Now, thanks to the wide availability and adoption of much more powerful digital technologies, including advanced analytics and cloud-based solutions, companies are generating dramatically better returns on their investments.

A study by The Boston Consulting Group shows that the leaders in digital supply chain management are enjoying increases in product availability of up to 10 percentage points, more than 25 percent faster response times to changes in market demand, and 30 percent better realization of working-capital reductions, on average, than the laggards. They have 40 percent to 110 percent higher operating margins and 17 percent to 64 percent fewer cash conversion days. With the help of three key strategies, these agile companies are quickly leaving behind their less nimble competitors.

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