Data-Powered, Adaptive Supply Chain to Become Future Fit: A Focus on the Manufacturing Industry
Forrester Consulting Thought Leadership Spotlight Commissioned by Infosys
The manufacturing industry is undergoing a rapid change. Manufacturing organizations are under immense pressure to transform into digital businesses, become increasingly agile and efficient, and reduce production costs to a minimum — while maintaining high quality. To survive in this fast-changing digital world, manufacturers must build more resiliency and responsiveness in their supply chains.
Infosys commissioned Forrester Consulting to leverage Forrester research and Business Technographics® data to explore the importance of the supply chain imperative, including the perceived challenges, drivers, and benefits of investments in supply chain management.
The study highlights that data-driven supply chain management has become a strategic priority; ensuring its support in the market will enable manufacturing enterprises to accelerate their innovation. Further, the study also uncovers how data-driven supply chains help to automate business processes, reduce risks, produce new levels of intelligence, improve employee experience, deliver better customer experience, and ultimately fuel digital transformation.
Highlights
More than one-third of manufacturing decision-makers involved with digital transformation efforts in their organizations said they will focus on "supply chain transformation."
Two in five manufacturing decision-makers said that their focus is on applying data and analytics to accelerate their organizations’ journey toward digital transformation.
Three in five manufacturing decision-makers said they will invest in IoT as a part of their organization’s digital transformation efforts.
Key Findings
- A data-driven supply chain is key to digital transformation and business resiliency.
- Data analytics, IoT, and cloud adoption offer untapped potential to supply chain management.
- Antiquated processes and existing legacy systems are major barriers to supply chain transformation.
