hand, while managing multiple manufacturing and channel partners across the globe is the top challenge facing multichannel manufacturers. To stay competitive in the global market, companies need to:
- Increase their agility in responding to changing demands, delays and events - Enhance visibility into their logistics and distribution networks - Increase access to timely and accurate product and shipment information - Utilize dynamic business intelligence for informed decision making
The imperative to increase visibility in the global logistics and distribution network has a number of key drivers, as can be seen below:
The right enabling technology can give your company the tools it needs to meet and manage corporate goals and stay ahead of the competition.
The VSSOD Value Proposition
VSSOD provides secure, scalable and comprehensive solutions that integrate seamlessly with transactional data sources to provide context specific actionable information. VSSOD's paradigm of Exceptions First allows companies to focus on the identification and resolution of critical issues in real time. VSSOD's Business Agility Suite (BAS) solutions allow for increased visibility and integration across the finished goods supply chain.
VSSOD BAS solutions combine immediate exception identification in key business process areas for enhanced agility in responding to changing customer demands, unexpected order delays or other disruptions. VSSOD solutions also streamline processes for easier monitoring and enhanced usability and efficiency. BAS solutions are capable of: