The previous article discussed the importance of digital transformation in business. Next, we will explore why the supply chain, one of the most crucial aspects of business, also needs digital transformation.<\/p>\n
The supply chain is a complex system encompassing various aspects and processes including procurement, inventory, warehousing, sales, and distribution. All these aspects are vital for business continuity.<\/p>\n
Therefore, the role of digitalization in supply chain management is highly significant. According to a survey by Gartner<\/a>, digital transformation of the supply chain can increase company revenue by up to 10%. However, ironically, only 15% of the companies researched are preparing themselves for digitalization.<\/p>\n Moreover, the complexity of the supply chain process makes it vulnerable to disruptions. Disruptions in the supply chain can lead to various problems, including increased operational costs, delays in product delivery, reputation damage, and decreased customer satisfaction.<\/p>\n Supply chain disruptions can hinder company performance, thus threatening business continuity in a competitive environment. Therefore, digital transformation in supply chain management is a necessity, not just an option.<\/p>\n
\nKey Takeaways<\/b><\/span><\/h3>\n |