Nov.2023 29
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What is a ORACLE NetSuite Digital Supply Chain?
Details
The processes around a typical supply chain include designing a product, sourcing and procuring the raw materials and parts for the product, manufacturing the product, and then delivering the final product to the customer. Enabled by and automated in software, a digital supply chain provides greater visibility into the functions of each stakeholder along the chain, helping business make better decisions about the sources of materials they need, the demand for their products and all of the relationships--from suppliers to warehousing to fulfillment--in between. Items travel linearly in a traditional supply chain, with each step dependent on the one before it, which can cause major delays. Since a digital supply chain integrates internal systems and data with external information, businesses can collect, monitor and analyze data to anticipate issues and proactively respond, quickly and efficiently.
A digital supply chain is a set of processes – enabled by and automated in software – that increases visibility and control along the different steps of that coordinated network.This enables businesses to make better decisions about the sources of materials they need,
the demand for their products and all of the relationships in between.
In a traditional supply chain, items travel linearly, with each step dependent on the previous one. A delay in a subassembly or shipment along the way may not be discoverable for days or weeks, resulting in missed deadlines and unhappy customers.
A digital supply chain integrates internal systems and data with external information. This allows businesses to collect, monitor and analyze data to anticipate issues and proactively respond...without laborious preplanning.
Companies committed to a digital strategy are able to optimize all available supply chain assets, control costs at each step and deliver items to customers on time and to specifications.