Some business leaders believe that building a digital supply chain means automating a single task, such as forecasting demand or optimizing production schedules. Digital supply chain management solutions are known to work best and deliver the most significant value when integrated across the enterprise and involving processes and people. A digital supply chain uses advanced technologies and better understands the function of each stakeholder in the chain so that each participant can understand the source of the materials they need, the product demand, and all the relationships between them.
Full integration of legacy supply chain management technologies (demand planning, asset management, warehouse management, transportation, logistics management, purchasing, and order fulfillment) is a necessary first step. However, a truly digital supply chain also includes machines capable of extracting data from these processes and generating the required data.
By 2026, 80% of enterprises will experience significant value loss due to their failure to integrate digital supply chain and control room initiatives. To get a better understanding of this topic, join the "Future of Digital Supply Chain for Business" virtual summit hosted by Group Futurista to share a true understanding of a broad range of thinking topics in the business realm.
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