Supply Chain Business Process Management
E-commerce Logistics firms like Amazon, Flipkart, Myntra, Paytm, etc. have a well-defined automated “Supply Chain” system that has made life simpler. Aligning Supply chain operational execution requires a better Management of such automated process which we call “Business Process Management”.
In this article further, we will first understand about supply chain and BPM separately and then try to find a correlation between the two.
What is Supply Chain?
Supply chain management is defined as the design, planning, execution, and monitoring of SCM activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand, and measuring performance globally. SCM includes areas of operations management, logistics, procurement, and information technology, and strives for an integrated approach.
What is Business Process Management?
Business process management (BPM) is the discipline of improving a business process from end to end by analyzing it, modeling how it works in different scenarios, executing improvements, monitoring the improved process, and continually optimizing it.
Using BPM to meet today’s Supply chain challenges
A well-defined business process helps to meet below supply chain and logistic challenges.
- Aligning Supply Chain Process Performance to Business Strategy
- Increasing Operating Efficiency in order to support growth targets
- Minimizing Errors and Speeding up Processes to Save Time and Money
- Managing by Process can Increase Visibility Across Suppliers and Partners
- Process Measurement and Monitoring
- Business Value
Business process management (BPM) can help enterprises view their supply chains comprehensively and optimize them for better performance. BPM can provide those benefits not just throughout an individual enterprise, but to outside suppliers, partners, and other key parties as well. Ultimately, BPM can improve efficiency, visibility, control, and accountability throughout the entire supply chain.