It is no secret that many Digital Transformation initiatives have failed. According to a Forbes study, as many as seven out of ten. These failures have helped us better understand how to get the process right. Digital Transformation must be implemented carefully if it's not to become an expensive white elephant.
A clear vision
Ask yourself the fundamental questions before you start. Why are you doing it? What do you want to achieve, and how will it change your wholesale business? Having the answers to these questions from the outset will build commitment with the management team to make it happen.
Build a tech culture across the company
Train and empower employees to challenge the old ways of thinking and working. They will provide valuable data and feedback on the process. Ensure that any new employees coming in are pro-technology and open to learning new things. This way, you will build a strong tech culture across the company within which your digital transformation initiative will thrive.
It's an ongoing process
Don't assume it's all over as soon as the digital transformation project is 'done.' Implementation marks the start of the digital transformation journey. Measure the key outcomes continuously and adjust where the solution isn't providing the results you envisioned. Digital transformation has to be viewed as a process of lifelong learning for you and all employees.
Choose the right partner
Partner with a trusted digital solutions provider that is familiar with the wholesale trade sector. Such a partner will reduce your implementation time and cost as their solutions seamlessly support your business objectives. Their experience will lessen the burden on your team to anticipate all the challenges that need to be addressed.
Digital transformation can be disruptive and does require your staff to face changes to processes and procedures. Your partner needs to have the experience with rolling out Digital Transformation initiatives to hand-hold your team. Your staff needs absolute clarity as to the benefits for them as individuals, not just the organization.
Digital Transformation enables wholesale business owners to operate without the limitations of the past. It is a source of competitive advantage. Harnessing it can disrupt the legacy of white elephants, clearing the path for growth, no matter how fast-moving the environment is.
To find out more, contact Zooloo's digital solutions experts immediately for the first step towards digital transformation at sales@zooloo.asia.
Explore more
- Read about The Digital Transformation Journey
- Learn more about our “Digital Backbones”
- Learn more from our eBook series on Digital Transformation for Wholesale Trade
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