Supply Chain Is In Throes Of Transformation
Changing Supply Chain Operating Model
Supply chain management has been undergoing a fundamental transformation from "chain" management to "network" management. With the availability, affordability and convergence of digital technologies such as mobility, pervasive and cloud computing, the Internet of Things and Big Data, Cognitive Analytics and Artificial Intelligence and Robotics, companies are transforming to systems thinking to reimagine their digital supply network. In the digital economy, everyone and everything in the market ecosystem is always on and always connected.
That's a great question. The obstacles are different for every company. However the biggest hurdle we see is having the right strategy in place, communicating the
In a disconnected organization, functions often unintentionally work against one another due the inability to cross functionally collaborate
Major Mind shift in Supply Chain
Making it happen is a never ending journey. We find that transformation is largely a cultural issue. Change is always and everywhere and it can't be stopped, so don't resist it. As I mentioned earlier start with the strategy. At TCS we adopted "digital" early and recognized that every company operates in a dynamic market ecosystem. Understanding that ecosystem by segmentation analysis of your customers and products and developing a road map and architecture to validate and achieve strategic intent is critical to creating a culture of change and continuous improvement.
Future Technology & Innovations Seeing the convergence of digital technologies is making a Smart Digital Supply Network a reality, the exciting innovation that this represents comes from the foundational capability that advanced analytics creates for development of autonomous vehicles and robotics. We still can't tele transport or "beam" goods to people but, we can beam data at the speed of light. This will speed the realization of a synchronized, zero latency supply network where material seldom pauses versus seldom move along the journey from raw material sources to final consumption and disposition.