Have you ever wondered what the world would be like without supply chain integration? It would be unorganized and inefficient. Businesses would not make it too long in their specific industries. Since they rely on supply chain integration to provide higher levels of customer service, they won’t be able to meet their sales and profit margins. In short, companies will run out of business and the world will be decades behind what it has achieved now.
Without supply chain integration, businesses won’t be able to respond to the changes in customer demands and actions of their competitors rapidly, which could block innovation. Since businesses gather intelligence through the supply chain, they will not be aware of what their competitors are planning in advance and won’t be able to do something to counter them.
Supply chain integration improves inventory management. Without it, businesses will have more overstocked conditions, which could lead to product obsolescence and high storage costs. They will also experience understocking in which they could lose their customers to their competitors. Companies could also have higher cost structure if they don’t have a tightly integrated supply chain. This could result in lower profit margins. Without c-commerce, small businesses won’t be able to compete with large companies.
Without collaborative commerce, the business world could be in chaos. Companies will not have visibility over the supplier’s operations as well as theirs. They will have higher expenses and lesser driving margins. In conclusion, fewer businesses will have survived.