What is supply chain management?
Supply chain management (SCM) is the combination of creativity and science that goes into improving the way your company obtains and processes the components it needs to make a product or service and deliver it to its end-users. ITM Group works with clients to analyze, identify, measure, reorganize and improve their supply chain processes. This is accomplished through 5 key elements:
Plan - levels of aggregation and information sources
Source - partners, locations, and materials
Make - production sites, methods
Deliver - channels, inventory, readiness & deployment
Return - locations, methods, replace
Measuring the performance of your supply chain and comparing against internal and external industry goals is important. We use various methodologies to evaluate your supply chain’s health and performance based on:
Reliability - achievement of customer demand fulfillment on-time, complete, without damage etc.
Responsiveness - the time it takes to react to and fulfill customer demand
Agility - the ability of the supply chain to increase/decrease demand within a given planned period, minimizing excess or shortfalls
Cost - objective assessment of all components of supply chain cost
Assets - the assessment of all resources used to fulfill customer demand
Analytics - Using various analytics and modeling tools, we can forecast supply requirements and associated actions to help optimize your supply chain.
Our Blockchain Supply Chain platform will enhance your company's:
Like the most successful solutions, ITM Group is a consolidator of the best innovations. We merge various technologies like geo-tagging, RFID, sensors, AI + machine learning, the autonomous warehouse, and more to provide a world-class innovative platform whereby your global supply chain is more visible and secure than ever. Built on our Blockchain, ITM Group can create inherent and immutable trust between your suppliers and their vendors.
Imagine a scenario where a legal contract with your supplier(s) is inherently trickled down in digital form and abided by all the subcontractors in your supply chain. This includes more information on the "when, where, what, and how" of the supply process. Our platform can operate as a standalone for customers to build on top of or integrate into existing systems to adapt to, increase, broaden and scale capabilities, or be purpose built to address more specific needs.
Realized Results: A nearly fully autonomous and more secure supply chain, where data is more trustworthy, immutable, and resilient. Increase your readiness and fielding capabilities. Allow personnel and human assets to be more effectively and efficiently resourced.
Want more background on our blockchain technology? Download our whitepaper below.
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