Digital Supply Chain Management Software
Digital Supply Chain Management
Digital supply chain management is the process of maintaining and supporting your supply chain via a cloud-based software platform rather than using outdated manual paper-based methods.
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Digital Supply Chain Management - FAQ
Digital supply chain management is the process of upkeeping and supporting your supply chain via digitized tools and platforms. In contrast to supply chain management itself, digital supply chain management is about the technologies that make overseeing your supply chain possible digitally rather than using outdated manual paper-based methods.
Digital supply chain management gives your organization a leg up in many recognizable ways. Most notably, having a digitized supply chain management process prevents internal silos, which increases effective communication across your organization.
Another advantage of digital supply chain management is the automation it brings to the table. Automation allows supply chain professionals to reduce the time they spend on manual, tedious tasks. When these tasks can be automated, there is also a likelihood that incorrect data input will be eliminated.
Digital supply chain management also provides the advantage of clearer and more accurate information. With the benefits of automation and visibility, digital supply chain management becomes more intuitive and more reliable.
Digital supply chain management relies on several elements to complete its process. Starting out, the digital supply chain management process begins with the planning stage where organizations proactively dictate their processes and anticipate their inventory needs before going forward. The digital supply chain management process ends at the return stage, more commonly known as relationship management.
Supply chain management warrants a knowledge and grasp of many digital skills. Among many, one stand-out digital skill that supply chain management requires is flexibility. With the introduction of digitalized supply chain management, leaders need to be prepared to lean into new processes and adapt to changes that optimize their supply chain management.
A supply chain management digital dashboard is the centerpiece of a digital supply chain management platform. On the dashboard, you are able to view important metrics, analyze trends against previous KPIs, and stay up to date on other important activities in the supply chain.
Digital technology enablers are products or services that facilitate technological growth and expansion. These are usually any platform that makes the digital transformation easier, more productive, and more intuitive. Supply chain management has always been influenced by digital technology enablers as it allows supply chain management to evolve with the expanded resources available.
One of the best ways to drive supply chain management digital transformation is to increase visibility into processes as much as possible. By having insight into the moving parts behind the scenes, supply chain management digital transformation becomes easier to prepare for and manage.
Digital supply chain management looks different for hi-tech enterprises than it does for more traditional organizations. For example, hi-tech enterprises are expected to optimize their functionality and manage the varying complexities of the resources they need to procure. Given the relevance of the products hi-tech enterprises create, their digital supply chain management is under extra pressure to get their products to market as soon as possible.
A digital twin, in the realm of supply chain management, represents an exact replica of an active supply chain. This ‘digital twin’ allows experts to run different scenarios on the supply chain and see the outcomes without actually changing anything in the live supply chain. The digital twin concept is how large organizations can easily make predictions and informed decisions before they bring a supply chain decision into reality.
Here are the stages of digital supply chain management, broken out and simplified:
- Plan — Some firms rely heavily on technology and tools to help them map out their materials and order planning. Planning ahead helps your company ensure they are prepared with materials, tools, and human capital to fulfill future orders.
- Source — In the sourcing stage, organizations work to identify vendors and suppliers for goods and services necessary for order completion.
- Make — At this stage in the cycle, your team and digital tools should be focused on performing the necessary steps and operations to manufacture the product from raw materials.
- Deliver — After making the product or service, organizations need to have a process in place to help deliver the order to the customer. The delivery stage involves more direct interaction and engagement with your customer.
- Return — The return stage is part of the digital supply chain management process that involves relationship management. In this stage, supply chain managers need to plan out processes for returning or replacing defective products, what steps will be taken if a process is not fulfilled correctly, or any other potential roadblocks you may encounter.