Schneider Electric and the Center for Global Enterprise highlight the decisive role of digital supply chain in reducing cost while promoting sustainable growth

Rueil-Malmaison (France), October 7, 2016 – Jean-Pascal Tricoire, Chairman & CEO of Schneider Electric, and Annette Clayton, CEO and President, North America Operations, and Chief Supply Chain Officer, Schneider Electric,  The CGE is a non-profit research group focused on the study of contemporary business and best management practices impacting our society. Schneider Electric, the global specialist in energy management and automation, is a member of the CGE.

Based on the testimonies of 24 companies in charge of the largest global supply chains, ''''Digital Supply Chains: A Frontside Flip'''' exposes the actions they have taken to adapt to the digital supply chain of the future. According to the report, companies which commit to digitising their supply chains can expect to save up to 50 percent on costs. In this white paper, Schneider Electric highlights its vision of a supply chain designed to meet the needs and buying behaviors of its customers. The Group’s practices confirm CGE’s research findings, which highlight the decisive role of digital supply chains (DSC) in reducing procurement and supply chain costs while promoting sustainable growth.

Quoted in the white paper, Jean-Pascal Tricoire said: “As a company, we must differentiate ourselves to our customers in the market in all that we do. It’s essential to have end-to-end visibility and capability in our supply chain. A Digital Supply Chain — including use of the internet, big data, analytics and other technologies — enables us to do so much more today than only a few years ago. This differentiation grows our revenue and market share while also cutting costs significantly. Two examples illustrate how our Digital Supply Chain differentiates us. It is about visibility and collaboration, and differentiated service for customers according to their specific needs. Our business customers expect to know at all times where their products are in our supply chain process, as they rely on us 100% to then deliver on their own projects, which digital enables now fully. The second involves sensing new business opportunity on social media and adapting accordingly our service offer.”