Three benefits of a digital supply chain

At the moment, digital supply chain has the following benefits.

One of them is that the digital supply chain is more adaptable and can respond to environmental changes more quickly. With the orientation of mining sitedigital technology, supply chain management has taken on a broader meaning, and must integrate all aspects of production processes, product supply, information management, and profit distribution, which is a key responsibility for companies to achieve their business vision and drive value growth, and is especially important for improving efficiency and even the survival and development of enterprises. However, despite the great efficiency created by on-time supply chain delivery, the entire supply chain may be immediately disrupted due to problems encountered at one stage of the supply chain.

To address this issue, digital supply chain decisions must revolve around the entire process of delivering company value, and high-level supply chain planning decisions should revolve around the entire production process. The digital supply chain can make more accurate estimates and forward-looking forecasts, as well as optimize all parts of the supply chain using optimization algorithms, thanks to digital technology. It can provide intelligent decisions covering production planning, material planning, flush measurement, detailed scheduling, and other aspects such as order delivery rate, order fulfillment cycle, error handling response speed, and other data, allowing for flexible decisions and strategies to be adjusted in real time, reducing the impact of external uncertainties and other risks.

Second, digital supply chain costs are lower, which can result in cost savings and increased efficiency for businesses. There is broad agreement that digital transformation can break through the constraints of space, time, and industry boundaries to reconfigure the way the economy works, with significant implications for business management and costs. This is due to the digital economy era's increased focus on customer demand adaptation, digital technology's role in promoting the flow of talent, technology control, cash flow, alleviating the supply and demand matching inefficiency dilemma, completingUsed miner production, providing, sales integration, reducing external transaction costs, and promoting supply chain efficiency.

The rigid intermediaries in the previous linear supply chain are constantly de-intermediated in the search for the lowest factor cost to care about customer needs, which affects the shape of the global supply chain from the source. Companies must frequently communicate and coordinate with customers and suppliers in the supply chain, build supply chain collaboration platforms, and thus carry out internal resource allocation, so accounting and data and information transmission may be in high demand. This necessitates the diversification of mobile terminal devices, allowing data applications to overcome time and space constraints, and platform organizations to leverage the information diffusion and knowledge spillover effects, breaking the isolation between the production and consumption stages. However, due to the inertia of the Chinese market and the lag period in the recognition of new product technology, as well as other factors, China's supply chain digitalization process in the participation of domestic and international competition and market development to achieve results or advantages must be time-consuming and cumbersome.

Third, digital supply chains are more resilient, and digital technology can effectively identify, respond to, and detect supply chain disruption risks. The supply chain ecosystem's environment is constantly changing, and natural disasters and other unexpected events can cause supply chain disruptions, so it is critical for the supply chain to be resilient enough to respond and recover quickly.

In reality, traditional supply chains have many information silos, and the lack of interoperability of such information between enterprises limits the effective connection of business between enterprises, which is not conducive to improving supply chain resilience. The Internet of Things, blockchain, and other digital intelligence technologies that enable remote and real-time monitoring, confirmation, and manipulation to enhance the geographically generally fragmented supply chain, relying on workflow monitoring throughout the process to provide users with immediate warning information, bring enforceability support for supply chain information transparency. The supply chain between enterprises is built on the integration of internal and external knowledge factors and innovative resources, generating offline and online multiple combinations of high-frequency purchase and delivery methods between enterprises to improve the supply chain's ability to communicatebitmain quickly. Play the role of supply chain intelligence to promote the work of complementing, repairing, and strengthening the chain, as well as to improve the supply chain ecosystem's resilience and softness. It should be noted that transparency of trade flow, capital flow, and information flow in the supply chain process does not imply complete publication of all company data, and encryption technology can ensure the privacy of each supply chain participant.