Skip to main content
  • login
  • contact
  • language
    • English
    • Español
    • Português
    • Deutsch
    • 简体中文
  • search
X
GEP HOME GEP HOME
  • Company
    • Leadership
    • Customers
    • Partners
    • Sustainability at GEP
    • News
    • Events
    • Culture
    • Mission & Vision
    • Awards & Recognition
  • Solutions
    • Strategy
      • Procurement Consulting  
        • Procurement Transformation
        • Digital Procurement Transformation
        • Opportunity Assessment
        • M & A Services
        • Strategic Cost Management
        • Supply Risk Management
      • Supply Chain Consulting  
        • Environmental, Social and Governance
        • Supply Chain Strategy
        • Supply Chain Diagnostics
        • Inventory Optimization
        • Network Optimization
      Software
      • GEP SMART  
        • Procurement Software
        • Direct Procurement Software
        • Indirect Procurement Software
        • Digital Procurement Transformation
        • Master Data Management
        • AP Automation
        • Spend Management
        • SMART S2P Technology
      • GEP NEXXE  
        • Supply Chain Visibility and Execution
        • Supply Chain Planning
        • Supply Chain Collaboration
        • Supply Chain Control Tower
        • Should-Cost Modeling
        • Inventory and Warehouse Management
      • GEP CLICK  
      • GEP MINERVA  
      Managed Services
      • Procurement Outsourcing  
        • Source-to-Contract
          • Spend Analysis
          • Strategic Sourcing
          • Category Management
          • Supply Market Intelligence
          • Tail-Spend Management
          • Procurement Support Services
        • Procure-to-Pay
          • Cost Recovery & Invoice Auditing
          • Accounts Payable
      • Supply Chain Outsourcing  
        • Planning & Forecasting
        • Inventory Management
        • Logistics Management
        • Supply Chain Data Management
        • Supply Chain Risk Management
  • Industries
    • Automotive
    • Chemicals
    • Consumer Packaged Goods
    • Energy & Utilities
    • Financial Services
    • Government & Nonprofit
    • High-Tech
    • Industrial Manufacturing
    • Life Sciences
    • Media & Entertainment
    • Oil & Gas
    • Retail
    • Software, Social & Platforms
    • Travel & Hospitality
    • Telecom
  • Knowledge Bank
    • Digital Transformation
    • Software & Technology
    • Strategy & Planning
    • Operations
    • Procurement
    • Sustainability
    • Insights From the Top
    • COVID-19 Resource Center
    • Inflation Strategies
  • Careers
    • Join Us
    • United States
    • Europe
    • Latin America
    • Asia Pacific
    • India
    • Campus Connect
  • Partners
   
