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How to Make Your Supply Chain Agile and Lean?
one of the first steps towards a resilient supply chain is the ability to expect operational risk. Digital transformation makes it possible to align with the suppliers and be better prepared for such risks.
Fremont, CA: Digital transformation has introduced profound changes across various business sectors. And if done right, digital transformation in the supply chain can influence an organisation's efficiency to meet an unprecedented challenge.
First and foremost, organisations need to understand their data across multiple systems, including the supplier and in-house network. For an agile and lean supply chain, it is essential to fathom the data and use this existing data to drive outcomes. The second step towards the goal is to digitalise the supply chain. It is imperative to digitalise processes, goods, and logistics. Since shipping goods requires an efficient system, relying on human processes and the task can fall short at times. To avoid such a case, it is better to create a robust data foundation by transitioning manual processes to digital ones.
Strategic supplier alignment is the third factor that needs to be considered. One of the first steps towards a resilient supply chain is the ability to expect operational risk. Digital transformation makes it possible to align with the suppliers and be better prepared for such risks. By real-time data sharing, necessary requirements can be communicated effortlessly. This way, everyone in the supply chain is looped, leading to an agile and lean network. Change management is the next step to an improved supply chain. It requires understanding how to bridge and align incentives and can drive out costs and reduce risks. The final step is to accelerate and change the dynamics of the supply chain. Since digital transformation is a time-consuming task, it is better to start now than ever. Only by motivating the entire process, a better and improved supply chain can be achieved.