For decades, forward-thinking supply chains were defined by how robust their investments into Enterprise Resource Planning (ERP) and Product Lifecycle Management (PLM) was. In the early days of supply chain digitization, these SCM software systems provided increased visibility and data pools to improve supply chain operations.
As time has gone on, antiquated ERPs and PLMs have become a drain on supply chain resources and a bottleneck to scalable digitization. As we look forward to the next-generation of the digital supply chain, businesses will need to invest in configurable supply chain management platforms to unify their current tech stack or displace investments into legacy systems.
Let’s define these three terms to create a clear understanding of what each system includes.
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