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From Cost Center to Competitive Advantage: Supply Chain Resilience Through Digital Transformation

IDC Spotlight Report

Organizations shifting to increasingly dynamic supply chains require digital transformation for real-time visibility across extended supply chain partners, enabling advanced analytics-driven insights

Introduction

The events of recent years have challenged global supply chains like never before.Disruption has been deep and lasting as a global health pandemic, geopolitical tensions/conflict, logistics congestion, equipment constraints, labor shortages, inflationary pressures, and security concerns have forced organizations to reexamine the vulnerabilities of operating extended global supply chains.

Exposed are the interdependencies that we all knew existed, if not how fragile they would eventually prove to be. As we come to terms with the realization that the next normal is likely to be an increasingly resource constrained environment, organizations have largely accepted significant cost increases, choosing instead to focus on building resilience in their supply chains to ensure continuity of supply.

According to IDC's March 2022 Supply Chain Survey, addressing risk is taking many forms as organizations increase supplier diversity, shift from lean to dynamic networks, explore options for nearshoring and reshoring, and weigh these decisions against sustainability (ESG) initiatives, which are becoming baked into organizational DNA.

Across industries, organizations striving to achieve resilience in this increasingly dynamic environment will be required to harness data to increase visibility, cultivate timely intelligence through advanced analytics, and develop organizational agility to move swiftly as actionable insights are uncovered.

At a Glance

WHAT'S IMPORTANT
Traditional approaches to data management are failing to meet new business requirements that demand a combination of real-time connected data, self-service, and a high degree of automation, speed, and intelligence.

KEY TAKEAWAY
There is an increasing disparity in business revenue performance between digitally enabled and non-digital organizations.

Andere Bronnen Die Je Misschien Leuk Vindt

31 Oct 2024
BLOOR Research Opinion Article
This article from UK Analyst Bloor Research recognises the capabilities and advantages of InterSystems IRIS data platform as an "innovative and powerful data management platform" and it’s Smart Data Fabric capabilities offering a market differentiator.
22 Jul 2024
Technology Guide
Enabling integrators and developers to deliver highly customized intelligent supply chain applications
08 Jul 2024
SupplyChainBrain Webinar
Increasing operational costs, labor shortages, and geopolitical tensions are keenly felt by supply chain organizations and highlight the importance of fast, informed decision-making.
28 Jun 2024
Bloor InPerspective Brief
In today’s global marketplace, supply chain management plays a pivotal role in the success of businesses across various industries and, with the increasing complexity and interconnectedness of supply chain networks, the demand for efficient and effective solutions continues to rise.
27 Mar 2024
Building a new supply chain optimization platform
Learn how InterSystems Supply Chain Orchestrator is helping UST in building their new supply chain optimization platform, UST Optum.
23 Feb 2024
A Global Survey of 450 Senior Supply Chain Decision Makers
A global survey of 450 senior supply chain decision makers spanning various industries including fast-moving consumer goods (FMCG), logistics and transport, manufacturing/consumer packaged goods (CPG), pharmaceuticals, and retail.
01 Feb 2024
SupplyChainBrain Interview
In this interview with SupplyChainBrain, Mark Holmes, senior advisor for supply chain with InterSystems, lays out the multiple challenges that manufacturers face in optimizing their repackaging processes, and proposes some solutions for addressing those hurdles.
11 Jan 2024
A Supply Chain Brain White Paper
Non-connected, siloed data prevents the optimization of production planning for many manufacturing and consumer goods businesses today.
01 Nov 2023
Bloor InContext Report
Supply chain management (SCM) is the lifeblood of modern business, serving as the backbone that connects manufacturers, suppliers, distributors, retailers, and customers.
27 Oct 2023
Supply Chain
See how InterSystems Supply Chain Orchestrator™ improves supply chain operations with real-time, actionable data. Supply Chain Orchestrator includes an extensible data model, integration engine, and API framework that allow you to create real-time, full-stack applications for order processing, issue processing, demand forecasting, and more.

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