At present, the power and potential of M2M has been addressed the needed support of today's complex supply chain collaboration amongst partners on the retail, manufacturing and wholesale sectors. At this point in time, many enterprises are now migrating to supply chain web-based solutions to lower the cost of operating expenses.
M2M (short for machine to machine, man to machine and mobile to machine) refers to the leveraging of machine connectivity, communications and information technology to automate and enhance business processes and enable or enhance value added-services. M2M solutions accomplish these by successfully integrating company assets with existing IT systems, thereby, facilitating the gathering and sharing of real time information from every level of the organization.
When deployed for the purpose of streamlining and improving the enterprise supply chain, M2M solutions provides measurable ROI by establishing closer relationships between customers and suppliers and providing real time visibility into key performance indicators.
M2M Services , whose business is to provide electronic business document exchange via the web, is using international document standards such as ebXML, RosettaNet/EAN.UCC. With M2M Services, companies reduce their communication costs for business documents, increase the quality of the information exchange and furthermore strongly increase the efficiency in business.
The goal of M2M in the supply chain is to enable easiest and most affordable way to achieve collaboration between traders. In this regard, M2M Services solutions built on technology utilizing open standards and employs not only wired technology, but also wireless, which offer some distinct advantages in the supply chain applications.
As a member of ECR, M2M Services mission is to help companies bring down their supply chain cost by reducing inventory by 30 percent, increase turnover by 30 percent and order accuracy to 99 percent, reduce order processing cost by 90 percent, lower cost on transportation and to establish one connection to all business partners. Indeed, according to Gartner presentation Optimizing Fulfillment Through Supply Chain Execution , “Through 2004, enterprises that provide customers and trading partners with visibility of orders, shipments and events across the supply chain will experience a 15 percent increase in profitability because they will be able to reduce inventory while increasing customer satisfaction.” |
|
| Past News & Event Articles |
|
|
