Outside observers are surprised to learn that some multi-billion dollar supply chains are still managed with manual processes, spreadsheets and even paper records.
Many enterprises have tried to start the digitization their supply chain, only to end up with a circus of siloed systems that can’t communicate with each other.
Still others have invested in expensive enterprise resource planning systems, only to abandon them because they just don’t map to the natural workflows of procurement, asset management, and disposition.
As a discipline, supply chain is just starting on the digitization journey. But as we head into 2024, the pressure is increasing for supply chain managers to integrate new technologies.
A fully digital supply chain is the key, here’s why: