January 12, 2016 2:48 pm | Updated 3 years ago.
Technological improvement has paved the way for cloud and Software-as-a-service to develop the supply chain industry and also address the problems associated with it. Industry experts are skeptical because with the success of cloud deployment, the fear of failure has also increased. The challenge is to ensure smooth sailing of the new cloud deployment. The three things that have to be kept in mind is that laying out of specific goals is a must, the company must focus its interest towards achieving the set targets and finally to simplify its process so as to change with time.
Organizations should lay down specific and realistic goals such as reducing the purchase order time from 30 days to 3 days, streamlining spending on a specific category during a year. Target setting will help to keep everyone in the organization focused and on the right track. Processes should also be there to measure deviations from the set target. Organizations can also lay out an incentive plan to motivate teams to concentrate on the target. SaaS provides control and flexibility to change with the changing business conditions.
Cloud solutions will help streamline P2P and supply chain processes by adding value to the business. Investment in terms of time and money are a prerequisite for its success.