10. Collaboration Portals
In addition to providing a hub for procurement, modern supply chain monitoring tools
also allow companies and their suppliers to collaborate in other ways through a designated
portal.
Supply chain portals
can eliminate several collaboration challenges including
communication issues, bottlenecks in requisition and order, and other issues.
11. Security Features
There‘s another element of SCM software that‘s focused squarely on security. Data theft
can cause you to lose your position in the market as well as damage your relationships with
suppliers. For instance, if your demand forecasts were stolen, your competitors would then have
insight into the interests and preferences of your customers. This would enable other companies
more effectively to sell to your market, reducing your profit. If financial data is stolen, you may
lose the trust of the parties affected such as consumers or business partners.
In order to prevent these security failures, implementing defensive tools is a must. Most vendors
today offer security assurances to let their clients know what efforts have been made to safeguard
their information. These might include avoiding third-party vendors with low security standards,
forbidding backdoor creation, aggressive patch management and response procedures in the case
of a breach.
There are also security measures your company can take in order to further protect your
data. For example, dashboard reporting can be restricted based on the user to ensure only
approved personnel have access to certain company data. Many solutions also allow a system
administrator to set file permissions. Further, you can integrate biometric devices to provide
further accountability.
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