Percentage reduction in overall supply chain cost through supply chain digital transformation

This measure calculates the percentage reduction in overall supply chain cost through supply chain digital transformation. Digital transformation involves using technologies such as cloud computing, AI, IoT, and automation to radically change business models, processes, and customer experiences. Digital transformation is not just about adopting new technologies, but rather about using these technologies to change the way a business operates, improving efficiency, productivity, and decision-making. This Process Efficiency measure is intended to help companies minimize waste and refine resource consumption related to the process "Manage IT portfolio strategy".

Benchmark Data

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Measure Category:
Process Efficiency
Measure ID:
110702
Total Sample Size:
2,480 All Companies
Performers:
25th Median 75th
- 20.0% -
Key Performance Indicator:
No
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Units for this measure are percent.

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Percentage reduction in overall supply chain cost through supply chain digital transformation

Key Terms

There are no key terms associated with this measure.
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Measure Scope

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Cross Industry (8.0)

  • 8.2.2.1 - Establish and validate IT value criteria (20661) - Create and certify the standards to determine the value of the investments, projects, and activities of IT function for the overall business objectives.
  • 8.2.2.2 - Determine IT portfolio investment balance (20662) - Determining the uninvested amount out of the total approved amount for overall IT management, IT investments, projects, and activities.
  • 8.2.2.3 - Evaluate proposed IT investment projects (20663) - Evaluating IT investment projects to achieve overall business objectives in regard to implementation, efficiency, and profitability.
  • 8.2.2.4 - Prioritize IT projects (20664) - Listing the IT projects in the order of most important to the least. Determining which of many IT projects are most important or critical to business operations.
  • 8.2.2.5 - Align IT resources to strategic priorities (20665) - Aligning physical IT resources like software, IT infrastructure, networks, and non-physical resources like technology expertise, to strategic objectives ranked by their importance in achieving the strategic goals.
  • 8.2.2.6 - Align IT portfolio to business objectives (20667) - Aligning IT investments, projects, and activities to achieve overall business objectives.