Digital Supply Chain Transformation: Visualizing the Possibilities

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By Nada Sanders and Morgan Swink ·

January 8, 2019

Most, if not all, supply chain managers recognize that a digital revolution is overtaking supply chain management. It is fueled by three major trends.

Big Data. Data is being generated up and down the supply chain by transaction-based monitoring and enterprise systems, such as point of sale, RFID and ERP systems, as well as by unstructured data sources, including clickstreams, camera and surveillance footage, imagery, social media postings, blog/wiki entries and forum discussions.

Advances in computing. Enormous advances in computing power and intelligence are automating Big Data processing and analysis. Computing architectures such as cluster computing, Cloud computing and mobile computing have made storage, retrieval, analysis, sharing and distribution of data faster and cheaper.

Advances in robotics. In combination with advances in hardware and software, robotics and robotic process automation are quickly making the automation of manual and transactional processes cheaper and more reliable.

Because of these advances and the hype surrounding them, many supply chain leaders view digitization as a mandate for competition, yet first steps and an overall strategy are unclear. Important questions include:

  1. What is the “digital supply chain” in terms of its definition and core elements?
  2. What are the main opportunities and challenges?
  3. What are the key enabling technologies?
  4. Are we already behind? Where do companies really stand compared to the hype?
  5. How do we move forward?

 

By Nada Sanders and Morgan Swink ·

January 8, 2019

Most, if not all, supply chain managers recognize that a digital revolution is overtaking supply chain management. It is fueled by three major trends.

Big Data. Data is being generated up and down the supply chain by transaction-based monitoring and enterprise systems, such as point of sale, RFID and ERP systems, as well as by unstructured data sources, including clickstreams, camera and surveillance footage, imagery, social media postings, blog/wiki entries and forum discussions.

Advances in computing. Enormous advances in computing power and intelligence are automating Big Data processing and analysis. Computing architectures such as cluster computing, Cloud computing and mobile computing have made storage, retrieval, analysis, sharing and distribution of data faster and cheaper.

Advances in robotics. In combination with advances in hardware and software, robotics and robotic process automation are quickly making the automation of manual and transactional processes cheaper and more reliable.

Because of these advances and the hype surrounding them, many supply chain leaders view digitization as a mandate for competition, yet first steps and an overall strategy are unclear. Important questions include:

  1. What is the “digital supply chain” in terms of its definition and core elements?
  2. What are the main opportunities and challenges?
  3. What are the key enabling technologies?
  4. Are we already behind? Where do companies really stand compared to the hype?
  5. How do we move forward?

 



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2019-01-08 06:26:00

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