Cost shedding and process optimization are the typical drivers of supply chain technology purchases. No surprise there. However, according to Gartner, a shift is taking place. Now supply chain managers recognize technology as a strategic asset, linking said drivers with value creation.
I came across this notion last month at the 2013 Gartner Supply Chain Executive Conference in Phoenix. The theme was simple: to achieve supply chain management success, enterprises must adopt technologies with real time, analytic and predictive capabilities. The goal is to formulate strategies in which the supply chain function and enterprises’ value proposition tie together. Additional conference insights included:
- The desire to reduce integration costs is accelerating SaaS adoption
- Visibility and event management (alerts, notification, etc.) technologies are critical compliance levers
- Due to today’s business climate, supply chain managers are embracing solutions with favorable financing options, such as subscription or transaction based services
- By 2016 more than 40% of new business logistics application purchases will be cloud based
OpenText has a host of services specializing in supply chain data integration to improve process speed, performance, reach and profitability. Click here to read more; it might help earn your seat at the table where C-level executives make strategic decisions.