While the right technology can certainly help supply chains become more efficient, it is also important to remember that the success of a supply chain is not solely dependent on the technology. Human resources, processes, and strategies also play a major role in the success of a supply chain. It is essential for companies to recognize the importance of all these factors and develop a comprehensive approach to ensure the success of their supply chain.
Unlock the Secrets of the Supply Chains of the Future!
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Modern technology is needed to achieve modern outcomes, and this rings especially true for supply chains. According to research published in 2022 by McKinsey, nearly three-quarters of supply-chain functions rely on spreadsheets and more than half use SAP Advanced Planning and Optimization (APO), a popular but antiquated supply-chain-planning application. However, with the right technology, supply chains can become more efficient, reduce costs, and increase customer satisfaction. Gary Iles, senior vice president of marketing and business development at TraceGains, explains the DNA of the supply chains that will succeed in the future.
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