That’s the future order for supply chain operations. Today’s increasingly complex global operations and new digital technologies are giving rise to a sea of data and the evolution of a smarter, more efficient networked supply model. The modern digital supply network model will be powered by advanced analytics, which will be embedded throughout its entire operation—and without analytics, virtually inoperable.
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The pressure is on. Supply chain operations must gear up to adopt a modern digital supply network model enabled with advanced analytical capabilities—and fast.
From supply chain executives to line managers, the drum beat of digital grows louder, with increased internal and external pressure to implement digital technologies in the supply chain.
The adoption of analytics technologies, in particular, has already impacted and will have an increasingly significant impact on organizations’ supply chains across a multitude of industries.
The business case for the digital supply chain is evident. From automotive to pharmaceuticals to consumer packaged goods and more, companies are seeing tremendous benefits throughout the supply chain—from more accurate forecasting to reduced logistics costs.
With the volume of structured and unstructured data increasing globally, traditional supply chains that fail to evolve will become increasingly overwhelmed and eventually grind to a halt, or best case scenario, struggle along for a limited and uncertain future.
Digital Supply Network of the Future
More data. More opportunity. More complexity.
Despite increasing supply chain complexities, the data explosion presents many exciting business opportunities to gain deeper insights into market trends and digital consumer behaviors.
As the analytics market evolves, transformational impacts on supply chains are occurring across five key dimensions:
Big data does not equate to good data, and technologies now exist to efficiently capture, integrate, store and leverage supply chain data to gain relevant insights for competitive advantage.