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thyssenkrupp Materials Services is at the forefront of digitizing supply chains, which is why it uses intelligent tools to create value with data. The role of digitization in supply chains cannot be overestimated, as it is a key factor in addressing the changing challenges of global trade.
Predictability and flexibility
According to digital supply chains, the realization of predictability and flexibility. Past issues such as the war in Ukraine, the chip crisis, the pandemic and the closure of the Suez Canal highlight that local events can have global consequences and that adaptability and preparedness are paramount. We offer chains a solution to these difficulties by not only providing supply sources and digital solutions for cost and rapid availability, but also exploring alternative supply routes. The goal is to create a flexible, resource-efficient supply chain that supports rapid response with real-time data and intelligent algorithms.
Network-based approach and customization
The digitization of supply chains is also a big step from sequential supply chains to network-based approaches. Instead of simply tracing the product's journey from producer to consumer, the focus is on the entire network. In this context, thyssenkrupp Materials Services is no longer just a distributor or supplier, but also an organizer. In addition, the company sets its approach to meet different customer priorities. For smaller companies with controllable logistics systems, the focus is already on early identification of bottlenecks and prevention of disruptions. In contrast, larger manufacturers with complex systems often seek a holistic approach, including tracking CO2 emissions from their operations. This means that while data collection and analysis is proving beneficial along supply chains, not all processes are fully digitized. In this way, thyssenkrupp Materials Services adapts its solutions to the unique needs and level of digital maturity of customers.
Digital supply chains are expected to continue to evolve in the future. In addition to cost optimization, the focus is shifting towards risk management and flexibility, while sustainability is increasingly coming to the fore. With its forward-looking digitization strategy, thyssenkrupp Materials Services is well-positioned to navigate this changing environment where "bits replace tons" and usher in a new era of digital supply chain management.