Organizations of all sizes need to speed up their supply chain digital transformation initiatives to increase flexibility, agility, visibility, and to ensure resilience. Supply chain digitalization enables automated order-to-cash and procure-to-pay processes, improved stakeholder collaboration across the digital ecosystem, and increased end-to-end visibility.
Digitizing supply chains through integration, automation, and collaboration makes it easy to manage information flows and uncover insights. Ensure continued operations, even in the face of major supply chain disruptions.
Since information is exchanged nearly in real time between different partners, we save time. Thanks to the solution, we’ve gained at least a week. Reduction in time is also better service to the customer, and we’ve reduced working capital, which is good for our balance sheet.Read more business value insights in this IDC study
Disruption, alongside increasing economic pressure, is forcing companies to accelerate digital transformation efforts in order to help build resilience around supply chain operations. To achieve this goal, companies need supply chain optimization.
78% of business leaders believe that B2B integration boosts supply chain performance. Accelerating migration to the cloud will help provide a single digital backbone to connect your internal and external business ecosystems. Cloud integration also delivers a digital-first, future proof supply chain.
53% of companies lack the tools to facilitate secure collaboration with outside partners. A common cloud-based integration environment provides faster onboarding, connectivity testing, collaboration, and information exchange via web forms. Automate 3rd party access to enterprise information at scale.
72% of suppliers that experienced a supply chain disruption lacked the visibility to generate a fast and effective solution. AI-enabled Command Centers provide actionable insights to mitigate risk and deliver supply chain optimization. Obtain visibility and actionable insights from your data.
50% of companies lack end-to-end supply chain visibility. ESG regulations require companies to trace all goods flowing through their supply chains. IOT-based technologies deliver transparency and brand protection to businesses and consumers. Explore the benefits of supply chain traceability.
By embracing supply chain digitization through OpenText Business Network Cloud, you can unlock these advantages and be positioned for sustained success in a digital world. Check out these additional benefits:
Accelerate supply chain digital transformation with cloud-based supply chain integration solutions and satisfy demands for real-time data exchange. Support API-based and legacy application connectivity, and provide user friendly tools to monitor information flows for actionable insights.
Enable process-based information exchange with suppliers, customers and partners in a structured digital format. Automate processing, validation, and correlation. Business processes such as P2P and O2C, and meeting regional compliance mandates such as e-Invoicing become faster, more transparent, and more reliable.
Learn how other leading organizations have digitized their supply chains for success.See more success stories
Supply chain digitization involves the integration of digital technologies into various aspects of supply chain management such as communication, data sharing, and process automation to deliver a sustainable supply chain. The benefits of a digital supply chain extend far beyond sustainability—it also delivers a faster, more efficient and flexible supply chain by enhancing visibility, productivity, and collaboration.
OpenText's B2B integration solutions are a prime example of how digital technologies can facilitate seamless communication and data exchange between trading partners to optimize processes and improve operational performance.
Real-time visibility allows businesses to monitor the movement of goods, orders and inventory at every stage of the supply chain. It enables companies to react quickly to disruptions, reduce costs, make more informed decisions, improve operational efficiency, and provide better customer service. Essentially, it provides companies with a true competitive advantage. With real-time visibility, companies always have clear insight into their entire operation, including visibility into exactly where inventory is, how much of it there is, and where it needs to go.
OpenText's supply chain automation solutions offer real-time tracking capabilities that enable organizations to promptly identify disruptions, make informed decisions, and maintain an agile supply chain. This real-time view improves productivity and on-time delivery, while enhancing risk management.
IoT integration enables physical devices and sensors to connect to the digital network, generating real-time data, remote equipment monitoring, and secure back-end system integration. With other advanced technologies such as AI and blockchain, IoT helps enable autonomous supply chains—that means more agile, flexible, and resilient supply chains.
OpenText's IoT Integration solutions enable businesses to gather and utilize this data to optimize routes, enhance demand forecasting, and proactively address potential issues.
Managed services, such as OpenText's Business Network Cloud Enterprise, offer specialized support for B2B integration. It allows businesses to focus on core operations while ensuring seamless communication with partners. These services ensure the reliability, efficiency and cost effectiveness of supply chain digitization efforts. Managed services deliver a strategic roadmap to help companies deliver on their digital transformation and then help them manage the platform once it is in place.
With 35,000 customers connected to 1.1 million trading partners, OpenText’s expertise can help manage the B2B integration and supply chain digitization efforts of any size company.
Supply chain digitization enhances risk management by providing real-time visibility into supplier performance, transactions up and down the chain, market trends and potential disruptions. This enables proactive risk mitigation strategies, ensuring continuity and minimizing the impact of unforeseen events. With the right platform, supply chain digitization also enables companies to quickly and easily onboard new partners, further mitigating potential risk.
OpenText's supply chain digitization solutions offer advanced visibility to help businesses proactively mitigate risks while improving collaboration, easing secure access, and streamlining trading partner onboarding and management.