How to Build Business Value with a Digital Supply Chain

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Companies today operate on more flexible models that require them to rapidly assemble resources on a project basis to address the biggest challenges of the moment and disassemble them just as quickly to be more agile and profitable. They are increasingly looking externally for innovations – whether it's tapping call centers and third-party logistics providers to enable new models for customer engagement; or outside design partners and knowledge workers for product and service innovations; or contract manufacturers for assembling products in new and more efficient ways. These new business models demand higher levels of agility and knowledge frameworks. And the way to enable this is through dynamic digital communities like business networks that can connect you with the applications, intelligence and partners you need to discover, connect and collaborate in the simplest possible way.

The world today is a different place. There are officially more mobile devices than people. And with increasing frequency, we use these devices to manage our lives, to shop, to pay for things, to find restaurants and hail cabs, and to network with our friends and family. Many of these same technologies are now making their way into the enterprise – transforming the way we work. Business networks, for instance, are changing the way we discover, connect and collaborate with our trading partners. The supply chain is, in essence, becoming more digital.

And this is not only driving greater agility, efficiency and innovation, but creating business advantage for companies that are on board with the trend. In fact, research shows that companies who have embraced the digital world and execute digital strategies are seeing real shareholder and stakeholder value. Value creation is significant, with +9 percent revenue creation, +26 percent impact to profitability, and +12 percent market valuation.

In this slideshow, Ariba, a SAP Company, has identified five tips to help you enable a digital supply chain and create value for your business.


Related Topics : Vulnerabilities and Patches, Resellers, Broadcom, Broadband Services, Supercomputing

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