The Smart Supply Chain

The Smart Supply Chain

Among the business operations especially ripe for transformation by digital and IoT capabilities is the “smart” supply chain. The 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