Found in 247 News & Content,
with a score of 3.02
The Difference Between Modernizing & Digitally Transformation We recently spoke about the difference between modernizing and digitally transforming. Put simply: Modernizing is upgrading the systems you have in place or purchasing a standalone system to digitize a specific function; digital transformation is a mindset, an ongoing process of innovation, evolution, and growth. A company can be both modernizing and transforming at the same time, but most businesses are typically only modernizing and solving pain points without developing an underlying vision and roadmap for transformation. In a recent survey by Havard Business Review, sponsored by Microsoft, titled “A Resilient Supply Chain…
Found in 247 News & Content,
with a score of 2.85
…selected as the preferred cloud partner for Maersk’s digital “transformation journey,” supporting its high-value assets such as carrier performance, equipment utilization and supplier performance. Microsoft Azure is the digital platform of record to power Maersk’s app store and help fuel business model innovations. In total, Maersk estimates that the power of data will help save tens of millions of dollars to the bottom line annually. “Our aim is to simplify and enhance visibility in supply chains by providing a seamless end-to-end digital experience for our customers,” said Ibrahim Gokcen, chief digital officer, Maersk. “Microsoft Azure is the cornerstone in our…
Found in 247 News & Content,
with a score of 2.83
COVID-19 shaping Digital Transformation In some respects, the imperative to pursue Digital Transformation is even more urgent in light of the pandemic and its repercussions. Also, the crisis has significant implications for the way artificial intelligence (AI) - a core component of DT - is deployed in the supply chain domain. Digital Transformation-derived flexibility gaining currency The pandemic is testing the resilience of supply chains as never before, and the consequences for how supply chains are designed and operated will take years to play out. However, what is already clear is that DT will help to define what we mean…
Found in 247 News & Content,
with a score of 2.47
…both for agile custom approaches or crystallized in business transformation methods like Genpact’s Smart Enterprise Processes. As described in the chart above, design thinking will typically precede and complement Lean at the beginning of the journey. Lean leverages the design thinking ideas and help operationalizing them by keeping into account the legacy environment where those ideas will be implemented. In the end, for those area where maturity and stability are important, Six Sigma or equivalent can be applied. Importantly though, Lean management practices can be applied almost throughout the entire maturity cycle - always with the objective of avoiding digitizing…
Found in 247 News & Content,
with a score of 2.38
…Sloan School of Management about Organizational Design for Digital Transformation. My curiosity on the topic (digital transformation), inspired by the daily barrage of articles, emails, white papers, and webinar invitations on digital transformation, piqued my desire to get to the bottom of what it is or isn’t by way of an informed, expert source. I must say, MIT opened my eyes to another way of thinking. Why Modernizing Won’t Provide the Future Value You’re Looking For MIT’s view on digital transformation offers five building blocks: the operational backbone, shared customer insights, a digital platform, an accountability framework, and opening up…
Found in 247 News & Content,
with a score of 2.21
…in change and change will come with the digital transformation of the supply chain, which is the major focus for executives in 2018. Much change in the supply chain industry will be due to innovative technologies for digital transformations, along with the recent tax reforms (see below), and the still-current driver shortage/capacity crunch. The digital transformation of the supply chain will change everything – for the better. These are the innovative technologies that I predict companies must use to undergo this transformation within their supply chains: Cloud-based technology deployments lower cost of ownership due to not having a large capital…
Found in 247 News & Content,
with a score of 2.19
…leading e-retailers have looked at the concepts of digital transformation and the industrial internet of things (IIoT) to address escalating distribution and fulfillment challenges. These retailers are recognizing the value and necessity of embarking on this technological journey — making the transitions from manual to automated processes; from disparate to connected workers and systems; and from localized to enterprise-wide visibility into all fulfillment activities. It’s a transformation that Honeywell Intelligrated is enabling through our Connected Distribution Center offering. From machine-level sensors, connected workers, material handling equipment and robots to automated systems, cloud storage and insightful data analytics, we’re giving e-retailers…
Found in 247 News & Content,
with a score of 2.13
