Smart Supply Chain

The Smart Supply Chain

29 March 2017

Among the business operations especially ripe for transformation by digital and IoT capabilities is the “smart” supply chain.┬áThe smart supply chain consists of six key building blocks:

  • horizontally integrated planning and execution
  • logistics visibility
  • procurement
  • smart warehousing
  • spare parts management, and
  • prescriptive analytics.

Companies that can put together all these pieces into a coherent and fully transparent system will gain a huge advantage by creating tangible value in the areas of customer service, flexibility, efficiency and reduced costs.

Read more: The Smart Supply Chain

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