If one were to understand Digital Transformation in simple parlance, it would mean the changes associated with application of digital technology and integration into all aspects of human life and society. It is the move from the physical way of being to digital way of being.
So in a way digital transformation, per se, applies to all the aspects of society and having said so, its relevance to the business scenario is akin to the tools and techniques for envisioning the future and driving continuous Digital Innovation.
It is also analogous to Digital Disruption, when businesses and the way they operate, shift from their traditional mode of operation and management to the modern, innovative and technology oriented ways of operation.
With change being the only thing constant factor, digital transformation has become imperative for all businesses, small, medium and large. So is the case with the supply chains across industries, where the digital disruption is omnipresent. For a successful digital transformation in any business organization, digital maturity and a modern organization culture are of paramount importance.
At MindWorx, we believe that the need for innovative digitization in supply chain, resides on the following factors;
Customer loyalty is of paramount importance and hence providing customers with a delightful and quality experience in every aspect of delivery is of prime importance.
Process digitization and enablement of employee that promotes data-driven decision-making with the result of greater performance improvement and overall operational transparency.
Introducing new digital products and/or digitizing existing business models that goes beyond existing business needs and foster new innovative products and service and cater to changing business needs.
Technologies for building supply chain capabilities
A study shows that there has been low rate of digitization in supply chains and the reason for this has much to do with the capabilities of the technologies that companies have had available until recently. Although supply chains have been the early adopters of technology, with the advent of ERP, SCM, WMS systems. However, these systems have been restricted to streamling transactional activities rather than synergizing cross functional data from different activities or processes.
The latest digital technologies have made it possible for companies to comprehensively transform the way that their supply chains operate. The bottom line is to have more of a predictive than reactive approach.
Technologies of the likes of analytics, artificial intelligence, robotics, Internet of Things, and other advanced technologies enable businesses to process information automatically thereby either supporting decision making and other activities or automate them altogether. Digital transformation in supply chain is all about establishing a vision for how digital applications can improve service, cost, agility, and inventory levels and consistently implementing process and organizational changes that use these technologies to drive operational excellence
At MindWorx, we provide large set of services to customers ranging from Product Development, Product Modernization, Product Migration to Turnkey Solutions specifically addressing their supply chain needs and problems. Leveraging the power of mobility services, MindWorx has been successful in providing key customized solutions in process automation, thus empowering customers with better service and process agility. MindWorx’s center of excellence for IoT and AI has been instrumental in designing solutions for addressing specific problems faced in the supply chain, which remain untapped otherwise.
There is a need to acknowledge that digital transformation cannot be treated just as an IT project. It’s a transformational change that affects the way we do business – it’s about changing processes or the way businesses operate and not just about implementing a new software.