Enhancing The Value Network With Cloud Processes

In todays highly competitive and complex business environment that is made up of

your partners and their pertinent systems, it is particularly complicated to accomplish the best possible control and efficiency in a value network. Consisting of a series of activities that create and build value, the value chain is a systematic approach to examining the development of a competitive advantage. Evolving beyond individual firms, the value chain can apply to the whole supply chain and distribution network. Value network ideally includes a number of business processes carried out by the many collaborating partners.

While IT is responsible for bringing about a tremendous change in the way businesses are collaborating with partners, it is no doubt that effective collaboration is highly essential across value network for hyper connected organizations. Managing the widely-distributed, business-critical resources in the value network is not possible with the usual conventional processes and tools. There are a challenges that a business faces and that includes poor transparency, difficulty in synchronization of activities that result in inflated costs, lack of organization, lack of responsibility of products beyond the point of sale, depending on IT-supported manual administration, to name a few.

With cloud processes, many of these challenges are overcome. To take control and manage their value networks, many organizations today use cloud computing. Cloud Processes integrate and automate the business processes of the entire value network across partners and the systems they use. Providing end-to-end visibility of the complete value network based on real-time information at the operational, tactical, and strategic levels, cloud processes also offer access to all key master information, regardless of whether it resides inside or outside your own network. Cloud processes are the perfect solution as they provide businesses with the agility that is required to handle todays volatile, complex, and super interconnected globalized markets.

Automated cloud processes can be custom-built to specific customer requirements. While they take responsibility for many of their products far beyond the point of sale, they also they are responsible for the recycling and return of worn out goods in some cases.

An automated procurement and purchasing process integrates a companys buyers with its suppliers together with the relevant IT systems on both sides. Together, these elements constitute the companys value network of collaborating partners. This improves your organizational efficiency and reduces the administrative costs of all steps in the procurement process. It significantly enhances your companys control over procurement activities at all levels. True e-procurement is beyond traditional purchase order software and post award management. Maximize your Value Network, strengthen the free movement of people, goods, capital, and services in the global marketplace; independent of language, geography, or business sector; with the use of Cloud Processes.

by: brianwarren

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