With disruption increasing, radical changes in consumer behavior, supply chains, and routes to market are throwing organizations off balance. The drastic changes have underscored the need for leaders to speed up the adoption of new ways of working and doing business.
Rapidly growing market disruptors have threatened businesses, and the scale of the impact made by them eclipses anything most supply chains will have seen before. The speed of escalation calls for continuous end-to-end assessment, monitoring, and optimization.
Companies need to respond quickly and confidently to shape and execute a short-term tactical strategy backed with technology that will alleviate the risks to human health and safeguard the functioning of global supply chains. In order to do that, strong data and analytics and modern data integration capabilities are essential. Not only can they bolster organizations’ capability to handle complexity but also anticipate potential disruption and develop a response.
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Supply chain disruption is not inevitable. But a strong data integration strategy throughout their supply chain systems are finding ways to navigate the chaos. It helps them aggregate data channels that allow business users to pivot rapidly and make smart, adaptive decisions. The self-service integration platform plays an important role here.
The shift happening in digital supply chains isn’t new. Logistics companies have been switching to digital processes to drive business faster. In the current times, it’s impossible to operate without a digital transportation management system (TMS) or chain-of-custody software. A majority of firms are even choosing technologies such as blockchain decentralized freight management and tracking. Digitization offers benefits:
It provides accountability and transparency into processes or operations.
It makes business more agile and adaptable.
It alleviates costs by making operations leaner than ever.
It reduces liability and loss.
It improves real-time logistics to make users easier to do business with.
Digital supply chains are quicker, cheaper, and more reliable in comparison to paper trails. But even though these perks used to provide third-party logistics providers (3PLs) and supply-chain managers a competitive edge, the digital supply chain is now the new normal. The rise of disruption has made this even more obvious. There’s an urgent need for companies to have a data-driven supply chain to drive decision-making in the time of uncertainty.
Modern data integration solutions transform the way the supply chain operates. It helps companies take segmented logistics data out of isolated silos to harness its true potential. It provides powerful insights that help companies serve their customers better.
Data integration paves a new path for smarter supply chain data management by enabling tangible insights. It makes it easy to recognize supply chain data and identify possibilities.
Many modern integration solutions offer self-serve capabilities to allow business users to consolidate customer data and garner insights. With features like pre-built application connectors, shared templates, AI-enabled data mapping, dashboards and more, users can build data connections and integrate new customers at the speed of business.
Manually integrating data into spreadsheets increases the chances of mistakes and compromises authenticity. But when data is aggregated, cleaned, and organized through a self-service integration solution, fetching insights become easy.
Self-service integration underpins the success of digital supply chains. It helps users transform data into rich workflows of actionable insights without relying on IT excessively. The best part is that it enables them to analyze customers and deliver.