…better organized to handle this growing trend, download Digital Transformation for Restaurants, which looks at how restaurant companies can become more responsive to customer demand, maintain quality, and at a lower cost to serve. Related Article: How Restaurant Supply Chains Can Achieve A Network Effect Related Papers Recipe for Success: A Fresh Approach to Digital Transformation of the Restaurant Supply Chain This report details how a leading restaurant company lowered costs, waste, and improved service, freshness and safety, and moved beyond spreadsheets and legacy ERP systems. Download Now! Journey Through Your Supply Network Digital Transformation In this paper, One Network…
Found in 247 News & Content,
with a score of 2.05
…improve, modernize or overhaul your SCM systems? Source: The Journey to Digital Supply Chain Transformation Visibility means being able to track components and raw materials in real time to ensure the physical flow of goods through your supply chain goes according to the plan and to better diagnose, predict and respond when things go wrong. But to get to that level of visibility, most companies need to modernize their supply chain management software to collect data from suppliers and turn it into insights. How can your company gain from increased supply chain visibility, and how does the software take you…
Found in 247 News & Content,
with a score of 2.04
…become a data-driven organization. In addition, when undertaking this transformation, many leaders tend to think of 'data-driven' from a single perspective - numbers. Data takes many forms. It can be observations, open commentary, or even dialogue. Not all data can be easily cataloged into spreadsheets and line graphs, and sometimes that data is the most valuable. When organizations define data narrowly, employees have a hard time understanding what data is valuable and what data isn't. If your company culture is geared towards only the statistically provable, you overlook many subtle insights that both customers and employees can capture and utilize…
Found in 247 News & Content,
with a score of 2.02
…trust in our ability to help enable their digital transformation and simultaneously improve their key performance metrics in customer service, sustainability, throughput, and profitability is what motivates our product teams to innovate, especially in AI/ML, warehouse execution, micro-fulfillment, and composable solutions. This is what one of our valued customers is saying about the benefit we provide to their digital journey; Arcadia Cold has chosen to implement Blue Yonder’s warehouse management system (WMS), labor management, and warehouse tasking to futureproof its warehouse and transportation operations: Chris Lafaire, CIO, Arcadia Cold: “As a fast-emerging logistics company, we were seeking a supply chain…
Found in 247 News & Content,
with a score of 2.01
…embraced by global CIOs as part of their digital transformation initiatives. “BlockEx is pleased to partner with OpenText,” said Adam Leonard, CEO of BlockEx. “Our partnership allows some of the world’s largest supply chains connected to OpenText™ Business Network to simply opt-in to blockchain-based trade finance”Adam Leonard, CEO of BlockEx “Teaming up with OpenText to develop a blockchain-based trade finance marketplace is truly exciting. Our partnership allows some of the world’s largest supply chains connected to OpenText™ Business Network to simply opt-in to blockchain-based trade finance.” The BlockEx (Digital Asset Exchange Platform) DAxP is a digital asset creation, issuance and…
Found in 247 News & Content,
with a score of 1.99
…companies today are only 20 percent along their cloud journey, renting compute power to cut costs,” she said. “The next 80 percent is about unlocking real business value and driving growth. This is the next chapter of the cloud. It requires shifting business applications to hybrid cloud, extracting more data and optimizing every part of the business, from supply chains to sales.” “Open source is the default choice for modern IT solutions, and I’m incredibly proud of the role Red Hat has played in making that a reality in the enterprise,” said Jim Whitehurst, President and CEO, Red Hat. “Joining…
Found in 247 News & Content,
with a score of 1.98
Assisting Companies with Digital Transformation E2open, the one place in the cloud to run your supply chain, is uniquely positioned to assist companies with digital transformation as the only vendor listed in Gartner’s multienterprise network as well as both supply chain planning Magic Quadrants. E2open has been positioned by Gartner in the Leaders quadrant as the vendor with the highest overall score in its November 2018 Magic Quadrant for Multienterprise Supply Chain Business Networks. Download the complimentary 2018 report to see Gartner’s take on the market with their evaluation of E2open and the other vendors. As the world’s leading information…
Found in 247 News & Content,
with a score of 1.98
…Dummies, provides you with a handy book full of everything you need to know to get started on your journey. Download Now! Enterprise Information Management in the Cloud Enterprise Information Management (EIM) is the platform for digital transformation in the enterprise that automates complete processes from customer engagement to business insight, technologies, and practices that work together to maximize the value of information while mitigating its risk. Download Now!