Digital Supply Chains are Going to be the Future
image credit: © Ammarin Amhong | Dreamstime.com
- Apr 6, 2021 3:48 pm GMTApr 6, 2021 3:31 pm GMT
- 186 views
Most businesses understand the need for cost reduction. Often utility managers rely on the “That's how it's always been done,” supply chain to obtain everything from biros to reactor housings. By adapting to a digital supply chain, organizations can find cost savings.
Digital transformation can deliver impressive improvements in operational performance, reduce costs and therefore increase profits. What is holding companies back? Perhaps it is a reluctance to change.
A study by PwC found that organizations with highly-digitized supply chains can expect efficiency gains of 4.1 per cent annually, while boosting revenue by 2.9 per cent a year. This will benefit those companies which adopt it, while leaving competitors behind.