Using Cloud-Based ERP Solutions for Real-Time Supply Chain Visibility and Decision-Making

Abstract

ABSTRACT: Today, with the rapid development of business, it is very important for companies to be able to monitor and respond to supply chain events within real time to keep business units in the industry running and competitive. However, one strongly feels that to achieve this level of visibility, cloud-based Enterprise Resource Planning (ERP) solutions are a necessary tool to streamline the supply chain process and improve the capability to make excellent business decisions. The aim of this study is to understand the significance of use of cloud-based ERP solutions to supply chain visibility and how it impacts business performance. Using a literature review and detailed case studies, we examine the benefits, limitations and benefits of best practices for the adoption and use of these solutions. This shows the great practical value of utilizing cloud-based ERP systems in terms of advantages like responsiveness, data quality, and operational agility. It presents important conditions for implementation success that can benefit companies aiming at improving supply chain operations and maintain healthy competitiveness on a market that has become more and more volatile.