The high-tech sector gets well-deserved credit for creating the innovations that transform the way that we work and live. It’s impossible to envision a business of any kind succeeding without the advanced technology that makes it all possible. This is especially true in a world where delivering rich and personalized customer, employee, and partner experiences is increasingly essential.
But the high-tech industry itself is undergoing its own profound transformation. In the very near future, high-tech manufacturers will pivot toward providing platforms and subscription-based services to monetize their innovations and intellectual property. And this shift to an everything-as-a-service (XaaS) paradigm is leading many in the industry to rethink the role of their supply chains.
In an XaaS world, advanced technologies are still the drivers of innovation and competitive advantage. But the burden of staying current on the latest solutions shifts from the end customer to the provider. And that requires tighter synchronization across a global, intelligent supply network. Here are a few of the supply chain best practices that high-tech companies are seeking to implement to help them stay competitive:
The pandemic has made supply chain efficiency front-page news. And anyone shopping for a new car or phone in the past year has direct experience of the importance of high-tech supply chain resilience. As high-tech manufacturers and suppliers look to the future, they’re rethinking how to improve visibility into real-time demand and supply changes through coherent planning—across the partner network and within their own enterprises. They’re becoming more collaborative in their production planning and scheduling. And they’re exploring how to achieve real-time order confirmations that align with sales allocations and supply plans, while securing alternative suppliers and material substitutions to ensure on-time delivery.
Interested in how you can transform your supply chain to address a new era of challenges? Learn more here.
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