It is important to connect with every link in the value chain and to create a supply network that is far more accessible, more transparent, and more agile so that it can respond immediately to change in a flexible manner. The goal of such digital transformation is to achieve the desired result of shorter cycle times, lower production and operating costs, and a much wider range of data analysis options. In essence, it is about making areas that are shut off from each other more transparent, optimizing cooperation and enabling them to react quickly to risks. A digital supply chain is based more on integrated intelligent solutions than on manual input, which would require a number of employees to carry out tedious and time-consuming tasks.
If several partners, suppliers, and production sites are involved in a manufacturing process that might even stretch around the globe, the solution is to knock down walls around isolated areas and to minimize or eliminate barriers to collaboration. A key technological factor on this front is business intelligence or big data, which gives companies an immensely important push to gather, reproduce, and analyze large volumes of information. In turn, this enables them to use data in an intelligent fashion, sharing it with partners in the value chain to set out better planning strategies. It goes without saying that data security is a prerequisite.