Supply Change

Apps: the secret sauce to digitization Apps are the secret sauce for supply chain innovation. The ability to digitize transactions and activities is critical to the future of supply chain procurement. As the Harvard Business Review said: “over the next five to 10 years, supply chains will change dramatically...Those who move quickly to digitize their supply chain will gain efficiencies, develop new business models and revenue streams, and create competitive advantages.” The particular power of apps B2B apps can have an incredible impact on the status quo. One app that we’re particularly fond of right now is called FRDM, an app that identifies slave and child labor in your supply chain. That’s the definition of a good business app: it solves existing problems. We have to make sure we're designing and working with app partners that are solving real problems in the market. Apps can also serve niche areas that drive activity at the center of the supply chain, element by element. So when procurement has criteria