Key Benefits of Implementing Digital Supply Chain Today in this digital world, customers are demanding for best services including speed, convenience, and accuracy. And the introduction of cutting-edge technology has successfully enabled many businesses to accomplish their customers demand. In this scenario, the introduction of the digital supply chain is playing a significant role in efficiently working of the manufacturers. However, most of the companies are still troubling to match with the digital trend which has disrupted the traditional supply chain management. The traditional supply chain model is defined as a network between all individuals, organizations and activities which are included in the business process from manufacturers to the end-users. Digital Supply Chain also works on the traditional supply chain functions but with the inclusion of digital technology like radio frequency identification, smart labels, global positioning systems, and barcodes. The foremost benefit of a digital supply chain is that it enhances efficiency and enables it to produce high profits for the organization. • Enable demand-driven supply chain- digitalized supply chain enables the companies to adjust their products according to their demand in the market. With the digital supply chain, they can track the sale information in real-time that helps them to accelerate their production for the best seller and cut their losses. • Enhance lead time of the supply chain: - It includes different factors like lead time for raw materials, reserving the production to make it available at the right time and distribution planning. • Improve productivity:- Apart from bringing financial profits, a digital supply chain is beneficial for automate the processes and improve decision-making
capabilities. Further, it can be used for gaining real-time information, scrubbing, automatically eliminate the manual efforts of gathering and data entry. Digital supply chain technology brings a high rate of changes as a new system is updated, created and integrated. The issue faced by the digital technology professional is to choose and implement the right set of technologies according to their company's strategic needs. It is important to create a building block approach that matches with company growth and flexible to accept the new systems and technologies. Implement Digital Supply Chain with the help of Group50 Consulting Services When it comes to implementing the digital supply chain, it will take your significant amount of time and investment to structure the entire process. Some of the industries like food, healthcare, aerospace, etc. will also require Interorganization collaboration as blockchain and IoT become more important in the digital supply chain architecture. But, many enterprises do not have subject matter experts who can explain to them each layer of the system. The company staff needs to work with outside subject matter experts to create and implement the right set of digital supply chain architecture. At Group50, they have a team of subject matter experts who have extensive years of experience to work with the companies and accomplish their business needs by providing the best consulting services. They work on their own created methodology that includes:• • • • •
Design a fully documented current state architecture Create strategic needs of the company Find the operating and strategic gaps Create future state and supporting roadmap Identifying and designing the required workflow and business process changes • Changing the management
• Organization design • Work with client to according to future state roadmap At Group50, they are also providing the Digital Technology assessments and workshop which will help businesses to make the right decisions and implementation of roadmaps. They bring all the professionals in one place including IT professionals, business process owners, and vendors to understand the current scenarios, develop a roadmap and plan to implement it. Get more information, contact the Group50 professionals today. Visit: www.group50.com