8 Key Elements of Supply Chain Digitization
Economies around the world are embracing Industry 4.0, and that means supply chains must as well. The third industrial revolution saw the introduction of computers and automation. 4.0 takes that a step further by connecting a myriad of data points and using machine learning to take automation to new levels.
“If the vision of Industry 4.0 is to be realized, most enterprise processes must become more digitized,” wrote Stefan Schrauf, a partner with PwC Strategy in Germany, and Philipp Berttram, a principal with PwC Strategy, in a recent white paper outlining the digitization of the supply chain. “A critical element will be the evolution of traditional supply chains toward a connected, smart, and highly efficient supply chain ecosystem.”
How digitized is your supply chain?
In the latest installment of the “High Tech, High Touch” series, FreightWaves writer Brian Straight outlines the eight key elements of a digitized supply chain and shares insights on how shippers can partner with Managed Transportation Services providers to realize the benefits of a more transparent, efficient, and cost-effective supply chain.
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To read previous articles in the series, please click here.