A supply chain management system is the specific branch of an organization that focuses on the entire flow of operations, from obtaining the raw materials and manufacturing the product to its delivery to the end customer. Supply chain management activities can be arranged as follows:
- Planning the resources
- Procurement of raw materials
- Manufacturing the product
- Delivering the product
- Handling returns and complaints by customers
The digital boom has influenced industries worldwide. Businesses, big or small, are trying to optimize their operations by using applications that can enhance the productivity and efficiency of different departments. So, why should operations and supply chain management be left behind?
Supply chain management software is a tool that helps in automating the entire supply chain flow from sourcing of products to their delivery to the end customer. Automation helps in improving the visibility of the entire supply chain real-time, thus keeping all the stakeholders on the same page. Supply chain software also helps in maintaining continuity of operations and addressing issues on time.
In this blog, we will explore the benefits of Certinia (FinancialForce) Supply Chain Management solution to manage the seamless flow of goods and services across the supply pipeline.
Why is Supply Chain Management Software Crucial for Businesses?
Supply chain management is a complex process, and many companies face the following challenges trying to optimize their SCM workflows:
- Bad Inventory Management– An excess or deficit in inventory can reduce sales and lower profit margins.
- Lack of Communication– In absence of effective communication, client issues are not solved on time.
- Inaccurate Sales Forecasting– Without a data-driven approach, predicting future sales options are impossible.
- Disintegrated Quote to Cash– Not having real-time insights into customer data can lead to inaccurate quotes and invoice errors.
The best supply chain management applications mitigate these risks and streamline the entire supply chain flow. An effective supply chain management tool automates repetitive tasks, reduces human errors, and provides greater visibility into customer data.
Studies reveal that businesses using enterprise supply chain management software gain a competitive edge in managing procurement, quotes, orders, inventory, and billing. This leads to enhanced customer satisfaction and a revenue gain for the organization.
Watch our webinar on “How to Streamline Purchase Order & Requisition in Certinia?” and get essential tips to utilize SCM to boost productivity.
Drawbacks of a Legacy SCM Software
Now we know that robust supply chain management software can help in the uninterrupted flow of products and services. However, it is imperative to choose the right SCM tool that can optimize the supply chain processes and functions. Legacy supply chain management solutions cause several pain points for organizations when it comes to implementation and maintenance.
The first and foremost drawback of traditional software for supply chain management is its high cost. Other limitations include different interfaces for vendors, suppliers, internal users and customers, inability to access data via multiple platforms, no real-time view of inventory, lack of collaboration between teams.
Another major drawback of the supply chain management system is the post-implementation maintenance. Many companies struggle to keep up with customer complaints and manage the return of products on time. Due to all these problems, companies cannot leverage the most out of their supply chain software thus failing to retain loyal customers.
Certinia (FinancialForce) SCM Software- The One-Stop Solution to all your Supply Chain Needs
If you are looking for supply chain management software that can maximize your operations and give you optimal ROI, Certinia’s (FinancialForce) Supply Chain Management tool is the answer. It is cloud-based and built on the Salesforce platform. This allows seamless integration with other applications and ensures multi-channel accessibility of the various supply chain functionalities.
Learn: How Certinia’s AI Reshaping Revenue & Supply Chain?
A supply chain management system hosted on cloud automates data entry and improves collaboration between different departments. It also brings businesses and consumers on the same platform ensuring greater visibility to the actual operations and improves decision-making.
With Certinia (FinancialForce) SCM, you can customize business workflows as per the requirements of the organization. You can also assign user roles based on hierarchy, geography, responsibilities, and products. Certinia (FinancialForce) Supply Chain tool, helps in maintaining the accuracy of pricing by automating customer discounts and markup schedules.
Top 5 Reasons to Consider Certinia (FinancialForce) Supply Chain Management Software
When it comes to supply chain management software comparison, Certinia (FinancialForce) SCM scores an edge over the other available applications. Let us see how:
1. Enhanced Collaboration
A rigid supply chain with disconnected vendors, suppliers, manufacturers, and other stakeholders, cannot meet the customer requirements or speed up the demand and supply process. Certinia (FinancialForce) Supply Chain Management tool helps in improving collaboration between different departments by providing real-time access to data including tracking orders, managing inventory, and locating suppliers.
