SCM market is poised for a double-digit growth for the next 6 to 8 years and Wipro has to capture this momentum to increase its share. With a combination of tech platforms, new age solutions, automation and consumer insights driven approach, this space will go through a rapid transformation.
In the current international business environment, heightened customer expectations impact every part of the supply chain. At the same time, next-generation delivery and logistics management solutions are making global supply chains smarter, faster, more customer centric, and sustainable.
Supply chain integration is an increasing focus for large companies. Wipro has good capabilities across domains and practices but is currently adopting a fragmented, reactive approach in tapping opportunities in this space.
There is a need to create an integrated SCM framework, deep diving into scope and breadth and building offerings catering to the holistic SCM landscape. This strategic view would require integration within Wipro to build and seamlessly reuse IPs, assets, platforms, use cases, solutions and competencies across verticals and Geos.
This paper provides a comprehensive view on the SCM market, Wipro’s capabilities and a strategic perspective towards Integrated Supply Chain Management.
Integrated Supply Chain Management – At a Glance
Integrated supply chain management refers to an enterprise resource planning approach to supply chain management. A business facilitates relationships with all of its suppliers and manages all distribution and logistics activities through a centralized system rather than having multiple systems within the organization.
Levels of Supply Chain Management
Strategic - deals with future planning than in looking at market evaluation, capacity issues, new products, and technology changes. This is accomplished at the executive management level.
Tactical - involves a shorter planning cycle. It is more concerned demand planning, inventory planning, and supply planning. This is determined at a less senior level than Strategic SCM.
Operational - deals with current planning activities measured in at most weeks. It includes demand fulfillment, scheduling, production, transport, and monitoring.
Benefits of Supply Chain Integration
Better understanding of customers and better ability to serve them, reduced wasted material & time and redundancy in supplier function, More Cost effective & efficient with increased ROI and profit margins, keep up with demand and be more flexible to changing markets, Less risk and enhanced competitiveness. Get early warnings for problems anywhere in supply chain due to information sharing, better opportunity for investment when operating with collective power