Sep 15, 2020 | Industry
Everyone knows that one guy - we’ll call him Roger - who’s a whiz with computers. Wary, but hoping that he knows more than them, many start-up freight forwarders, 3PLs, and other new supply chain businesses go the route of having “Roger” set up a basic supply chain system to help keep records and organize invoices, customers, and shipments.
True to his word, Roger is indeed a whiz with computers. Perhaps he has concocted some fancy spreadsheets, full of macros and formulas. Perhaps it’s a custom database that he has designed just the way you wanted it. But now, it’s a decade later, and your business has grown. Times have changed. Technology has evolved. And, suddenly, it is readily evident that your homegrown supply chain management software is holding you back from hitting the next level of supply chain control that you need to remain competitive.
Let's explore the indicators that show that your homegrown supply chain software is holding you back, and the steps you can take to make the most of modern supply chain software and automation technology to optimize all aspects of your business.
Perhaps you’ve spent countless hours working with the ultimate spreadsheet that holds every detail of your company. Maybe you’ve invested endless nights in maintaining a custom shipping infrastructure to get goods into the hands of waiting customers. You know the ins and outs of your current tools like the back of your hand. You know their pitfalls and how to sidestep them. You’ve been letting that system creak along as you begin to learn about and assess the efficacy of new supply chain software options.
Whether you’ve been suffering from analysis paralysis or you haven’t been able to justify the investment in new supply chain management software, you are not alone. When it comes to the adoption of new technologies, most people employ a cautious approach. Indeed, a scant 16 percent of the population would be categorized as early adopters of new technology, with the vast majority of us preferring to observe a given technology over time before adopting it as our own.
Failure to adopt a modern supply chain solution can hold businesses back from reaching their true potential. Business success in the new COVID-19 environment means reevaluating existing supply chain technology and equipping yourself to be more agile and resilient than ever. The right software can keep products from being left behind on the warehouse dock, help you build a loyal customer base, and even prevent profit from leaking out the door through avoidable errors or operational inefficiencies.
While upgrading logistics software does come at a cost, the price of not taking action can take a greater toll on a business’ bottom line than any infrastructure investment. Still, it is understandable why some entrepreneurs might hesitate to pull the trigger on such asset improvement costs. When the following indicators begin creeping up, it’s time to allocate the resources to consider your options among supply chain software companies to modernize your supply chain solution.
An efficient supply chain solution is the bedrock of a company's success. Indeed, nearly four-fifths of high-performing supply chain businesses show significant revenue generation above the average business. The ultimate goal of any logistics business is the efficient movement of products towards the hands of eager consumers. From farm-to-fork or warehouse-to-front porch, an efficient supply chain is paramount to getting goods where they need to go, and modern supply chain software delivers that efficiently.
Is your homegrown supply chain software solution holding your company back from higher success? An efficient supply chain management software solution is the result of a logistics software upgrade, so if you are showing the aforementioned warning signs of an inefficient supply chain, you should consider revamping your existing system.
Request a demo to learn how Magaya optimizes every aspect of your business with modern supply chain software and automation technology!