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DIGITAL TRANSFORMATION IN SUPPLY CHAIN: DEFINITION, EXAMPLES AND TIPS

 Digital transformation in supply chain is gradually becoming an integral part of business organizational structure and business model, contributing to the internalization of overall operations. However, many companies have been and are, surprisingly, seeming to have difficulty seizing this opportunity.

If you are learning for yourself a new way to make the most of digital transformation in supply chain management, you will need not only its benefits, how to apply it but also the difficulties that you will face in the future to avoid or have an immediate solution. Fortunately, all will be covered in this article. Whether you are a newbie or someone who is desperate about your steps, the information below will help you a lot.

Are you in? Good. Let’s begin and see what we can do for you.

What is digital transformation in supply chain?

The supply chain consists of a system of activities, departments, personnel, information, and resources involved in moving parts, products, or services from the manufacturer to the consumer.

Many people often think logistics and supply chain management are similar. However, in terms of functions and tasks most accurately, logistics is a part of the supply chain when it only ensures the efficient flow of goods but is not related to marketing, new product development, finance, and customer service like supply chain. In other words, supply chain management is the logistics combination between departments and between companies.

So what is digital transformation in supply chain?

Digital transformation in supply chain is the process of applying and integrating information, communication, computing, and connectivity technologies into supply chain operations, from inventory management, information storage to transportation and distribution.

A classic example of a successful digital supply chain is Amazon. The brand spends 12% of its revenue on innovation in technology, not just in its business operations but also in the supply chain. Robotics automation, drones, sensor-based monitoring, augmented reality, and artificial intelligence all give Amazon the lead in revenue growth in the consumption and retail supply chain.

Compared to the physical supply chain, the digital supply chain offers more benefits about flexibility, thereby reducing time and operating costs. Specifically, scroll down to the next part.

Why you need to plan on digital transformation in supply chain management

Digital transformation in supply chain, if leveraged well, will help increase business performance while solving many of the traditional model’s outstanding problems related to reliability, agility, and efficiency.

Read more: https://magenest.com/en/digital-transformation-in-supply-chain/

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