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The Financial Literacy Link To Supply Chain Digitization

January 07, 2020 / PYMNTS.com

Supply chain management is increasingly more strategic than operational, enabling businesses around the world to improve their bottom lines while meeting the intensifying demands of end customers: quick and convenient ordering, faster and cheaper delivery, greater product choice and more. In recent years, Industry 4.0 has opened up the opportunity for supply chains to not only digitize, but modernize. Internet of Things (IoT), robotics process automation (RPA) and autonomous vehicles are just some of the cutting-edge solutions offering positive disruption. According to research from JDA Software and KPMG, the C-Suite is eager to invest in these technologies to ramp up their supply chain management strategies. Supply chain technology offers a level of automation, error mitigation and efficiencies that humans, in many cases, cannot provide. Indeed, supply chains are in the midst of a technological revolution, according to George W. Prest, CEO of logistics and supply chain association MHI...