As supply chains strive to adapt to a fast-changing world, technology can play a major role in making them more agile, responsive and efficient. But with a huge array of possible digital solutions, organizations risk making poor investment choices. With the technology landscape constantly shifting, what are the technologies which will benefit your supply chain and production functions?
KPMG believes leaders should first clarify their strategic ambitions and only then select technologies that support these goals, with three key priorities:
Organizations may feel pressure to keep pace with others in their industry in terms of adopting technology trends. This may lead to costly investments or a delayed ROI. Additionally, new and innovative technologies can have significant disruptive potential on existing supply chain operating models as companies seek to exploit the benefits of greater levels of digitalization.
Future-ready supply chains are prepared with responses to these key questions:
"Organizations will need to identify and evaluate technologies to determine how they may enable supply chains, connecting from top to shop." – Chris Gottlieb, Principal, KPMG Procurement & Operations Advisory
The supply chain of the future will respond to the top strategic supply chain technology trends by addressing their immediate and longer-term impacts on people, processes, business objectives and IT systems. They will ensure innovative and emerging technologies are the central focus by featuring them in ongoing business reviews for IT investment, strategy and decision-making for both planned and existing deployments of technology across the supply chain. And they will drive for enhanced higher levels of automation and optimization by exploring ways and opportunities across dedicated clusters of disruptive technology to, for example, augment human activities and embed intelligence across devices and IT systems.
The biggest limitation for supply chains is no longer technologies and what they can do, but rather the imagination of the people who leverage them. As enterprises around the world are facing a perfect storm of change, today’s supply chain leaders must transform business models, organizational structures and operations to thrive today and in the future.