  • GEP Strategy ›
    • GEP Strategy
    • ‹ Back
      • Procurement Consulting ›
        • Procurement Consulting
        • ‹ Back
          • Procurement Transformation ›
            • Procurement Transformation
            • ‹ Back
              • Procurement Strategy
              • Org. Design & Implementation
              • Capability Building
              • Change Management
              • Governance & Performance
              • Processes & Policies
              • S2P Operations
              • Sourcing & Category Management
              • Technology
          • Digital Procurement Transformation
          • Opportunity Assessment
          • M&A Services ›
            • M&A Services
            • ‹ Back
              • M&A Clean Room
          • Strategic Cost Management ›
            • Strategic Cost Management
            • ‹ Back
              • Zero-Based Budgeting
          • Supply Chain Risk Management
      • Supply Chain Consulting ›
        • Supply Chain Consulting
        • ‹ Back
          • Environmental, Social and Governance
          • Supply Chain Strategy
          • Supply Chain Diagnostics
          • Inventory Optimization
          • Network Optimization
  • GEP Software ›
    • GEP Software
    • ‹ Back
      • GEP SMART ›
        • GEP SMART
        • ‹ Back
          • Procurement Software
          • Direct Procurement Software ›
            • Direct Procurement Software
            • ‹ Back
              • Bill of Materials Management
              • Data Analytics & Reporting
              • Inventory Management
              • Master Data Management
              • Quality Management
              • Supplier Collaboration Portal
              • Supply Chain Operations
          • Indirect Procurement Software ›
            • Indirect Procurement Software
            • ‹ Back
              • Source-to-Contract
              • Spend Analysis
              • Savings Project Management
              • Category Management
              • Contract Management
              • Savings Tracking
              • Sourcing
              • Supplier Management
              • Procure-to-Pay
              • Guided Buying
              • Procurement Portal
              • Catalog Management
              • Order Processing
              • Invoice Management
          • Digital Procurement Transformation
          • Master Data Management
          • Product Accessibility
          • AP Automation
          • Spend Management
          • SMART S2P Technology
      • GEP NEXXE ›
        • GEP NEXXE
        • ‹ Back
          • Supply Chain Visibility and Execution ›
            • Supply Chain Visibility and Execution
            • ‹ Back
              • Inventory and Warehouse Management
              • Logistics Visibility
              • Control Tower
          • Supply Chain Planning ›
            • Supply Chain Planning
            • ‹ Back
              • Supply Chain Control Tower
              • Should-Cost Modeling
              • Demand Planning
              • Supply Chain Bill of Materials
              • Supply Chain Direct Sourcing
              • Supply Planning
          • Supply Chain Collaboration ›
            • Supply Chain Collaboration
            • ‹ Back
              • Forecast Collaboration
              • Purchase Order Collaboration
              • Quality Collaboration
              • Capacity Collaboration
              • Quality Management Software
          • Supply Chain Control Tower
          • Should-Cost Modeling
          • Inventory and Warehouse Management
      • GEP CLICK
      • GEP MINERVA
      • Innovation ›
        • Innovation
        • ‹ Back
          • Emerging Technologies
          • Native to Cloud
          • Native to Mobile
          • One Unified Platform
          • Security
          • User-Centric Design
  • GEP Managed Services ›
    • GEP Managed Services
    • ‹ Back
      • Procurement Outsourcing ›
        • Procurement Outsourcing
        • ‹ Back
          • Source-to-Contract
          • Spend Analysis
          • Strategic Sourcing ›
            • Strategic Sourcing
            • ‹ Back
              • MRO
              • CAPEX
              • Logistics
              • Packaging
              • IT & Telecom
              • Energy
              • Direct Materials
          • Category Management ›
            • Category Management
            • ‹ Back
              • Contract Management
              • Supplier Performance Management
              • Savings & Compliance Tracking
          • Supply Market Intelligence
          • Tail-Spend Management
          • Procurement Support Services ›
            • Procurement Support Services
            • ‹ Back
              • eSourcing
              • Supplier Performance Management
              • Savings & Compliance Tracking
              • Sourcing Support
          • Procure-to-Pay
          • Cost Recovery & Invoice Auditing
          • Accounts Payable
      • Supply Chain Outsourcing ›
        • Supply Chain Outsourcing
        • ‹ Back
          • Planning & Forecasting
          • Inventory Management
          • Logistics Management
          • Supply Chain Data Management
          • Supply Risk Management
  • Industries ›
    • Industries
    • ‹ Back
      • Automotive
      • Chemicals
      • Consumer Packaged Goods
      • Energy & Utilities
      • Financial Services
      • Government & Nonprofit
      • High-Tech
      • Industrial Manufacturing
      • Life Sciences
      • Media & Entertainment
      • Oil & Gas
      • Retail
      • Software, Social & Platforms
      • Telecom
      • Travel & Hospitality
  • Knowledge Bank ›
    • Knowledge Bank
    • ‹ Back
      • Digital Transformation
      • Operations
      • Procurement
      • Software & Technology
      • Strategy & Planning
      • Sustainability
      • Insights from the top
      • COVID-19 Resource Center
      • Inflation Strategies
  • Company ›
    • Company
    • ‹ Back
      • Leadership
      • Customers
      • Partners
      • Sustainability at GEP
      • News
      • Events
      • Culture ›
        • Culture
        • ‹ Back
          • GEP Core Values
          • Women@GEP
          • Diversity
          • GEP Cares
      • Mission & Vision
      • Awards & Recognition
      • Contact Us
  • Global Presence ›
    • Global Presence
    • ‹ Back
      • Americas ›
        • Americas
        • ‹ Back
          • English
          • Español
          • Portugués
      • Europe ›
        • Europe
        • ‹ Back
          • English
          • Deutsch
      • Asia-Pacific ›
        • Asia-Pacific
        • ‹ Back
          • English
          • 中文
  • Contact Us
  • Careers ›
    • Careers
    • ‹ Back
      • The GEP Way ›
        • The GEP Way
        • ‹ Back
          • All That Defines Us
          • Badges of Honor
          • Ideas That Drive Us
          • The GEP Difference
      • The GEP Life ›
        • The GEP Life
        • ‹ Back
          • Buddies and Mentors
          • Campus Connect
          • Fun
          • GEPSI
          • Women @GEP
      • Join Us ›
        • Join Us
        • ‹ Back
          • Global
          • United States
          • Europe
          • Latin America
          • Asia Pacific
          • India
  • Language ›
    • Language
    • ‹ Back
      • Deutsch
      • English
      • Español
      • Português
      • 简体中文
  • Rapid Response from GEP
  • BLOGS
  • Strategy
  • Technology
  • MIND
Contact Us
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Breadcrumb

