Managing a supply chain involves many important steps, including sourcing raw materials, making purchases, manufacturing goods, storing inventory, handling logistics, and delivering finished products to customers. Coordinating all these activities smoothly is essential to keep costs low, boost efficiency, and ensure customers receive their products on time.

Modern supply chains have become more complex due to globalisation. Companies often work with suppliers from multiple countries and must respond to changing market conditions, fluctuating customer demands, and unexpected events such as natural disasters or political disruptions. Managing these complexities manually or through disconnected systems can lead to delays, mistakes, and higher expenses.

SPEND360° by Hoicko is a powerful, cloud-based solution built to address these challenges. It gives businesses complete, real-time control and visibility over their entire supply chain—from sourcing and procurement to warehousing, logistics, and final delivery. SPEND360° integrates seamlessly with your current software systems, consolidating all essential data and activities on one unified platform.

• Predict customer demand with greater accuracy by analyzing both historical and real-time data
• Optimize inventory levels to avoid costs tied to excess or insufficient stock
• Enhance collaboration with suppliers to ensure timely procurement and reduce delays
• Streamline warehouse operations, including space utilisation and order fulfilment.
• Plan and optimize transportation routes to reduce delivery times and costs
• Detect risks early and prepare contingency plans to avoid disruptions
• Improve overall customer service through faster deliveries and real-time updates

Key Benefits of SPEND360°

Predict Customer Demand More Accurately

• What it is: Instead of guessing what customers will buy, our system uses smart technology to analyse past sales and current trends.
• Why it matters: This helps you stock the right amount of product, so you don’t waste money on items that don't sell or lose sales because popular items are out of stock.

Optimize Your Inventory

• What it is: SPEND360° helps you find that perfect balance—not too much stock and not too little.
• Why it matters: You'll lower your storage costs and avoid having your cash tied up in excess inventory. It ensures you have what you need exactly when you need it.

Improve Teamwork with Suppliers

• What it is: The platform creates a shared, easy-to-use space for you and your suppliers to communicate, track orders, and manage deliveries.
• Why it matters: This smooth collaboration means fewer delays, more reliable delivery times, and a stronger partnership with your suppliers.

Streamline Warehouse and Shipping

• What it is: SPEND360° helps you organise your warehouse for faster packing and plans the smartest, most cost-effective delivery routes.
• Why it matters: This reduces your operational costs and gets products to your customers faster, improving their experience.

Plan Ahead for Risks

• What it is: The system acts like an early warning system, spotting potential problems like shipping delays or supplier issues before they impact your business.
• Why it matters: This gives you time to create a backup plan, so your business can continue running smoothly even when unexpected events occur.

Enhance Financial Accuracy with SAP Integration

• What it is: By connecting directly with your SAP system, all financial data—like purchase orders and invoices—is automatically synced.
• Why it matters: This eliminates manual data entry errors, simplifies your accounting, and gives you a trustworthy, real-time view of your supply chain finances.

Deliver Better Customer Service

• What it is: When your supply chain runs smoothly, your customers feel it. They get their orders on time and can receive real-time updates.
• Why it matters: Fast, reliable service builds customer trust and loyalty, encouraging them to come back again and again.