From the course: Digital Transformation in Supply Chains

Unlock the full course today

Join today to access over 25,200 courses taught by industry experts.

Build a business case for digital transformation

Build a business case for digital transformation

From the course: Digital Transformation in Supply Chains

Start my 1-month free trial Buy for my team

Build a business case for digital transformation

“

- Digital transformation occurs through a series of projects. And in order to lead a digital transformation project successfully, we have to start by clearly understanding three things. What are the benefits? What are the costs? And what are the risks of a digital transformation? Let me show you how to build a business case for a digital transformation project. We'll start by focusing on the financials. Financial benefits are tangible and they can usually be measured in three categories. The first benefit to look for is higher revenues. Will the project help you make more money by reaching new customers, selling more to your existing customers, or by allowing you to charge a higher price? A second category of financial benefits is lower costs. Will the project allow you to do things more efficiently and eliminate waste? And a third category of financial benefits is cost avoidance. Will the project allow you to…

Contents