Cloud Fosters a Collaborative Retail Ecosystem
Retailers need to develop a partner ecosystem of suppliers, manufacturers, distributors, and logistics providers on the cloud to become more agile and responsive, according to Santhosh Subramaniam, Associate Vice President, Infosys. In an article published by Express Computer, he shares how the cloud enables retailers to enhance supply chain efficiency:
Sense and Respond
Supply chain partners can better respond to dynamic events when equipped with real-time product demand and supply updates. For instance, a supply chain delay impacting production can be mitigated by using an alternative supplier to prevent disruption.
Manage Inventory
Retailers can replenish stock in advance with enhanced visibility into inventory at warehouses. The cloud enables a single version of truth and fosters deeper collaboration among distribution partners to better serve customers.
Make Informed Decisions
The cloud stores a vast trove of real-time data, which can be harnessed to identify patterns and mitigate risks for actionable business intelligence.
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How Cloud Optimizes Retail Supply Chain Efficiency through Networks
