DIGITAL STRATEGY
70 runners . Here , predictive analytics tools are employed to simultaneously and continuously assess internal and external data with regards to improving forecasting of demand volumes and demand patterns , as well as provision times . Another benefit largely associated with digitalisation is to increase the flexibility of the production infrastructures ( i . e . factories ), no matter where they are located geographically . The more interlinked coordination with logistics and transportation capacity ensures the timely delivery to end users and customers , even if the production points are on the other side of the globe . Thirdly , the production concept of mass customisation will be more fully and broadly implemented . While this concept has been introduced to the management discipline already some time ago , it has not been able to show its potential on a global scale in many industries . Through the disruptive advent of digitalisation , the benefits of mass customisation ( i . e . highly individualised production at comparably lower factor costs ) will become available for many industries
JUNE 2020