The Digital Transformation of Supply Chain Management

Supply chain management is under increasing pressure from both classic and contemporary challenges, such as pressure to increase overall efficiency and manage a more complicated vendor mix, respectively. Now, a host of digital innovations offer more opportunity to address these challenges. This has sparked a flurry of innovation, with hundreds of companies developing digital tools to address aspects of every segment of supply chain management – planning and forecasting, purchasing and procurement, inventory, warehousing, transport, and supply chain platforms. In our analysis, we find that while warehousing and transport have the most innovation activity, planning and forecasting and platforms have outsized importance; while the move to digital supply chain management will facilitate a highly dynamic process with very different priorities.