Digital Fluency: Your Team’s Edge
Regardless of your industry, you provide a product or service that without technology you likely wouldn’t be able to maintain or grow your market share in.
February 15, 2022
8 min read
Supply chain digital transformation is no doubt an imperative to help supply chains run more smoothly while providing actionable intel. Ambitious, yes, but that belief isn’t necessarily overstated. The digitization of the supply chain is critically important and long overdue in many sectors, particularly given the vast changes we’ve experienced over the past couple of years. According to a study by the Council of Supply Chain Management Professionals (CSCMP), 42% of organizations have accelerated their digitization plans due to the pandemic. However, a recent Harvard Business Review Analytic Services study showed that more than 70% of companies believe their key supply chain capabilities, including logistics, procurement, and inventory management, are digitally “immature.”
But where to begin? “Digital transformation” can mean so many things (what isn’t digital these days?) and impacts virtually every aspect of the supply chain. Oftentimes, it can feel overwhelming to the point of inaction for supply chain leaders.
That said, there are specific dimensions of the supply chain that are particularly ripe for digitization. Below we dive into three of them:
Associate Professor, DeVry University and Keller Graduate School of Management
Alex Hosch worked in financial services, legal practice management, and software development for more than 25 years, prior to joining DeVry University in 2009. With an extensive background in enterprise risk management and project management, Alex is adept at procurement and financial supply chain management, and has utilized his supply chain expertise to ideate, innovate, and impact in the areas of procurement of information technology and information systems services and business information systems.