With the unprecedented opportunities offered by emergent technologies like blockchain, the Internet of Things, Machine Learning, and Artificial Intelligence, business organisations are increasingly implementing digital transformation of the supply chains. The objective is to outperform competitors by building distinctive capabilities. Most organisations aspire to achieve this, but only some have harnessed the potential of digital technologies. Consulting firm McKinsey has found that, on average, a supply chain company has a 43 per cent digitalisation level. As per their survey, only 2 per cent of executives considered the supply chain as the locus of digital strategies. This tarnishes the image of digitalisation in the supply chain system. McKinsey reveals that organisations that work on digitalisation can expect per-annum earnings growth before interest and taxes to be 3.2 per cent and a per-annum revenue growth rate of 2.3 per cent, which is enormous considering the digitalisation of any business area. The differences between potential and actual gain from the transformation of the supply chain can be explained by technology gaps and management's choices. This chapter discusses how a complete digital transformation can enhance supply chain capabilities.

错误:搜索内容不能为空,请输入英文关键词
错误:关键词超出字数限制,请精简
高级检索

Improving Supply Chain Performance Through Digital Transformation

  • Manish Kumar,
  • Nidhi Singh

摘要

With the unprecedented opportunities offered by emergent technologies like blockchain, the Internet of Things, Machine Learning, and Artificial Intelligence, business organisations are increasingly implementing digital transformation of the supply chains. The objective is to outperform competitors by building distinctive capabilities. Most organisations aspire to achieve this, but only some have harnessed the potential of digital technologies. Consulting firm McKinsey has found that, on average, a supply chain company has a 43 per cent digitalisation level. As per their survey, only 2 per cent of executives considered the supply chain as the locus of digital strategies. This tarnishes the image of digitalisation in the supply chain system. McKinsey reveals that organisations that work on digitalisation can expect per-annum earnings growth before interest and taxes to be 3.2 per cent and a per-annum revenue growth rate of 2.3 per cent, which is enormous considering the digitalisation of any business area. The differences between potential and actual gain from the transformation of the supply chain can be explained by technology gaps and management's choices. This chapter discusses how a complete digital transformation can enhance supply chain capabilities.