2. Improved Visibility
Limited access to supply chain operations due to disparate systems creates an information void. This leads to a total lack of understanding of the actual scenario and inability to track supply chain performance. Automated software for supply chain management provides a greater visibility into inventory, suppliers, and cash flow. With Certinia (FinancialForce) SCM, you can keep a continuous check on your supply chain processes and reduce potential risks faster.
3. Increased Compliance
Many companies fail to follow the dynamic compliance regulations related to quality, procurement, and sustainability of the products with traditional supply chain execution software. This may lead to companies being subjected to heavy penalties which in turn can take a toll on the brand reputation and cause customer churn. Certinia (FinancialForce) Supply Chain Management system helps organizations adhere to compliance protocols related to sourcing the raw materials, meeting specific standards and the final documentation of procurement, inventory, and invoices.
4. Unified Interface
A Supply Chain tool with different interfaces for vendors, suppliers, manufacturers, distributors, and customers can be confusing. A multi-interface supply chain portal creates a lack of transparency between stakeholders leading to erroneous data. Certinia (FinancialForce) is the best supply chain management software that provides ease of use to the customer, vendors, inventory, and sales by maintaining a single user interface across different platforms and devices.
5. Budget Friendly
The supply chain operations of a company have high costs in managing the activities like planning, sourcing, manufacturing, and distributing the products. Cost overruns can also occur due to environmental factors, delays in delivery, excess inventory and in payment stalls by customers. Certinia (FinancialForce) supply chain management software provides a data-driven approach with a real-time view of the different supply chain activities. This helps in predicting and solving issues on time and maximizing ROI.
How can Businesses Benefit from Certinia’s (FinancialForce) SCM?
Certinia (FinancialForce) supply chain management software streamlines the entire supply chain operations including production, distribution, financial management, logistics and IT. The best takeaway of Certinia (FinancialForce) is that it is built on the Salesforce CRM platform. This helps businesses maintain all the supply chain operations like quotes, order, inventory, and contracts in a single application and get a real-time view of critical data and workflows.
Certinia (FinancialForce) offers out-of-the-box solutions that are cost-effective and compliant. The best supply chain management software enhances the productivity of an organization by providing a transparent view of the supply chain operations. Real-time tracking of financial data helps to make insightful decisions that can drive productivity for the organization. A data-driven approach also helps in identifying previous orders and predicting future opportunities.
The supply chain management software improves collaboration across different departments. Certinia (FinancialForce) SCM brings different departments into a unified platform providing greater visibility and improving work efficiency among teams. Automated updating of data and real-time access reduces errors and gives a better understanding of the supply chain pipeline. This helps to make smart business decisions that drives ROI for organizations.
Summing up
Accurate decision-making is the key for businesses to thrive in a highly competitive market. Certinia (FinancialForce) SCM software is a customer-centric tool that is built on the Salesforce platform. With Certinia (FinancialForce) SCM, you can make your supply chain operations seamless by bringing inventory, suppliers, cash, and quotes under a single umbrella. At AblyPro, we offer Certinia (FinancialForce) Supply Chain Management implementation and managed services.
Get in touch with our experts today to gain the best benefits of your Supply Chain Management software and watch your business grow by leaps and bounds.
Author
Certinia Solutions Consultant
Jason Luu is our Certinia Solutions Consultant at AblyPro. With over 7 years of professional experience and specializes in Certinia ERP implementation. His areas of expertise include Salesforce and Certinia products such as Supply Chain Management, Certinia Accounting, Conga, and the Canadian/American construction industries. Jason has demonstrated proficiency in understanding business requirements, meeting project deadlines, gathering critical information, and managing unforeseen changes in his role. His extensive experience enables him to assist all business user groups in efficiently and effectively achieving their desired objectives.
