Digital Empowerment in Supply Chain Management
On April 29th 2021, Prof. Dr.-Ing. Andreas R. Voegele, Senior Advisor and former Partner at EAC International Consulting hold a web-talk on “Digital Empowerment in Supply Chain Management” in the Best Practice Solutions Series at Hochschule Esslingen. The participants were the students of the MBA “International Industrial Management”, mainly from Asia and Eastern Europe, as well as selected MBA alumni.
Digitalization in SCM results in a change of interaction into a new decade towards SCM 5.0 with the key aspects real-time Data Analytics, Automation, Agile Operations and Artificial Intelligence with technologies such as Cyber Tracking, Sensors, Blockchains, Digital Twins and more. Conclusion: For many companies digitalization is still a lip service – the implementation maturity of these key aspects is still between 25 - 70 %. The key implementation challenges for SCM digitalization are manifold like structured data availability, data integration, system implementation and people with desired skillset. Therefore, real transition requires understanding, willingness and enablement.