Often, solutions providers, thought leaders, and experts cover these critical topics without handing actionable insights to their audience - or simply tend to keep definitions blurry. Before we get any further, here is how we look at digital transformation: Latest tools & technologies yield higher competitiveness. Drive increased efficiency while lowering costs and risk levels. Automate manual, menial work. Focus on what matters. SaaS model. No upfront investment. No long-term commitment.
markets - combined with fierce competition at every level - makes transformation a requirement for survival. Modern technologies allow more productive and efficient supply chains, but organizations can’t afford to make a wrong move in their digital transformation. However, status quo is also not a viable option. Supplyframe SaaS solutions help 13,000+ companies worldwide to digitize their supply chain processes. Average lifespan of companies in the S&P 500* 1960: 60 years 2015: 18 years 88% of the Forbes 500 companies have either gone bankrupt, merged, or still exist but have fallen from the rankings in the last 60 years.* 12 24 36 48 60 1960 2015 PwC - The Rise of Industry 4.0 + Deloitte CPO Survey 2016
- Organizations are heavily investing into digital sourcing & procurement solutions. - Executive teams support the implementation of new procurement strategies within their organization 75% OF EXECUTIVES SUPPORT THE DEVELOPMENT OF DIGITAL PROCUREMENT 86% OF COMPANIES WILL COMPLETE THEIR DIGITAL TRANSFORMATION WITHIN 2-5 YEARS 20% OF ORGANIZATIONS HAVE DIGITIZED THEIR SUPPLY CHAIN SO FAR Deloitte CPO Survey 2017
success factors. The promise of successful digital operations in the supply chain is intrinsically tied to these two factors. Data Accuracy & Integrity Integration & Communication Analytical Sourcing Skills Bad data, bad decisions Connect workflows Clerical vs Strategic +
Most organizations don’t have the big data and analytics expertise in house to build these solutions internally. A few specific vendors are equipped to aggregate, parse and process large volumes of industry-specific data. In return, this new class of sourcing tools provides accurate AI driven recommendations to help teams make better decisions, consistently.
critical. Sourcing and procurement teams need to know if parts are procurable. Scaling up production requires efficient RFQ management. Larger organizations require enterprise- grade solutions. Companies need a reliable way to vet outside vendors. Access to top worldwide suppliers is necessary for procurement. TODAY’S CHALLENGES IN SOURCING + PROCUREMENT
top-performing organizations work: FROM CLERICAL TO STRATEGIC Automation and access to new sets of industry knowledge in real time allows sourcing and procurement employees to focus on high-value areas of the job. Top performing companies have enabled sourcing departments by equipping them with enterprise-grade tools. PwC - The Rise of Industry 4.0
top-performing organizations work: NETWORKED SUPPLY CHAIN Connecting interdependent links in the supply chain and enabling information sharing unlocks unprecedented level of collaboration, productivity and visibility. BETTER DECISION MAKING Relying on the new generation of tools allows better decision making - through relevant data insights, automated bulk querying and real-time assessment of market status. BOMs come to life. Stock, pricing and availability are continually updated. Data is always accurate and decisions become more educated.
MODEL HAS FAILED. “Building new supply chain models requires the capacity to iterate quickly, in addition to openness and distribution. This is where software-as-a-service (SaaS) products become the building blocks of supply chain ecosystems. Relying on solutions that don’t require complex installations while integrating with existing workflows and/or other tools seems like the safest bet. Using monolithic systems to develop new models and iterate at scale is next to impossible. ” Full article on
applications defined by departments or processes. Our mission is to bring down those walls by providing accurate data to all the interdependent links of the supply chain. Supplyframe solutions work seamlessly together, while delivering significant improvements in every specific area of your supply chain operations. TRANSPARENCY AUTOMATION DATA COLLABORATION COMMUNICATION SECURITY
and supply chain professionals use our products to research, design, build, and procure tomorrow’s hardware products. SUPPLYFRAME INDUSTRY NETWORK AT A GLANCE 402,549,385 $32 BILLION Quote traffic in 2016 Product spec searches Worldwide transactions