Companies like Chongqing Yinhe are clearly leading by example. They have learned – and are continuing to learn – how best to align all the pieces of the complicated production puzzle using the new tools of the trade.
The exponential use of technology will have a huge impact on what and how we do things going forward. For those embracing this new journey, the benefits will boost the overall company in four key areas…
- Excellence:
Concepts and principles enabling operational excellence: the best practices and standards of today will only be the norm for tomorrow. Connected and integrated ways of working will enable you to take your business to a different level.
- Reinvention:
Business reinvention: the ability to reinvent yourself and your suppliers and customers in a holistic and integrated way.
- Trust and compliance:
A dynamic production network, including suppliers and customers across your end-to-end global supply chain network.
- Service and experience:
Customer relationship management and connected and integrated tools and technology will enable you to increase customer experience through products and services.”
Those are four ‘destinations’ that any company wishing to compete in today’s market needs to reach. ‘Embrace the journey’ and your organization could also enjoy the digital continuity that will empower it to meet the order of one.
But most companies They will lose sight of the interplay and synergies that are needed for digital transformation and make the mistake of trying to transform through a series of initiatives targeting specific digital competencies. Only organizations that can digitally transform their operations, or partner with suppliers that can help them to do this, will thrive; those that don't may struggle to survive.