Making progress on any issues challenging the supply chain requires advanced technology, and many current systems simply can’t meet new needs. While it’s tempting to try to customize legacy systems, the cost and effort are usually prohibitive. The silos of existing systems don’t support the integration of multiple business processes to create efficiencies, collaboration and visibility necessary for every aspect of the distribution operation.

A strategic approach is crucial to ensuring that new technologies will be deployed in ways that truly benefit your business. Beyond cost reductions and controls, consider how technology can help you capture more/new revenue, operate more efficiently and expand to new markets.

Those who actively address their supply chain challenges with strategic use of technology will reduce their exposure to risks and enhance their businesses. The people who invest thoughtfully in technology can stand out from their peers and win market share.