The Digital Revolution Is Changing the Supply Chain Landscape

Technologies such as RFID, GPS, event stream processing (ESP), and analytics are combining to help companies to transform their existing supply chain networks into more flexible, open, agile, and collaborative digitaldriven models. This new revolution requires a holistic approach to digital transformation of the supply chain that includes new skills and changing corporate behaviors. What does all this mean? The gradual replacement of human judgment across the supply chain. This will require companies to evolve in order to best support areas such as automated data gathering, tactical demand planning, procurement, and execution. Digital transformation will cross many facets of a company’s business, requiring collaboration platforms, collaborative economy services, and e-commerce. Companies will need to recognize and embrace the emergence of cloud, mobile, social, big data, and—most of all—predictive analytics.