
Exploring Modern End-to-end Supply Chain for Business Growth
The needs that influence the global supply chain network are customer expectations, adoption of new technologies, competition, and also change in the economy. But now the customers have advantages like having more choices for a single product due to which the customers can expect better services or easier delivery.
Smart leaders are using a demand-driven supply chain which is an integration of supplier and customer data into an interconnected network and companies have to ensure that they use a technology-enabled network. Digital supply network (DSN) enables businesses to create a digital version of the physical supply chain which is a hybrid model that can fully capitalize on connectivity, system integration, and information producing capabilities. These enable businesses to make intuitive decisions and predict unnecessary incidents. The digital supply chain has processes that can monitor real-time inventory levels, customer interactions, and uses this information to plan and execute different levels of performance. DSN has a geospatial technology that improves visibility and transparency for the entire supply chain and increases the operational efficiency.
Despite the adoption of DSN, businesses have to be creative and innovative to meet customer requirements. They invest in new waves of fulfillment, automation, delivery technologies, and IoT devices which includes having sensors that provide information on items. The items can be tracked, monitored, and businesses can be alerted to avoid minimal disruptions. Companies can take advantage of facilities like cloud platforms, driverless vehicles, and drone deliveries. With the real-time data, businesses can choose the shorter routes. As a result, businesses can reduce fuel costs and operational costs while meeting the customers’ demands for faster delivery. These technologies can provide better and quicker fulfillment options to the consumer.
Digital technologies make the data flow informatively into the organizations to make better-informed decisions at different levels of digital supply chain planning. There is a need to access the right data that can visualize and analyze data to get better insights and make strategic decisions. Incorporating Al and ML into organizations makes them predict the outcomes and establish new networks. The present-day organizations have much to predict like the products required by the customers, the best customers, and the services that would generate high revenue. The use of predictive algorithms to forecast demand and maintenance with predictive analytics will help achieve profit margins. With the help of deep learning algorithms, meaningful data can be derived and analyzed which creates better insights, observations, and accurate predictions about customer behavior.
Check This Out:
Social Media: Facebook | Twitter | Linkedin
CIO Review | Crunchbase
CIO Review | Review
ON THE DECK

Featured Vendors
EDITOR'S PICK
Essential Technology Elements Necessary To Enable...
By Leni Kaufman, VP & CIO, Newport News Shipbuilding
Comparative Data Among Physician Peers
By George Evans, CIO, Singing River Health System
Monitoring Technologies Without Human Intervention
By John Kamin, EVP and CIO, Old National Bancorp
Unlocking the Value of Connected Cars
By Elliot Garbus, VP-IoT Solutions Group & GM-Automotive...
Digital Innovation Giving Rise to New Capabilities
By Gregory Morrison, SVP & CIO, Cox Enterprises
Staying Connected to Organizational Priorities is Vital...
By Alberto Ruocco, CIO, American Electric Power
Comprehensible Distribution of Training and Information...
By Sam Lamonica, CIO & VP Information Systems, Rosendin...
The Current Focus is On Comprehensive Solutions
By Sergey Cherkasov, CIO, PhosAgro
Big Data Analytics and Its Impact on the Supply Chain
By Pascal Becotte, MD-Global Supply Chain Practice for the...
Technology's Impact on Field Services
By Stephen Caulfield, Executive Director, Global Field...
Carmax, the Automobile Business with IT at the Core
By Shamim Mohammad, SVP & CIO, CarMax
The CIO's role in rethinking the scope of EPM for...
By Ronald Seymore, Managing Director, Enterprise Performance...
Driving Insurance Agent Productivity with Mobile and Big...
By Brad Bodell, SVP and CIO, CNO Financial Group, Inc.
Transformative Impact On The IT Landscape
By Jim Whitehurst, CEO, Red Hat
Get Ready for an IT Renaissance: Brought to You by Big...
By Clark Golestani, EVP and CIO, Merck
Four Initiatives Driving ECM Innovation
By Scott Craig, Vice President of Product Marketing, Lexmark...
Technology to Leverage and Enable
By Dave Kipe, SVP, Global Operations, Scholastic Inc.
By Meerah Rajavel, CIO, Forcepoint
AI is the New UI-AI + UX + DesignOps
By Amit Bahree, Executive, Global Technology and Innovation,...
Evolving Role of the CIO - Enabling Business Execution...
By Greg Tacchetti, CIO, State Auto Insurance
Read Also
