What is the difference between ERP systems and Digital Supply Chain?
Which technologies support Global Supply Chain Networks?
Those advanced networks are backed by advanced technologies such as artificial intelligence, blockchain and IoT.
What is Digital Supply Chain?
According to theMcKinsey article digital supply chain is defined as the application of the Internet of Things, the use of advanced robotics, and the application of advanced analytics of big data in supply chain management.
At the core of the $9T, B2B e-Commerce and retail ecosystem are the business networks which facilitate the transaction, fulfillment, transportation and final delivery of goods and services through the supply chain.
Why Digital Supply Chain is relevant now?
Average sensor prices are expected to decrease from $1.3 in 2004 to $0.38 in 2020. This enables sensors to be embedded in more machines allowing operations to be analyzed and optimized at a more granular level. This leads to uncovering new insights and creating value for businesses.