The promise of digital business is increased top and bottom line performance. The digital nodes that are coming online and being made available are vast, and many of them speak different languages. The ability to unite and share information among nodes is the digital thread, a key component in the transformation to a digital supply chain.
Creating a digital thread isn’t without challenges. A sampling of these challenges includes:
Companies need to have a phased approach to selecting how to bring the digital supply chain together while they weave the digital thread through their value chain. Companies need to be able to add to or take away the nodes of the digital thread as business needs dictate.
Despite those challenges, the digital thread is an important tool for not only connectivity throughout your value chain, but also the visibility that tells you where problems exist among the different nodes. These problems manifest as a digital bottleneck that prevents or delays the exchange of information. And without that information, you can’t reap the full benefits of the data-driven digital supply chain.
You might assume these bottlenecks are easy to spot. Just look for a gap in information, right? Yet it’s not always easy to identify digital bottlenecks, especially if they’re buried in layers of a particular node. Additionally, some data points may not be visible, which makes them harder to track.
That said, it’s possible to understand not only where the bottlenecks are, but also why they exist. As you add nodes to your value network, be sure to set up the automated data collection infrastructure and analytical capabilities to track all aspects of that node. As a result, you’ll have the information to know if they’re performing as expected. And if they aren’t, you can quickly take appropriate action to resolve the issue.
Here’s a closer look at what you should track in each node:
Previously, this sort of tracking would have required multiple solutions, as well as a significant time commitment to identify, research and solve the business problem. Now, there’s a faster, easier way to build the digital thread that will help improve your operational performance.
With the DSI Digital Supply Chain Platform (DSCP)™, you’ll have the comprehensive solution to capture all of the required information, including real-time analytics that will enable you identify and troubleshoot digital bottlenecks. With a functioning digital thread, you’ll be ideally positioned to reap the benefits of digital supply chain transformation, a key part of which includes capturing and analyzing real-time, omni-channel data at every node.
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