Low-Code Technology in Supply Chain Management
Leading companies are achieving rapid-cycle innovation through the implementation of low-code tools. 73% of them, to be exact, rely on low-code business application development platforms to unlock dual-track transformation throughout the business.
This rings true for your supply chain, especially. With low-code, the people who know your supply chain best can build business applications that can modernize and automate all of your unique workflows and processes. Whether it manages which suppliers are qualified for your company to work with or handles supplier and vender contract renewals, migrating these processes from outdated, manual-work-intensive systems to low-code not only mitigates errors, but saves your business time and money. You can set up applications that automatically notify stakeholders to take action on projects as they are needed, or automatically pull data to build real-time reports.
Even though they can be built by citizen developers without a technical software development background, these applications can be sophisticated enough to keep up with high-speed business functions. Many low-code platforms can integrate with and extend the traditional legacy systems that your supply chain relies on to function, such as your ERP. By connecting these disparate systems, your low-code applications become a single-source of truth for all essential data and information. This data is updated in real-time, providing the people in your business with full visibility into the status of contracts, inventory, deliveries, and more.
But what sets low-code apart as the best technological tool to drive rapid-cycle innovation is that it is fully customizable. Every feature of the applications you build – from the data fields to the user dashboards to the administrative controls – can be adapted to fit the unique needs of your business. And what’s more, these can be continuously iterated on and changed as your production changes, your processes improve, and ultimately, your business scales.