PA Consulting’s research on smart supply chains has been featured in an article in Business Reporter discussing recent white papers on supply chain management.
The article quotes PA’s recent report "Power your potential: the value of the smart supply chain" and explains how efficient planning of the digital transformation process and a deeper understanding of smart technologies lead to better results in smart supply chain deployment.
It mentions that the two leading drivers for businesses to embark on a smart supply chain journey are cost-cutting and customer behaviour and preferences, yet there is considerable variance by sector.
The article acknowledges that there are plenty of entry points for digitalisation along the supply chain, ranging from demand forecasting at the planning stage and quality improvement and maintenance in production, to enhancing integration with suppliers, automating order fulfilment and warehousing and personalising customer service.
According to PA’s research, the three most popular digital technologies chosen to drive transformation in terms of deployment and active use are mobile technologies, cloud computing and robotics and automation, with IoT platforms well below ten per cent.
The article says that PA’s report on smart supply chains underscores the short time period between companies developing an “appetite” for making their supply chain smarter and the actual “action”. It argues for the inclusion of an “archetype” phase that the company must identify as applying to itself “to unlock wider business transformation and greater value opportunities.” More than half of participants in PA’s survey said that they are either looking to transform their businesses along these archetypes, or picking and choosing elements from them.