Do You Have The Right Supply Chain Technology Partner?

As a business owner, you know things are constantly changing and most likely, your business is a lot different now than it was when you first started. An important factor to consider is your supply chain technology partner. Although they were fine and fully capable in the beginning, you need to think about your current and future business needs. It might be time to look for a new supply chain technology partner, one that can better meet the needs of your ever-changing business. This blog post will cover useful tips from our infographic that will help you choose the ideal partner to meet all of your business needs.

Define Your Business

Before you can look for a supply chain technology partner, you need to define your business. You should detail how your business functions and the processes you go through to ensure everything runs smoothly. Also, document the challenges you face and any solutions you found useful to help overcome those challenges. It’s important to note the objectives you need to accomplish as well. All of these things will give you better understanding of what your business needs to succeed.

Outline Criteria

Now that you’ve defined your business, you need to define your ideal supply chain technology partner. Create a list of things you want your partner to have. It’s helpful to organize your list into “must-have” requirements verses preferred requirements. Also, make sure the supply chain partner you’re looking for understands your unique business process, terminology and ecosystem. Having prior industry experience indicates that your potential partner understands that every business is different.

Experience with the Entire Supply Chain

Many technology firms claim to be masters of the supply chain, but some only focus their solutions on a specific part of the supply chain. This can be devastating because it can leave certain problems facing your supply chain left unaddressed. Also, having multiple partners who offer different services can be expensive, confusing and frustrating. Consider a partner who understands the entire supply chain and can offer several needs. It will simplify communication and project management.

The Importance of the Supply Chain

The supply chain is one of the most important aspects of your business and having the right technology partner can determine your success. Understanding your current and future business needs alongside setting clear goals and exceptions will ease the process of selecting a partner. Although we covered some key information on the partner selection process, these are just a few of the tips we suggest.

Download our infographic to see all 12 tips so that you can be sure you are selecting the best supply chain technology partner for your business.