German Giants Transform Operations with Supply Chain Control Towers
Leading German companies such as BMW, Siemens, and Henkel have embraced supply chain control towers (SCCTs) in 2023, transforming their operations and driving enterprise value. These innovative structures combine people, processes, technology, and data to enhance real-time visibility, risk management, and operational efficiency.
An SCCT enables businesses to become more customer-centric, sustainable, responsive, and agile. It provides intelligent, real-time insights into supply chain developments, allowing for proactive orchestration across various functions and networks. Companies that have adopted true SCCTs have reported significant quantitative and qualitative benefits.
Financial gains include up to 1% increase in revenues, a 3-5% reduction in logistics costs, and 10-20% improvements in labor efficiency. Strategically, SCCTs help enterprises become data-driven, win over customers with improved service levels, and run efficient, scalable, and agile operations. 72% of supply chain 'masters' agree that control tower capabilities are crucial for customer experience-led growth.
To derive full value from an SCCT, it must be built on four evolving pillars: use-case driven, new ways of working, flexible technical architecture, and robust data strategy and governance.
In today's dynamic business landscape, a supply chain control tower has become a 'must-have' capability for companies aiming to optimize and self-orchestrate their supply chain networks. By investing in this innovative approach, enterprises can unlock substantial financial and strategic benefits, ultimately driving customer-centric, sustainable, and agile growth.
Read also:
- CEO Efe Cakarel of film platform Mubi addresses controversy regarding new investor and Israeli military ties, establishes advisory board and fund to safeguard artists under threat.
- India's Agricultural Storage Infrastructure Booms: Record Projects, Capacity, and Funding
- Trump urged to abandon one-sided trade restrictions during a 'productive' conversation with Xi about the TikTok issue
- Launching a Chore Service Business: Exhaustive Tutorial
