Digital Technologies are the Backbone of Next-Gen Supply Chains
Modern supply chains require speed and flexibility, making digital transformation essential for companies competing in today's market
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Key takeaways
Modern supply chains require speed and flexibility, making digital transformation essential for companies competing in today's market
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Next-gen supply chains are undergoing are revolutionizing as they pivot toward a digital future. Gurumurthi Ravishankar, a Supply Chain Expert at the University of Colorado, Boulder, sheds light on the pivotal digital technologies driving this transformation. In a rapidly changing business environment, these insights are particularly valuable for companies looking to adapt and thrive.
Ravishankar addresses the challenges of modernizing supply chains and digital technologies’ crucial role in this process. He touches upon the necessity for supply chains to become faster, more flexible, and more efficient through digitalization. The video explores critical aspects such as product tracking, transport modes, real-time data, and inventory management. Ravishankar emphasizes the shift from traditional methods to digital strategies, highlighting the importance of integrated data systems from suppliers to customers.
The shift from traditional methods to digital strategies requires integrated data systems from suppliers to customers.
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About the author
G. 'Ravi’ Ravishankar is a faculty member at the Strategy, Entrepreneurship and Operations Division at the Leeds School of Business. He is a veteran of supply chain, lean transformation, implementing product innovation strategies and technology transfer from national laboratories. His career has spanned a wide range of operating roles from president, CFO to engineering manager and director of innovation. He has worked in four continents on lean manufacturing, supply chain, logistics, product development, factory start-up, and business strategy. His industry experience includes, semiconductors, machinery, medical devices, food and beverage, chemicals, consulting and not-for-profit organizations. He is passionate about education and teaching students how to apply theory to everyday challenges in business. Ravi has advanced degrees in materials and chemical engineering from MIT and University of Cincinnati respectively. He also has an MBA from MIT’s Sloan School of Management. He is a Six Sigma Black Belt, holds 8 patents and is a speaker on a variety of operations management topics.
