Key elements of Digitized Supply Chain

Key elements of Digitized Supply Chain Resource box - RK Foodland is one of the leading companies who is engaged in serving the solutions of supply chain management that will benefit the agriculture and food service field. They will impart their services in the main areas of logistic management accompanied by value added services. Technology is evolving the world around us at an exponential rate. Being a part of the Supply Chain universe at this time is very exciting because of the emergence of advanced technology in it. All forward-thinking firms are transforming their supply chains from an analog to a digital one. To define and operate the Digital Supply Chain of the future, supply chain professionals will need to develop a completely new skill set. But the benefits of shifting to a digital supply chain are far greater than the cost of acquiring the technologies and skillset to do so. Key elements of a Digitized Supply Chain are: ▪ End-to-end visibility (E2E) Visibility is one of the most crucial indicators of a functioning supply chain. You are almost certainly not getting the full benefits of digitization if you have a fully digitized value stream but cannot access mission important data for planning or production workflows. If data streams from IoT devices and RFID chips are collected in a centralized, connected IT environment, you've most likely laid the groundwork for a lean, agile supply chain.Simply being able to access a piece of data from wherever up or downstream in your sourcing, production, or transportation processes means you're already in a position to make the best decision or respond to an event when it comes time to make a decision or respond to an incident. ▪ Real-time Information Real-time visibility is the inevitable progression from E2E visibility. To be sure, this is yet another evidence of a well-functioning supply chain digitization. You are probably doing something well if your company has the IT infrastructure and resources to develop live data streams that can be accessed from any point along the value chain. Not only is real-time integration a valuable goal in and of itself, but it also paves the way for S&OE workflows and other critical functionalities, such as the one we'll cover in the next section: ▪ Integration of Analytics Of course, most of the data produced by a highly visible supply chain will have significant latent value for analytics. Advanced predictive and prescriptive analytics flows can go one step farther than a human planner in turning data into

meaningful insights, generating enhanced forecasts and process improvements through thorough data analysis. ▪ Management of Digital Assets The metadata, content, and related assets, such as album covers and movie poster art, are all managed by the digital asset management system. It's not uncommon for digital asset management systems to additionally handle content posting to a digital marketplace. Some digital asset management systems, which are designed expressly for the digital supply chain and electronic media delivery, will follow the progress of content as it moves through the digital supply chain. A good digital asset management system should also contain reporting capabilities that can provide information on the status of different components of the digital supply chain. All forward-thinking companies are moving to a digitized supply chain. They will provide a couple of benefits that will help the clients in different areas. Not only this, their benefits are availed by most of the big companies who are satisfied in the perfect way. Summary-In order to improve their supply chain, digital supply chain integration strategies make use of breakthroughs including big data, the internet of things, artificial intelligence, machine learning, and augmented reality.