  1. HOME
  2. BLOG
  3. TECHNOLOGY
  4. THINGS YOU CAN ACHIEVE WITH A DIGITAL FIRST SUPPLY CHAIN
Blog Image

8 Things You Can Achieve with a Digital-First Supply Chain

  • Struggling amid growing uncertainty, many businesses look to deploy technology and digitalize their supply chain
  • This can help them access real-time data, act quickly and make informed decisions
  • Among several other benefits, it enhances collaboration and enables a business to effectively work with suppliers

July 22, 2022 | Supply Chain Software Blogs

The past two years have been very challenging for businesses across industries, with many finding themselves in the midst of what is perhaps the longest disruption till date.

To mitigate the impact on business and prepare for the future, many have decided to leverage technology and digitalize supply chain operations.

But how exactly does a digital supply chain work? And more importantly, how can supply chain digitalization benefit your business?

Visibility Is the Key

The primary objective of digitalizing a supply chain is to enhance transparency and have end-to-end visibility of the movement of raw materials, components and finished goods across the network. Because of such visibility, a stakeholder at one end of the supply chain knows exactly what is happening at the other end of the network at any given point in time.

Here are some of the key capabilities of a digital supply chain:

1. End-To-End Integration

Digitalization aligns supply chain processes together and ensures that there are no gaps in your supply chain. It ensures that each process in the supply chain is in sync with subsequent processes. Thus, there is seamless communication and information-sharing across the entire network.   

2. Act, Not React

Digitalization ensures that you don’t have to look at things in hindsight. Instead, you get to call the shots. In other words, with a digital supply chain, there is a much-needed transition from a reactive to proactive strategy. You can actively monitor the market and prepare beforehand for likely changes in supply and demand as well as unprecedented situations. This can help adjust inventory and associated costs.

3. Access to Real-Time Data

Digitalization empowers your supply chain by providing access to real-time data. And with a unified supply chain platform, you can access all data in one place, which eliminates the dependence on disparate systems and multiple data streams. Real-time data helps your business act quickly, spot a deviation and respond in a timely fashion. Data analytics and advanced technology, such as artificial intelligence, can break down this data to derive useful insights.

