The latest trends of digitization are actively transforming every facet of the distribution and logistics industry and making way for a hassle-free, better tomorrow. This change revolves around a set of technologies that make basic business operations more credible, efficient and most importantly, consumer-centric. In-depth data analytics and process automation along with advanced digital technologies simplify the process of demand forecasting and distribution. The primary objective of the change is to implement technological intelligence into the courses of material procurement, manufacturing and supply chain management and comply with the current insights and market expectations. Digitizing these processes amplifies the productivity, security and transparency of the supply chain and streamlines decision-making.
Why Virtual Integration for Distribution Industry?
Virtual Integration of supply chains is responsible for generating real-time insights and visibility across the entire distribution network necessary for optimizing operations. This prompts the distributors to sign up for more proactive roles such as monitoring inventory demand, delineating hidden patterns in the supply chain, making use of newer technologies, and scanning the freight and resultantly, gain a competitive edge.
Control Over the Value Chain
Through virtual integration of supply chains, distributors and retailers have a clear picture of the recent activities and gain more control over the way the products are curated, advertised and sold in the market.
Cost Reduction
In virtual integration, a single entity manages the entire distribution process and leads to optimal resource utilization, lower transportation costs and reduced wastes at every stage.
Operational Efficiency
The latest business models and multi-layered supply chains when paired with the advanced technologies allow users to access real-time data from anywhere and at any time and enhance operational efficiency.
Competitive Advantage
Although environmental uncertainty might initially appear to be a threat, virtual integration and supplier responsiveness could convert this into a competitive edge abetted by cost advantage and manufacturing flexibility.