As CFOs move beyond traditional accounting responsibilities to take on strategic roles in their organizations, many realize that they can do more to optimize their global supply chains. Spreadsheets, emails, and paper are no longer an effective way to gain control of today’s far-reaching supply chain.
Incrementally enhancing the current operational model will only provide incremental improvements, at best. A quantum leap requires transformative thinking to discover new ways to overcome challenges. In all aspects of business, companies that fail to digitize their processes are missing valuable opportunities to ensure peak performance and capitalize on business opportunities.
Implementing a digital model of the global supply chain provides that quantum leap. It makes it possible to share, process, and analyze information. These methods provide for reduced costs and risks and enable “digital agility” — the brass ring of supply chain success. This digitization creates control and ownership over the global supply chain and reduces dependency on third-party providers, point solutions, and manual methods like paper documents, spreadsheets, and emails.