The Intelligent Supply Chain
1. The Intelligent Supply Chain
Digitizing by deploying supply chain management solutions ensures that supply chain leaders can ensure their supply chain network is fully connected, intelligent and self-driven.
However, not doing so and using incorrect data is reputed to cost the shipping and logistic industry billions of dollars every year.
A recent report released by Lloyd’s List, Maritime Intelligence, highlights how these significant revenue losses are a costly negative in today’s highly competitive market where every dollar counts.
The report cements that there is no doubt those businesses who want to excel, meet customer demand, provide a true value-chain and deliver operational excellence need to have access to the right data at the right time.
2. Stuck In The Past
Numerous companies are held back in legacy systems and continue to operate using manual processes, inconsistent and fragmented data points, and outdated IT systems.
Working using isolated islands of data prevents access to the accurate, efficient data required for increased visibility. The ability to generate accurate forecasts and, operating within these silos can significantly impact performance levels and, subsequently, the all-important bottom line.
3. Unlocking The Power Of Data
By analyzing processes, how connected you truly are with your data and your trading partners, and establishing where and how data can provide tangible benefits, supply chain managers can get on the road to undergo digital transformation.
Enabling the opportunity to make fast, fact-based decision-making with certainty is an essential business-commodity within today’s highly complex supply chain industry environment. Having complete transparency and visibility, and accountability is vital to delivering a robust, agile customer-centric supply chain; however, the benefits of the data ensure you have to hand at every given stage of the journey, which is doing what well or otherwise.
4. What does it all mean?
How supply chain managers decide to scale their data infrastructure will remain business-critical in 2021 and beyond.
Digitizing and increasing focus on data and analytics governance to ensure data-driven decisions can get made with certainty is essential for achieving optimal outcomes. Your customer will not forgive you if you continually fail in fulfilling their requirements in a world where they can have what they want when they want it. If you can’t, they will switch to someone who can; customer loyalty to a brand has never been tested to the levels it is today.
5. Don’t forget:
Global crises are having a profound impact on supply chains globally. Read some fast facts relating to digitalization and the pandemic in our infographic here.
“If you always do what you’ve always done, you’ll always get what you’ve always got.” Henry Ford.
Why not book a demo with us and have a chat about how we can help support you on your digitization journey?