Supply chains involve the flow of goods, including finding and procuring the raw materials, designing products, building parts and the finished product, planning sales and marketing, taking and transporting orders, and giving customers visibility into the final delivery process.
Digital supply chains provide manufacturers, retailers and customers with greater visibility over these processes, providing more robust internal systems and data to give almost real time visibility over the supply chain.
The Made Smarter Review points out that there will be a £455 billion value-add into the UK economy by adopting industrial digital technologies. This will lead to increasing manufacturing sector growth between 1.5-3% per annum, a 25% improvement in productivity and 4.5% reduction in greenhouse gases.
The Made Smarter Innovation | Digital Supply Chain Hub call to actions have been developed and designed with industry to enable the growth of digital tools and services within supply chains across all sectors.