{"id":10168,"date":"2022-04-26T09:06:02","date_gmt":"2022-04-26T16:06:02","guid":{"rendered":"https:\/\/www.qad.com\/blog\/?p=10168"},"modified":"2022-04-26T09:08:23","modified_gmt":"2022-04-26T16:08:23","slug":"3-questions-supply-chain-leaders-should-be-asking","status":"publish","type":"post","link":"https:\/\/www.qad.com\/blog\/2022\/04\/3-questions-supply-chain-leaders-should-be-asking","title":{"rendered":"3 Questions Supply Chain Leaders Should Be Asking"},"content":{"rendered":"

[vc_row][vc_column][vc_single_image image=”10169″ img_size=”full”][vc_column_text]The supply chain expo MODEX 2022 held last month included a keynote presentation highlighting the<\/span> 2022 MHI Annual Industry Report<\/span><\/a> \u201cEvolution to Revolution: Building the Supply Chains of Tomorrow.\u201d A critical report finding is the prediction that technology investments are expected to widely increase in response to supply chain disruptions.\u00a0<\/span><\/p>\n

The report includes this statistic:<\/span><\/p>\n

\u201cTwo-thirds of respondents expect their companies to spend more than $1 million on supply chain technologies over the next two years. Some of the more popular technologies among survey respondents were cloud computing, sensors and automatic identification, predictive and prescriptive analytics, and the industrial internet of things.\u201d<\/span><\/i><\/p>\n

In a <\/span>recent article<\/span><\/a> in <\/span>Supply and Demand Chain Executive<\/span><\/i> magazine, QAD Precision President Corey Rhodes recommends that supply chain leaders develop a proactive strategy that includes flexible technology to face the supply chain challenges manufacturers are facing today and will undoubtedly face in the future. He then proposes three critical questions chief supply chain officers (CSCOs) should be asking.<\/span><\/p>\n

What Technological Infrastructure Should Be in Place to Manage My Global Trade and Logistics Processes?<\/span><\/h2>\n

Supply chain leaders need digital solutions to store and manage the enormous amount of supply chain data coming in from suppliers and customers. They face the choice between on-premise servers\/solutions \u2013 which require extensive IT resources, capital expenditures and floor space, plus the means to mitigate potential security risks \u00ad\u2013 and cloud solutions. The popularity of cloud options has steadily grown because of their flexibility, scalability, lower maintenance and IT management requirements, and lower overall costs. This is because they often deliver improved performance and increased visibility across the organization.<\/span><\/p>\n

A major reason for the growing adoption of cloud solutions is the <\/span>data security<\/span><\/a> they deliver, especially in light of growing cybercrime. Implementing cloud solutions can enable businesses to:<\/span><\/p>\n