DIGITIZATION ACROSS THE VALUE CHAIN

Excellent supply chain management is easily attainable now, thanks to modern technology. With just the right supply chain management software, expensive errors caused by manual labor can be avoided. The software solutions make digitalization across the value chain possible. With these tools, optimal inventory management can be achieved, and supply can match demand and manufacturing. Supply chain management software tools can track and manage the flow of data, materials, and finances better than humans. This extends to companies in the logistics industry which are now able to implement digitalization across their supply chains. While obtaining the right software is essential, not all companies have to transform their entire value chain. Understanding the challenges to overcome when deploying digital solutions enables better utilization of digitalization, and they include:

·       Data consolidation

A single supply chain has different data sources. Combining all these sources and turning them into a centralized system is not easy. With end-to-end solutions made by SFL-Group, various data sources can be consolidated into a single value add platform.

·       Integration of software with supporting infrastructure

Another hindrance to the deployment of supply chain management digital solutions is the supporting infrastructure’s current nature. Sensors, Internet of Things devices, and other hardware that make up a supporting infrastructure require wireless connectivity networks, for instance. Without these networks, digitalization across the value chain might cause additional costs.

·       Cybersecurity

With supply chain data stored online, the biggest challenge is keeping it safe from prying eyes. Is your logistics company ready to face the cybersecurity challenges that could be brought about by the digitalization process?

·       Corporate culture

 Some company leaders are not digital themselves, and their organizations don’t have a digital culture. If your corporate culture is rigid, automating your supply chain becomes difficult to manage. Understanding that employees will need the training to understand the process of digitalization, and might resist this change will enable a more inclusive approach to implementing digital processes.

Conclusion

Automating your value chain produces numerous benefits such as eradicating manual time-consuming paper logistics. Advanced technologies will be used to process your entire shipment process to ensure goods are delivered to the right place at the right time. In return, customers will be happy, and revenues will improve.