Are you still into traditional supply chain management? If yes then you should know that your businesses will be adept at predicting how much supply is needed to fulfill the orders but…. You can fall short when it comes to anticipating unforeseen events. And that is why; digital transformation is one of the vital ingredients in improving supply chain resilience. Yes…digitalization offers real benefits and real costs-savings to those who take the leap. 

Digital transformation can enable your businesses to improve the supply chain operations and also build long-term resiliency by future-proofing your businesses ability to quickly adapt and recover from any kind of disruptions. 

Here is how digital transformation is boosting supply chain resilience and transforming the traditional supply chain.

Connected Supply Chain

The recent advancements in supply chain technology give companies real-time insights into asset status as well as the location. Smart logistics, like automated warehousing, cargo tracking and remote fleet management, can be very transformative. Cloud-based GPS and asset tracking can provide instant updates on geography, including the information on when cargo is in transit. Real-time tracking gauges transportation performance and delivery route inefficiencies as well. 

Demand-Driven Supply Chain Management

Embedded sensor technologies in demand driven supply chain management can monitor, collect and report information from the surrounding environment and respond to the remote instructions. Smart analysis of these data vastly improves the accuracy of demand forecasting and replenishment as well. 

Value Co-Creation

The new level of transparency and information sharing enables inter-company visibility into everything from inventory conditions, supply status and shipping delays to predicting shifts in demand. 

Meeting evolving Customer Expectations

Today’s customers have little to no tolerance towards delayed or incorrect orders, right from logistics and distribution in warehousing to order fulfillment and shipping. The digital order forms and online store fronts, allows remote communication with customers. By leveraging virtual or augmented reality tools, businesses can now even offer simulations of facility tours and showcase the new products or service offerings.

As supply chains are becoming increasingly connected it is becoming very evident how digitization can enable supply chains to be more resilient. By digitizing the supply chain strategy, one can leverage it as a driver of innovation; helping businesses secure a competitive advantage.

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