How to Build Business Value with a Digital Supply Chain

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The digital economy is real, and it's here to stay. Digital supply chains are the onramp to innovation and success in this economy and if you want to be among the winners, you need to get on the highway and go fast. Start today by reimagining your supply chain. Develop digital strategies that allow you to proactively evolve ahead of the competition. Employ comprehensive solutions that support the entire source-to-settle process and create value for all parties involved in it. Don't just think about the future, see it and shape it to your advantage. In doing so, you'll deliver your organization to new worlds of excellence.

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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