Digital transformation of the supply chain equips companies to not only better coordinate across the supplier ecosystem but to also “see around the corners,” identifying leading indicators of the next disruption in order to better navigate through it. Point solutions alone are not sufficient. It’s the integration that truly brings value.
High tech organizations can adopt these four key steps to to minimize their supply chain disruptions:
Rebuild the data foundations to aggregate internal and external input.
Develop intelligent operations that use modern tools to harness that data, increasing visibility.
Upgrade talent strategies, developing workforces with the digitally integrated skill sets to extract insights from analytics.
Apply this framework to not only improve supply chain operations but to also support strategic decision-making across the organization.
Accenture helped its client identify cost savings of over $40 million, with a 25% improvement in ETA accuracy versus promised delivery, reduced transportation and delivery costs, and improved supplier relationships.
Initiating the transformation of the supply chain doesn’t have to be daunting. Companies can begin by taking these actions:
1. Start small
Remember, the company as a whole needs to keep operating during the transformation.
2. Define a north star
Align the digital agenda with the strategic business imperatives.
Identify use cases to develop a comprehensive roadmap and solution architecture.
Convert use cases into rapid prototypes to test and approve minimally viable products (MVPs).
Refine the process and then apply lessons learned to the larger implementation.
6. Build, test and deploy
Mobilize the proven MVPs, implementing the new ways of working and activating the new operating model.
Get ahead of next disruption
Preparing for the next disruption does not have to be daunting. Digitally transform the high tech supply chain by following the four steps above. The transformation can help support more informed, effective and timely decision-making. We can partner with you to prepare your organization to thrive in this new era.