“If the vision of Industry 4.0 is to be realized, most enterprise processes must become more digitized. A critical element will be the evolution of traditional supply chains toward a connected, smart, and highly efficient supply chain ecosystem.” – https://www.strategyand.pwc.com/reports/industry4.0
This is one of a number of authors, strategists, and supply chain / procurement vanguard thinkers foretelling what is upon us – the digital supply chain transformation! Having recently joined a new co, 6Fusion, as head of Supply Chain Transformation & Strategy, I can tell you from a practitioner’s perspective that this is real and imminent. My most recent experiences led me to this conclusion as I oversaw supply chain transformation itself. The key was the asset record!!
I am going to sound like a broken record, but underneath all the strategy and planning and technology sits the asset record. It is what we buy, sell, and manage!!
“Once built — and the components are starting to be developed today — the digital supply “network” will offer a new degree of resiliency and responsiveness enabling companies that get there first to beat the competition in the effort to provide customers with the most efficient and transparent service delivery.”
As Stefan & Philipp opine in their article, once this is built and commerce & supply chains for business are done on a platform, the efficiency gains are going to reshape industries!!
I am going to be making an effort to write more about this from our first hand perspectives as we are driving this now in two major vertical markets – we are at present connecting to the various asset dbs and seeking to create the quintessential asset record to be stored and accessed on our platform – it is so exciting to be in the midst of it as the opportunities are quite literally orders of magnitude larger than the consumer economy itself!! Stay tuned….:-)