Businesses are always under pressure to improve their margins, reduce operational costs and improve efficiency. Various solutions and techniques are used to achieve these objectives. Supply chain integration is one such solution for businesses involved in product sales. Companies trading in products must integrate their supply chains to reduce costs, eliminate wastes and utilize their resources better. It helps shorten the product lifecycle because there are fewer supply chain links from the start to the end. There is better coordination between warehousing, transportation and delivery systems.
Organizations with better integration of supply chains respond faster to the market changes. They enjoy early mover advantage in the market. They have to consider both vertical and horizontal integration of the supply network. There are specific challenges in this process. These challenges must be solved in time using minimum resources. It requires support from trained and experienced professionals who specialize in this field.
