7 benefits of cloud computing for the supply chain

The migration of supply chain processes to cloud computing is a strategy increasingly adopted by companies. This movement became even more evident with the expansion of remote work in the last years.The benefits of the cloud for the supply chain are numerous – you will find the most important ones in this article – and have helped companies respond quickly to market changes.

To give you an idea of ​​the growth that lies ahead, cloud-based supply chain management solutions are expected to surpass $11 billion by 2023, according to estimates from market intelligence consultancy P&S Research.

Read on!

Why adopt cloud computing for the supply chain?

Increased competitiveness and productivity is the main reason why companies are migrating their purchasing operations to the cloud.

With a cloud solution, buyers have access to information from different locations and devices, which helps put any company ahead of its competitors. Another very relevant factor is the process automation.

But beyond the business-related aspects, there is an extra point: the adoption of cloud computing for the supply chain contributes to curbing global warming. After all, the optimization of IT infrastructures can reduce around 1 billion tons of CO2 by 2024, according to a study by International Data Corporation (IDC).

In other words, another way to strengthen the actions of ESG in the supply area and attract investors interested in sustainable businesses.

Benefits of cloud computing for the supply chain

1. Increases agility

To become a competitive company, you need to be agile.

Having a cloud solution for corporate purchasing processes will allow important decisions to be made based on information and analysis, and, consequently, more quickly.

Therefore, it is extremely important to recognize that digital transformation is a great ally.

2. Facilitates integration and collaboration

Shared and collaborative work is essential to make the purchasing area more productive and strategic.

The ease of sharing information and integrating people, teams and companies is one of the main benefits of cloud computing for the supply chain.

3. Allows for greater scalability

The term “scalability” is related to a company’s ability to meet increased demands without losing quality.

Adopting the cloud in B2B purchasing management ensures greater scalability (a more scalable infrastructure), because resources are easily adaptable to different scenarios.

A scalable supply chain integrates people, processes and technology, which is essential to gain agility and competitiveness in an increasingly dynamic market.

4. Increases the visibility of information

Increased visibility is significant when opting for a cloud computing solution, as data is updated in real time.

This factor also has a positive impact on the transparency of information, which favors compliance, collaboration between all parties involved in the supply chain and risk management in B2B purchasing management.

Furthermore, having quick access to data and KPIs is essential for more assertive decision-making and insights.

5. Automates purchasing processes and eliminates unnecessary costs

By adopting a cloud solution, such as e-Procurement of the Electronic Market, it is possible to digitize processes and eliminate costs generated by manual and decentralized processes.

Automating the purchasing cycle frees up teams to work intelligently, with short and long-term strategies, which, in addition to reducing unnecessary expenses, increases the competitive strength of companies.

Here on the blog, we have a post about how the e-Procurement automates purchasing management.

6. Reduces financial risks

In addition to considerably increasing companies' productivity, cloud solutions help to avoid financial losses in B2B purchases.

This is because, when adopting a SaaS or PaaS tool, the speed and availability of services have a positive impact on the economy of organizations.

7. Makes the company more sustainable

By adopting cloud solutions, it is possible to increase resource savings: printing and paper become very rare, for example.

There is also an increase in energy efficiency, as organizations do not need to invest in complex IT infrastructures.

Together, all these actions contribute to reducing greenhouse gases and their negative impacts on the climate and the environment.

Did you like this content? 😃

Share with your coworkers!

You can receive our news directly in your email, every week. Just sign up here!

Our
solutions

Our solutions

Ask for a
demonstration

Request a demo

Contact Us

Contact Us

© 2024 Mercado Eletronico. All rights reserved.