Date Published
March 21, 2023

How Important Is Supply Chain Management in the Cloud

Supply chain management has always been a crucial aspect of business operations. In recent years, with the rapid development of technology, supply chain management has evolved to become more complex, with a greater emphasis on collaboration, data analytics, and visibility. One technology that has enabled this transformation is the cloud. The AWS cloud, to be more precise.

In this article, we will explore the importance of supply chain management in the cloud.

As an AWS advanced partner that specialises in supply chain management, we’ve helped businesses to optimise their supply chain operations by leveraging the power of AWS cloud services. Firemind has worked with many businesses across different industries, from retail to healthcare, to improve their supply chain efficiency and effectiveness.

The Importance of Supply Chain Management in the Cloud

Supply chain management in the cloud is essential for several reasons. Firstly, it provides businesses with real-time visibility into their supply chain operations. With cloud-based supply chain management, businesses can access and analyze data in real-time, enabling them to make informed decisions quickly. Secondly, the cloud enables collaboration between different stakeholders in the supply chain. By having all stakeholders on the same platform, businesses can ensure that everyone is on the same page and have access to the same information. Finally, cloud-based supply chain management is scalable and flexible, enabling businesses to adapt quickly to changing market conditions and customer demands.

From our team, one of the biggest advantages of supply chain management in the cloud, is the ability to leverage specific AWS services. Here are our top services we regularly use with new supply chain customers:

Amazon Connect

Amazon Connect is a cloud-based contact center solution that enables businesses to provide excellent customer service. It provides businesses with a scalable, reliable, and cost-effective way to engage with customers. Amazon Connect integrates with other AWS services, such as Amazon S3, Amazon Lex, and Amazon Transcribe, enabling businesses to create intelligent chatbots and voice assistants that can interact with customers seamlessly.

From a supply chain management perspective, Amazon Connect can be used to improve communication between different stakeholders in the supply chain. For example, a retailer can use Amazon Connect to provide customer service to its customers, while also providing support to its suppliers and distributors. By having a centralised contact center, businesses can ensure that all stakeholders have access to the same information and can communicate effectively.

Recent statistics suggest that Amazon Connect is becoming an increasingly popular solution for businesses. According to AWS, Amazon Connect has seen a 100% year-over-year growth in minutes handled by the service. Additionally, a recent report by MarketsandMarkets predicts that the global cloud-based contact center market will grow from $11.5 billion in 2020 to $36.1 billion by 2025, representing a compound annual growth rate of over 25%.

Amazon S3 (Simple Storage Service)

Amazon S3 is a highly scalable, secure, and durable object storage service that is used by many supply chain companies to store and retrieve data, such as inventory records, customer information, and transactional data. S3 has over 220 trillion objects stored and over 3 million active customers as of 2022.

Amazon EC2 (Elastic Compute Cloud)

Amazon EC2 is a web service that provides resizable compute capacity in the cloud. Many supply chain companies use EC2 to deploy and manage applications, simulate complex supply chain scenarios, and perform other compute-intensive tasks. EC2 offers a wide range of instance types, including general-purpose, compute-optimised, memory-optimised, and GPU instances.

Amazon SQS (Simple Queue Service)

Amazon SQS is a message queuing service that is used by many supply chain companies to decouple and scale their distributed systems. SQS allows companies to send, store, and receive messages between different components of their supply chain systems, such as warehouse management systems, order processing systems, and transportation management systems.

Amazon RDS (Relational Database Service)

Amazon RDS is a fully managed relational database service that is used by many supply chain companies to store and manage their structured data, such as product catalogs, pricing information, and shipping records. RDS supports popular database engines such as MySQL, PostgreSQL, and Oracle, and provides automatic backups, automatic software patching, and automated scaling capabilities.

Overall, these AWS services provide supply chain companies with a robust and flexible infrastructure to build, manage, and scale their supply chain systems. The use of these services can help companies optimise their supply chain operations, reduce costs, and improve their overall performance. If you’d like to find out how Firemind can help realise the potential of your supply chain management, get in touch today.