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
- 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