4. Effective Risk Management

The unprecedented events of recent years have highlighted the significance of effective risk management. For many businesses, this is, in fact, the number one priority today. A digital supply chain helps you in this regard. As you work closely with suppliers and regularly evaluate their performance, you are in a better position to identify and assess risks that may arise at any point of the supply chain. As you foresee potential risks, you can be better prepared and take steps to mitigate their impact.

5. Agile and Resilient Supply Chain

Advanced, cloud-based platforms help build agility by enhancing scalability, speed and flexibility. Centrally hosted RFx, contracts and spend data reduce resource dependency and risk of data loss. Likewise, automated system for procure-to-pay (P2P) enhances accuracy and enables faster incident management and issue resolution. All this ensures that supply chains are resilient and not likely to crumble under pressure.

6. Supplier Collaboration and Performance Monitoring

A digital supply chain promotes collaboration and allows you to work closely with suppliers. A comprehensive supplier database aggregates spend, classification, certification and performance. With all this information, you can do a total cost analysis and make an informed purchase decision. You can also leverage a central repository of supplier performance and KPIs and a database of supplier issue logs to holistically evaluate suppliers.

7. Streamlined Technology Landscape

The deployment of digital automates routine supply chain workflows and reduces manual effort. You can focus on strategic goals and establish a vision for how digital applications can improve service, reduce costs and inventory levels to drive operational excellence.

8. Standardization

With digitalizing, everything in the supply chain network becomes standardized. Standardized, customized RFx and contract templates are centrally available within the organization as are should-cost templates and supplier forms.

The Takeaway

A digital supply chain is the need of the hour. Not only can digitalization build the much-needed resilience, but it can also align supply chain operations with strategic goals and objectives. Businesses witness improved visibility, responsiveness and collaboration and are well-equipped to handle potential disruptions.      

Tags: Supply chain transformation

Add Comment +

Leave a Comment

Your email address will not be published. Required fields are marked *

FEATURED POST

...
CAPEX Blogs

How to Optimize Oil & Gas Capex Planning Amid Russia-Ukraine War?

...
Supply Chain Software Blogs

Manage the Inflation Problem with a Digital Supply Chain

    BLOG CATEGORIES

  • Procurement Software Blogs
  • Supply Chain Software Blogs
  • Source to Pay Blogs
  • Contract Management Blogs
  • Inventory Management Software Blogs
  • Mobile and Cloud Blogs
  • Accounts Payable Blogs
  • Spend Analysis Blogs
  • Spend Management Blogs
  • Operations Blogs
  • Purchasing Blogs
  • Supplier Management Technology Blogs
  • Procure to Pay Blogs
  • Sourcing Technology Blogs

TAGS

Category Sourcing
Direct Procurement Software
Direct Spend Management
Consulting
MRO

By checking the box below, you consent to GEP using your personal information to send you thought leadership content – such as white papers, research reports, case studies – and other communications. GEP representatives may contact you to provide additional information or answer questions.

If at any point in time you decide to withdraw your consent, you may unsubscribe by emailing your request to us at privacy@gep.com.

Please refer to the GEP Privacy Statement to understand how we manage and protect your personal information.

Terms of Use | Privacy Statement

Contact Us

Ask Us

Send us your question(s)

