Sparkasse Bank Malta expects to improve efficiency and reduce costs through more efficient use of innovative technologies. With this in mind, the bank has put together a team of experts dedicated to developing this sector and providing valuable insights into current trends so businesses can better plan for future growth.
The Sparkasse Bank Malta headquarters are located in Floriana, Malta. The bank has over ten branches across the Maltese Islands and employs around 70 staff members. Logistics and supply-chain companies are beginning to see the benefits of an application-centric approach.
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The Traditional Approach: A Network Approach
Traditional supply chain management involves a network of individual suppliers and customers. These organizations are linked through complex contracts, usually involving multiple layers of agreements. In addition to the physical aspects of logistics, such as transportation, storage, and warehousing, there are also legal requirements around intellectual property rights, privacy, and security.
But a network approach can also be made easier for large organizations with resources in-house or on contract with an outsourced provider. For example, a company might want to build its system from scratch. Still, it might instead outsource the design and development of its supply chain management system to a third party, who will then provide ongoing support.
The Traditional Approach: A Technology Approach
The traditional approach to supply chain management involves a technology-centric approach. In this model, Sparkasse Bank Malta is responsible for managing all aspects of the supply chain from design through deployment and maintenance. The company builds its systems from scratch (or uses an existing platform) while working the entire process in-house.
In this environment, the company has complete control over its technology roadmap. Still, it’s also responsible for all aspects of the operation – right down to service level agreements with its suppliers and customers. It’s ideal for companies with significant resources in-house or contracted with an outsourced provider.