Supply Chain Efficiency, Revisited
Redefining productivity and performance in a digital world
Efficiency has long been a hallmark of operations. Supply Chain executives have led the charge on productivity improvements, cost reductions and waste elimination to drive better for performance for businesses and the customers served by them.
In recent years, the demands of customers have shifted strategic focus to speed, agility and customization. The opportunity for most in 2019 is how to solve for these new value attributes while controlling rising complexity. It is a challenge that requires new approaches. It is a challenge that is rooted in efficiency. And it is a challenge ripe to be solved with digital innovations.
Digital has already started to reshape the end-to-end supply chain. Robotic Process Automation and Artificial Intelligence (AI) are automating the tedious, paper-based processes in Procurement while empowering organizations to shift focus to supplier innovation and value-adding negotiations. The Internet of Things, autonomous vehicles and robotics are replacing manufacturing and distribution labor while creating opportunities to personalize products and services at scale. Machine Learning and big data technologies are automating analytics processes while providing planners, strategists and data scientists a new opportunity to be at the forefront of business innovation.
From your customer’s customer through to your supplier’s supplier, the time is now to revisit efficiency. This year’s Live Americas Peer Forum will concentrate on three pillars that will usher in this new era.