Page 23 - Logistics News - May June 2022
P. 23

S UP P LY C H A IN




















































         •  Link the business strategy: Linking business   data-powered insights, operations can better predict
          priorities to investments with a transformation   demand and cognitively source needed supplies.
          road map – not IT stack improvements – helps drive   •  Embrace the metaverse: Delivering predictive
          successful transformation across the enterprise.  insights and fostering intelligence across supply
         •  An agile method: A complete digital          chain networks will be compounded exponentially
          transformation is a multi-year project, making   with the introduction of the metaverse. Simulating
          an iterative, agile approach the best method for   real-world models with synthetic data, IoT device
          success. With quick wins and a clearly defined   data and more will prove to reduce development
          strategy, organisations can minimise future losses   times and risk, achieve higher operational efficiency
          and demonstrate positive ROI.                  and improve resilience.
         •  Implementation and integration: An integrated,
          holistic approach can address the opportunities and   Where do we go from here?
          constraints of all stakeholders, from procurement   Supply chain transformation happens by unlocking
          to sales. Data intelligence drives integration across   the value of your analytics with processes, technology
          once-siloed systems, with added workflows helping   and experience. A lack of capabilities and a structured
          turn insights into actions.                   approach are holding many companies back. In the
         •  A partner ecosystem: Participating in an    end, transformation is not immediate; it’s rather a
          ecosystem is crucial to mitigating risk. Supply chain   proactive journey. In due time, harmonising analytics
          mapping across stakeholders improves internal and   can put organisations on a path to intelligent supply   L O GI S T I CS NEWS
          external collaboration to benefit customers and   chain management and the ability to compete with
          enhance end-to-end visibility. In conjunction with   businesses that are setting the bar. •



          www .l o g ist i csn e w s .c o .z a                                        M A Y/JUNE 2022      21
   18   19   20   21   22   23   24   25   26   27   28