As challenges for the manufacturing and retail industry globally remain difficult, the need for a resilient and agile supply chain network has never been greater. Vodacom Business has developed various digital solutions to help businesses achieve a true, connected supply chain network to improve efficiencies and withstand disruption and unpredicted hurdles in the future.
Today’s supply chain network is more complex than ever. It has become a digital ecosystem of suppliers, logistics companies, customers and other value chain partners that stretch across the globe. The supply chain network relies on the synchronised movement of thousands of interrelated parts to meet the ever-growing customer demand for better, more innovative products and on-time, low-cost delivery.
According to the World Economic Forum, there are more than four trillion consumer products made, shipped and sold globally every year. Yet end-to-end traceability of each item through its life cycle journey – from raw material to manufacturing to the consumer to recycling, resale or disposal – is still hugely challenging for most goods.
At Vodacom Business, we have assets which leverage key technologies such as cloud, the Internet of Things (IoT), big data, B2B integration and artificial intelligence (AI) that enable businesses to create an end-to-end connected supply chain network. This will allow businesses to create a landscape where they are able to access information and engage with their partners and customers from anywhere in the world, at any time across the entire supply chain network.
“We understand the complexities and challenges many businesses are facing in an ever-changing market landscape. We believe a connected supply chain network allows for greater operational visibility, making it easier for businesses to promptly adapt to any changes in the market. It’s very important to note that having a connected supply chain network is about getting all the parts of this ecosystem to correlate and effectively share the necessary data and insights needed to benefit all the parties in the supply chain network. At Vodacom Trading Bridge, we enable enterprises to create this connected network which allows them to increase resilience and minimise risk throughout their business operations,” says Pearl Masoga, Acting Managing Executive for Retail and FMCG at Vodacom Business.
Vodacom Trading Bridge, one of the key technologies that Vodacom Business will use to enable a connected supply chain network, is a platform enabling both large and small enterprises to digitise their supply chain network, enabling end to end visibility. The platform is quite vast in its operations, switching in excess of 84 million transactions to the value of R200 billion Rand per annum. By digitising their end-to-end supply chain system, businesses have 100% visibility and control of operations in real-time, as well as access to in-depth data insights to improve efficiencies and customer services.
With Vodacom Business, businesses that have a fully digital supply chain network also benefit from the Vodacom Business innovative financial services, such as automated invoicing, mobile payment transactions and lending to both supplier and merchant, as well as scalability and reach into Africa with partnerships such as M-Pesa.