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Navigating the road to digital supply chain transformation

Identifying a starting point in the journey is not easy, especially when companies are deluged with information and advice on how they should proceed.

By ·

It seems that no self-respecting company can be without a digital transformation (DT) strategy these days. But shifting an organization from an analog mindset to the brave new world of digitalization is a long and challenging journey. Where do you start, how do you prepare employees, and once there, how do you engender trust in digitalized processes?

These issues were explored from a retail industry perspective at a recent MIT CTL roundtable. The Future of Retailing roundtable took place on November 14-15 2018, and brought together supply chain practitioners from various organizations including manufacturers, retailers and third-party logistics providers.

The discussions did not yield any magic bullets—there aren’t any, of course—but they did produce a number of insights that can help companies tread easier as they quest toward a digitalized
supply chain future.

Getting started

Identifying a starting point in the journey is not easy, especially when companies are deluged with information and advice on how they should proceed. But rather than spending vast amounts of time considering possibilities and generating a lot of frustration, another approach is to opt for any project that gets you on your way and is likely to deliver some successes—even modest ones—that can be easily shared and engage the organization.

This might seem a little too serendipitous, but you can refine your search criteria to increase the chances of success. For example, choose an external supply chain partner that is motivated and needs your contribution, has experience and knowledge it is willing to impart, and is interested in a specific project that can be scaled and quantified. As the partnership develops, you can expand your horizons to other partners.

This complete article is available to subscribers only. Log in now for full access or start your PLUS+ subscription for instant access.

 

By ·

It seems that no self-respecting company can be without a digital transformation (DT) strategy these days. But shifting an organization from an analog mindset to the brave new world of digitalization is a long and challenging journey. Where do you start, how do you prepare employees, and once there, how do you engender trust in digitalized processes?

These issues were explored from a retail industry perspective at a recent MIT CTL roundtable. The Future of Retailing roundtable took place on November 14-15 2018, and brought together supply chain practitioners from various organizations including manufacturers, retailers and third-party logistics providers.

The discussions did not yield any magic bullets—there aren’t any, of course—but they did produce a number of insights that can help companies tread easier as they quest toward a digitalized
supply chain future.

Getting started

Identifying a starting point in the journey is not easy, especially when companies are deluged with information and advice on how they should proceed. But rather than spending vast amounts of time considering possibilities and generating a lot of frustration, another approach is to opt for any project that gets you on your way and is likely to deliver some successes—even modest ones—that can be easily shared and engage the organization.

This might seem a little too serendipitous, but you can refine your search criteria to increase the chances of success. For example, choose an external supply chain partner that is motivated and needs your contribution, has experience and knowledge it is willing to impart, and is interested in a specific project that can be scaled and quantified. As the partnership develops, you can expand your horizons to other partners.

 


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2019 Top 5 Trends of Enterprise Labeling
This year’s sixth annual Top 5 Trends in Enterprise Labeling report outlines significant shifts in labeling that are impacting businesses and global supply chains at an unprecedented level.
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From the January-February 2019
If history is our guide, economies take a turn every nine years. Yet time and again, a strong business cycle and fading memories convince us the good times will go on forever. Ten years after the great recession, we surveyed 100 manufacturing firms to find out if businesses are ready to fight through the next recession.
Truck Driver Shortage: No one behind the wheel
Intermodal to the rescue
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EDITORS' PICKS
Supply Chain Management Issues Confronting Us This Year
A variety of fresh challenges will surface for global traders in January and beyond
Global Supply Chain Pricing May Face New Pressures in 2019
The global economy started 2018 with strong, synchronized growth, but the momentum faded as the year...

IHS Markit’s New Economic “Predictions” for 2019 and Impact on Global Supply Chains
The U.S. will remain “above trend,” while other key economies will experience further...
Global Kuehne + Nagel Indicators Signal Global Supply Chain Resilience
So far this year, international merchandise trade has risen by 10.6%. Emerging markets and North...