This document provides guidance on building a strong digital base for a business. It recommends establishing core digital processes like supplier relationship management, e-sourcing, and e-procurement. It also suggests optimizing these processes by leveraging new technologies like predictive analytics, machine learning, AI, and integrating systems between teams and suppliers. Finally, the document discusses how emerging technologies like the internet of things, blockchain, and robotic process automation are transforming businesses by connecting processes and data.

1. GET STARTED: BUILD A STRONG DIGITAL BASE
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ESTABLISH THE BASICS
OPTIMIZE: LEVERAGE NEW & EMERGING TECHNOLOGIES
further digitalizing processes increasing the data available.
Define standard actions based on changed KPIs.
Get additional data from new sources,
e.g. supply chain or financial risks.
Turn them into triggers for a process change.
Visualize and communicate your category strategies
and improvement measures involving your suppliers
in your innovation processes.
Our survey says: most teams are already there.
Streamline and improve core processes
with procurement tech: SRM, eSourcing,
and eProcurement
Extend this digitalization to supply chain
management with a supplier portal and webEDI.
Create a business case of your vision and the
potential improvements, the value, to get
stakeholders on board!
THE “DAY OF DIGITALIZATION”
Ramp up your analytics!
Develop new cognitive analyses to enable efficient
data monitoring for new and better insights.
Leverage smart tech like machine learning,
AI, chatbots, assistants
Implement predictive and prescriptive analytics.
Predictive: what is likely to happen based on what
has happened in the past and current data streams.
Eliminate manual processes as much as possible
or maximize the utilization of the processes that you
have already digit(al)ized.
Connect the dots between processes, teams,
and suppliers to ensure smooth data flow that’ll
increase your analytics capabilities!
IoT, blockchain, robotic process automation (RPA)
are already transforming businesses