The phenomenon of Software -as-a-Service, which is popularly known by its acronym SaaS has taken the supply chain industry by storm. SaaS is indeed going to become a key factor in the industry 4.0 due to the advantages it brings along with it.
The phenomenon of Software -as-a-Service, which is popularly known by its acronym SaaS has taken the supply chain industry by storm. SaaS is indeed going to become a key factor in the industry 4.0 due to the advantages it brings along with it. The modern tech boom coupled with the consumers’ demands of transparency and accessibility have resulted in the rise of SaaS and in the coming years SaaS would take a lion’s share in the supply chain providers’ investment in technology.
In today’s day and age, consumers have been empowered because of their easy access to internet. They have been armed with options and they are ready to explore all of them. Once they experience hassle or lack of transparency in any of their transactions, they would not hesitate in veering away from that particular company. Thus it is of optimum significance that companies invest in software that provides them the accessibility that they need. And it is exactly the reason why SaaS market has carved its own niche.
When a company subscribes to a SaaS vendor, they agree to store their data in the cloud space, instead of keeping manual records or in the generic spreadsheets. That data can be utilized and analysed to know the loopholes in operations, estimate future demands and to look into the solutions. While they reap the fruit of their investment, they simply need to subscribe to the software and work from any connected device. This facility is in stark contrast to the expenses they incur in on-premise, in-house applications.
In this write-up, we would try to enumerate the vantage points that the companies parch on if they make a shift to SaaS.
1. Low Cost: In the on-premise applications, companies play host to the server, software and hardware and they need to maintain and upkeep all of these. In SaaS, companies outsource all these functions to the vendors and can concentrate on solidifying their operational functions. Since they need not invest heavily on in-house systems, the profit margin also increases, giving these companies a win-win situation.
2. Scalability: Once the companies install on-premise systems, they need to invest a lot of money on upgrading them. On the other hand, SaaS providers armed with technological know-how upgrade and customize their service according to the suitability of the customers. The upkeep of the system is the responsibility of the vendor, which frees the beneficiaries from the onus of scaling their system.
3. Accessibility: While in-house systems need to be operated from the companies’ offices or operational grounds, SaaS can be operated from any remote location and is also hosted by online centralized location in the form of servers. Executives need not wait for directives from the higher rung of the organizations or reports from the bottom-line. The system can be accessed merely with any device that has internet connectivity and can be updated or notified from any location. This is particularly useful for the last-mile delivery agents who can notify the system of any change that has taken place.
4. Reliability: Companies that provide software-as-a-service are paid for data security and maintenance of the system. While managing the whole in-house system and giving complete visibility is a daunting task for any logistics service provider, SaaS providers have mastered the techniques of handling their service. It is their job and they are paid for it. Hence the companies need to hire, train and retain employees who would look after their own system. They simply follow the trajectory shown by the SaaS vendors and can work without any added hassle.
5. Security: Very often we come across news related to security breaches and hacking. In order to prevent these, companies with on-premise systems need to hire professionals to keep their data safe and clean. In SaaS providers, we can see a dedicated team who work round-the-clock so that sensitive data of their clients are processed securely.
This discussion tries to postulate the merits of software-as-a-service. Due to all these numerous benefits that the companies enjoy, they are making a switch to SaaS to let their business flourish.And it is in accordance with the digitization of the entire process that SaaS along with RFID and AI, ML, data twinning, internet of things have revolutionized the industry and have taken supply chain domain a few notches higher. In case, you haven’t yet automated your supply chain realm yet, the time has come to transform it in its entirety. Rattusapps has developed its highly scalable SaaS with the help of extensive research and expansive expertise. With RattusWMS as its pilot project, we make your warehousing experience hassle free and add value to your operations in manifold ways. Book a demo and experience the ways we bring change to your doorsteps and fingertips.