Demystifying Supply Chain Digitization

In the Third Wave of Digital, known as Digital HyperExpansion, more businesses are becoming aware of the significant role digital plays in supply chains and the myriad of benefits—streamlined operations, increased production uptime, and cost savings, among others. However, there is more to supply chain digitization than just eliminating paper-and-pen methods or automating some tasks like demand forecasting. 

In these volatile times, businesses must adopt a more holistic transformation approach to the supply chain, with the expansion of digital capabilities at the heart of the strategy. Investments need to be made in more advanced digital capabilities like AI and machine learning, big data analytics, API and microservices, and digital control towers. These disruptive technologies are capable of making even the most complex supply chains fully integrated with end-to-end, real-time connectivity. 

These capabilities allow for more efficient supply chain management with minimal human intervention. They enable the availability of information pertaining to performance, issues, and gaps in the supply chain and its underlying processes. This intelligence helps improve the management of supply and demand planning, inventory levels, resource planning, cash flow, resource planning, and more. 

This guide will help you embrace a 'Digital HyperExpansion' mindset to create a high-performing digital supply chain, which brings tangible business value and is resilient in the face of crisis.