New digital technologies offer the potential to transform supply chain planning but questions still arise as to how these tools contribute to the broader business bottom-line.
According to Gartner®, “supply chain leaders have named the ability to balance trade-offs between cost-efficiency and risk mitigation as one of the main barriers for agility and resilience”.
Digital tools enable supply chain leaders to mitigate risk, improve agility, achieve resilience, and generate positive returns on investment. With the right implementation strategy, broader business goals can be achieved and truly transformational impact is assured.
Among the key recommendations for supply chain leaders planning their digital strategy are to:
- Enable supply chain digital planning by creating a common vision of what it means and how it can support the business objectives.
- Synchronize existing roadmaps with digital ones by defining foundational processes that need to be matured and eliminating redundant activities.
- Build a change management and communication approach to support business planning, agility, and concurrent capabilities across the business.
Take advantage of this new research to elevate your supply chain planning practice today.
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