In late 2022, a APQC survey asked 301 manufacturing organizations about their current and future digital transformation initiatives. Fully 98% said their supply chains were in some phase of transformation, whether planning, piloting, implementing or evaluating. APQC’s definition of digital transformation refers to the strategic integration of multiple technologies, including digitizing data and information, automating processes, applying analytics and enabling digital interactions and communications. Each transformation is influenced by its scope (functional, multi-functional or enterprise); governance (centralized or decentralized); and strategic intent (customer intimacy, operational excellence or organizational growth). For supply chains, the most common elements of digital transformation identified by respondents included implementing or upgrading enterprise resource planning (ERP) systems, advanced analytics and AI and cognitive computing projects. Rounding out the top five responses: machine learning and Internet of Things (IoT) initiatives. Current State of Adoption Almost all respondents indicated that undergoing digital transformation is a reality for their supply chains in 2022 to 2023. One-quarter (24%) have full-scale adoption in progress, and 16% have completed their transformations and have moved into the continuous improvement phase. Only two percent of respondents report that their organizations are NOT undergoing or planning a digital transformation. Drivers of Digital Innovation The […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
