LEFTURN PROCESS
The logistics industry is constantly changing.
In many ways, supply chains are the glue that holds the global economy together. Logistics provides the links that ensure products get from Point A to Point B and the means by which businesses get what they need to create the goods and services we use every day.
The supply chain industry has changed tremendously in recent years, and the digital pace of change is still accelerating.
Digital supply chains are transforming the way businesses operate. By leveraging digital technologies and data analytics, companies can make informed decisions, optimize performance, and quickly respond to changing conditions. The digitization of the supply chain enables companies to address new customer requirements, challenges on the supply side, and expectations in efficiency improvement. The global digital supply chain market value is projected to reach $13.7 billion by 2030, a more than three-fold increase from its $3.9 billion valuation in 2020. However, only 32% of digital supply chain roadmaps are aligned under a single governance process and to common business goals. Many supply chains have been too slow to react and are still developing the foundational physical capabilities required to compete today, let alone develop, test, deploy and scale digital innovation effectively. Supply Chain 4.0 is the next-generation digital supply chain that leverages the Internet of Things, advanced robotics, and advanced analytics of big data in supply chain management. It aims to place sensors in everything, create networks everywhere, automate anything, and analyze everything to significantly improve performance and customer satisfaction. Ultimately, digital supply chains empower businesses with up-to-date information to ensure the most efficient planning possible.
Data quality is the foundation of any digital supply chain journey. The intelligence of a system is only as good as the data it relies on. As you progressively broaden and deepen your visibility from historical to continued feeds, the organization of that data becomes increasingly important. This is where annotation comes in. By providing context and meaning to data, annotation helps systems learn and improve over time, rather than simply repeating past mistakes. Ultimately, this approach can help identify potential opportunities and drive better outcomes
What is needed is a clear starting point, a process for the enterprise to visualize, measure and monitor actionable insights.
Visualization is a powerful tool that can help you make sense of your company’s internal and supplier-provided data, as well as external published suppliers and third-party data. We will start by baselining your past sources and then create a summary of both vertical and horizontal views. This will show the cost and options that you have been choosing, as well as comparisons with other available options.
VISUALIZE
MEASURE
After visualizing your data, we will make recommendations to move forward by identifying the areas of highest focus in your business rules. By focusing on one case at a time, our analysis will provide insight into each area’s degree of complexity and the estimated amount of time and effort required to reach a more efficient solution.
MONITOR
After making the initial recommendation, Lefturn is committed to ensuring continued progress. We will monitor the implemented target areas and provide regular updates to identify any new areas that have the potential to reduce costs and improve operations.