The MSME sector has played a crucial part in the expansion of the Indian economy. Despite the evolution of the supply chain globally, a lot of MSMEs have still not fully embraced digitalization. This is crucial since technological advancements, and automation may help in reducing material and energy consumption while simultaneously enhancing the effectiveness and quality of company processes.
Modern logistics rely heavily on SaaS solutions. Its utility has increased from improving company procedures to guaranteeing supply chain transparency. Nowadays, businesses can outsource a variety of functions to the cloud, expanding its potential applications.
SaaS assists in the management of the supply chain while enhancing workflow, controlling the supply chain’s finances, enhancing data analysis, increasing supply chain transparency, and many more.
Businesses in India are evolving, but far more slowly than the world. The government has started several programmes and initiatives like the NMCP (National Manufacturing Competitiveness Programme), to help SMEs fill the skills gap digitally. It encourages SMEs to leverage ICT (information and communication technology), and other applications. This measure will have a networking impact that will raise awareness and acceptance of SaaS solutions among SMEs.
SaaS solutions enable SME enterprises to extend their operations while lowering infrastructure overheads, IT costs, and costs related to warehouse management and operations.