The digital supply chain is a process of networking between individuals and organizations involved in a business deal that is initiated in a paperless environment, using web-enabled capabilities. Whereas a supply chain is the simple networking between all individuals, organization, and activities involved in a business process from the manufacturer to the end user. Precisely a supply chain is a set of two or more individuals or organizations directly involved in selling or buying services, products, information from a source to a buyer. The whole process done with the aid of digital technology is termed as digital supply chain. Digital supply chain integration is being used more widely in today’s world.
The foremost aim of the digital supply chain is to deliver insights to increase efficiency and to produce higher profits for the organization. It involves managing a series of activities that are connected with coordinating, controlling and planning the movement of raw materials, goods and parts from the supplier to consumer. During the process financial, material and information flows are managed and controlled as decisions are made at tactical, strategic and operational levels throughout the supply chain.
Organizations having a digital supply chain are able to move assets, people, and resources to where they are required at any time. This results in being cost effective by planning ahead of the transportation and manufacturing risks. They can save a huge amount of money in multiple areas like resources, time and transportation. The latest technologies like radio frequency identification (RFID), global positioning system (GPS) tracking, smart labels, and barcodes and so on play a vital role in the digital supply chain. Furthermore, by integrating cloud technologies with web services, digital supply chain becomes more advanced and efficient since it aids to unify information and facilitates to create trading-partner visibility. When the system is fully automated, the manual data entry can be eliminated and that, in turn, will reduce human error.
The two terms closely related to the digital supply chain are digitalization and digitization. Digitalization can be broadly classified as a term that refers to the integration, collaboration, and connectivity between business partners using the digital medium for the entire process from planning to designing. Precisely digitalization automates all the tasks and processes that take place.
Digitization, on the other hand, means to convert a physically manufactured goods into a digital product. For example when the hard copy of a book is converted into an e-content. Digitization can also mean using GPS systems or sensors to monitor goods with the help of internet of things (IoT) and other innovative technology. Unlike digitalization, digitization literally converts the products
Among the many benefits of the digital supply chain, the most important one is the cost effectiveness of the services and the value-added services. The key factor of supply chain integration is its ability associated with minimizing governance costs, which include the cost of exchange with other organization and with those within the firm. The system improves collaboration between business partners since data visualization tools will help to make changes in both physical and digital characteristic of the supply chain.
Leveraging Digital Technology For Consumer Engagement
White Paper By: Nous Infosystems
The subject of Consumer Engagement is never the same and faces a lot of challenges with the advancement in the communication technology and information technology; it has to be approached with a 360 degree view rather than looking at only one or two factors. By developing effective communication and consumer engagement capabilities through new technologies and strategies, payers can address...
Critical Capabilities For Effective Content Marketing
White Paper By: Aberdeen Group
With the majority of all marketers practicing content marketing, the demands on executing effectively with content have changed. Simply having content is not good enough. Marketers must use content in concert with other, well-refined marketing capabilities. This whitepaper highlights that simply practicing content marketing contributes to improved effectiveness and when the right...
Understanding Power Consumption in Digital Electronics
White Paper By: Crystal Group
In digital electronics, effective thermal management comprises a vast number of design considerations that must be accounted for before fielding computational hardware for low maintenance installations into high stress environments and operating conditions. Simply powering on a server and measuring the current without taking these variables into consideration will almost always result in...
Speeding Banks’ Innovation In Digital Services And Payments
White Paper By: digitalML
Digital Banking leaders succeed by coupling the right approach with an organizational and process transformation that brings effective API design management, avoiding the danger of just adding on another layer of API chaos. Whether by pursuing new high growth opportunities in payments, or new business lines targeting the under-banked, the right integration and service-delivery approach...
Enterprise Digital Services & Digitalization Framework
White Paper By: Bristlecone
Since digitalization is the key to enhancing customer experience, organizations go through the digitalization journey to create an ecosystem and provide a significant number of products and services which focus on the customer experience. This whitepaper defines digitization as the process by which various analog elements into electronically readable formats in order to create a paperless...
Introducing A Digital Distributed Antenna System (DAS) For Public Safety In-Building Communications
White Paper By: Dali Wireless
In today’s emergency services operation, reliable public safety communications are essential from dispatch to mission critical situations and from voice only capabilities to voice and data. Public safety communications have evolved from fire call boxes, analog land mobile radios (LMR) to digital LMRs and trunked radio systems. Therefore, a flexible, future-proof and reliable solution...