RFP

Request for a business proposal

Feedback

Share your thoughts, comments and suggestions

Demo

Schedule a live demo of our software

Discover
STRATEGY
Strategy
  •   Procurement Consulting
  •   Digital Procurement Transformation
  •   Strategic Cost Management
  •   Opportunity Assessment
  •   Supply Chain Risk Management
  •   Supply Chain Consulting
  •   Supply Chain Strategy
  •   Supply Chain Diagnostics
  •   Inventory Optimization
SOFTWARE
Software
  •   Procurement Software
  •   Supply Chain Software
  •   Source-to-Contract
  •   Procure-to-Pay
  •   Supply Chain Planning
  •   Supply Chain Collaboration
  •   Supply Chain Visibility & Execution
  •   Supply Chain Control Tower
  •   Should-Cost Modeling
MANAGED SERVICES
Managed Services
  •   Procurement Outsourcing
  •   Strategic Sourcing
  •   Tail-Spend Management
  •   Category Management
  •   Procurement Support Services
  •   Supply Chain Outsourcing
  •   Supply Chain Planning & Forecasting
  •   Inventory Management
  •   Logistics Management
COMPANY
Company
  •   About Us
  •   Leadership
  •   Customers
  •   Sustainability at GEP
  •   Careers
  •   News
  •   Awards
  •   Partners
  •   Contact Us

Fresh Insights, Now on Your Phone

  • Dowmload On The App Store Button
Stay Connected
  •  
  •  
  •  
  •  

Latest Tweets

  • #GEP's Mike Jette discusses the implications to the #semiconductor global #SupplyChain following passage of the US… https://t.co/AnJLBhtEiZ

  • Registration for #GEPINNOVATE2022 is now live! Don't miss out on this opportunity to connect with the leading voice… https://t.co/yUMWz5W2lu

  • We are excited to welcome our new hires who’ve joined us through the #GEP #Launchpad program. They’re a part of the… https://t.co/hMkWe4d1OI

  • According to a survey from @TheEconomist, there is a #SupplyChain paradigm shift taking place. Are you ready? Get t… https://t.co/vr6ssKl9cV

  • Effective #ChangeManagement is imperative for #sustainability and #resilience. There are five pillars in an effecti… https://t.co/YUPyovprHu

  • At #GEP, we believe in giving voice to the diverse perspectives of our people. GEP YOUnited is a platform that welc… https://t.co/QDXzrxYbXq

  • Financial Times's @CPGspecialist (gated) discusses Kraft Heinz's partnership plans with #retailers' private labels… https://t.co/sUzePFUGde

  • Our #GEP Social Initiatives (GEPSI) team recently collaborated with @rha_india to distribute food at an impoverishe… https://t.co/RFPyhKNC7i

  • It’s much easier to set net-zero emissions goals than to meet them. How do #SupplyChain leaders get there? This… https://t.co/JRMmZCte8L

  • With the workforce returning to offices, how should #FacilitiesManagement teams prepare? What should they prioritiz… https://t.co/lc5tFzxEur

  • Poor #SupplyChain planning can bring your enterprise to a halt. Is your plan ready for today’s challenges? #GEP’s S… https://t.co/utyOxGvJ6Q

  • To beat volatility businesses have adapted to #AutonomousProcurement to reduce manual efforts and streamline proces… https://t.co/3lHqGqFyp8

  • #SupplyChain planning is not without challenges, but the rewards are immense. Download this #GEP paper on overcomin… https://t.co/5P45pV9cnj

  • #GEP VP Pramod Gupta outlines three priorities for #SupplyChain leaders to build flexibility and resiliency. For mo… https://t.co/3Q0uiopiJZ

  • The Russia-Ukraine war is creating supply constraints in #energy and #minerals. This #GEP blog details where compan… https://t.co/HAmCHEh72u

  • Facing hurdles meeting #ESG targets? This #GEP-sponsored @SM_Insider_ outlines the role of #data:… https://t.co/6oFHvZOmf3

  • Should #chemicals & plastics #procurement teams expect high prices and supply shortages to continue in Q3 and Q4? I… https://t.co/tTyM4MqT04

  • Is your digital operating model in need of a tune-up? Are mismanaged #disruptions costly? Get this #GEP guide to le… https://t.co/VN0KOJij94

  • Charusheela Amle shares what her journey has been as a part of Knowledge Services at #GEP. From technical skills to… https://t.co/0nbIHYqZJE

© Copyright GEP 2022. All rights reserved. Terms of Use | Privacy Statement | Cookie Policy | Modern Slavery Act Statement | GEP Logo