oboloo

oboloo Glossary

Cloud Based Supply Chain

oboloo Glossary

Cloud Based Supply Chain

Cloud Based Supply Chain Definition

A cloud-based supply chain is a digital infrastructure that enables the flow of information and resources between suppliers, manufacturers, logistics service providers, and retailers. The cloud makes it possible to connect all participants in the supply chain and share information in real time, which leads to better coordination and collaboration.

The cloud has transformed supply chains by making them more agile and responsive to changes in demand. In the past, supply chains were often slow to react to changes in consumer behavior because of the complex web of relationships between different suppliers, manufacturers, and retailers. But with the advent of cloud-based solutions, all participants in the supply chain can now access the same information and make decisions based on real-time data.

This agility is a major advantage of cloud-based supply chains over traditional ones. In today’s rapidly changing world, being able to respond quickly to changes in consumer demand is critical for businesses to stay ahead of the competition. The cloud gives organizations the flexibility they need to quickly adapt their supply chains to meet changing demands.

Another advantage of cloud-based supply chains is that they are more cost-effective than traditional ones. With traditional supply chains, each participant typically maintains its own IT infrastructure, which can be costly to set up and maintain. But with a cloud-based solution, all participants share the same infrastructure, which reduces costs for everyone involved.

The benefits of cloud-based supply chains have led many organizations to adopt this new

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971