Digital Asset Management for the Logistics & Supply Chain Industry

Published : Friday, July 22nd, 2022.

Digital Asset Management (DAM) systems are often used in many enterprises to deal with the exponentially increasing volume of digital media that is being generated in the modern workplace. Marketing in particular is usually one of the vital users of DAM solutions. Although interest in DAM has increased over the course of the past decade, the systems themselves have changed comparatively little with regard to their broad interfaces and capabilities.

What is the Digital Asset Supply Chain?

DAM for Supply Chain and Logistics is the process of creating and managing a digital asset inventory, including data capture and analysis, to support the delivery of goods and services. DAM helps organizations manage and protect intellectual property, meet customer expectations for quality and timely delivery, optimize supply chain performance, and reduce costs.

A digital asset can be anything from a simple document to an entire product line. In order to manage digital assets effectively, organizations need to develop an understanding of what digital assets are, where they are located, and what information is needed to support their use. This article will discuss some of the key elements of how DAM fits into this industry, including data capture and consumption, along with inventory management.

DAM Value vs. Bottlenecks

DAM solutions can enable operational efficiencies for businesses in the logistics sector. By automating and simplifying processes, DAM solutions improve communication, collaboration, and overall process efficiency within logistics networks. However, not all DAM solutions are created equal; some may be more valuable than others depending on the specific needs of a logistics business.

When evaluating DAM solutions, it is important to consider the value and capability they offer for existing bottlenecks in the current logistics network. For example, a DAM solution that can automatically identify and track shipments across multiple warehouses could eliminate the need for human interactions between different divisions within a company. This would save time and increase efficiency by eliminating errors or misunderstandings. In addition, such a solution could help managers keep tabs on inventory levels and minimize waste.

However, not all bottlenecks in a logistics network are preventable or manageable with technology. For example, weather conditions can cause delays at ports or delivery vehicles can get stuck in traffic. In these cases, technology cannot always solve the problem. As such, it is important to evaluate the other benefits that a proposed DAM solution could offer before making a purchase decision.

Throughput

Logistic supply chain

In today’s Logistics and Supply Chain environment, organizations are constantly seeking ways to improve their efficiency and reduce costs. Of course, a primary way to achieve this is by using an appropriate modern DAM solution.  In its simplest form, DAM helps organizations manage all their digital assets—such as images, videos, and documents—in a safe, organized, and centralized way.

There are many additional benefits to using DAM in your logistics operations. For example, it can help reduce the time it takes to upload files to servers or access information stored on individual computers. It can also help you keep track of your inventory and ensure that it’s always up to date. And last but not least, it can help you save money on printing and copying costs.

How DAM Empowers Supply Chain Management?

DAM enables processes of organizing and managing information in a way that allows for rapid decision-making. In the supply chain context, DAM can play a key role in optimizing logistics operations. By automating and integrating various processes and data sources, DAM can provide real-time insights into inventory status, production plans, and shipping routes.

A key benefit of DAM is its ability to reduce overall costs associated with procurement and logistics. By automating the tracking and management of inventory, companies can reduce the need for physical inventory checks. This reduces storage costs and increases efficiency within the supply chain.

Another key advantage of DAM in the logistics industry is its ability to improve communication within the supply chain. By providing centralized access to information on all aspects of inventory, companies can streamline communication between different departments within the company. This helps avoid potential conflicts or misunderstandings over critical information.

In a nutshell, digital asset management can play an important role in improving logistics operations by automating various processes and data sources. By reducing costs associated with procurement and logistics, DAM without a doubt leads to increased efficiency within the supply chain.

DAM Upstream and Downstream

In today’s digital world, assets are often scattered throughout multiple systems and locations. DAM helps businesses centralize and manage these assets from across different platforms and devices, in a secure way.

Businesses can use DAM to improve productivity by making it easier to access information and share files with colleagues. It also enables companies to track assets and comply with legal requirements, such as Sarbanes-Oxley.

The challenges of implementing DAM include integrating different software systems, creating a secure architecture, and developing consistent policies and procedures. However, with the right tools and strategies, businesses can overcome these challenges and achieve significant benefits from DAM.  Modern DAM solutions should also have the capability to seamlessly integrate into the logistics process without causing disruption.

 

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What Are Digital Asset Supply Chains?

Digital asset supply chains (DASCs) are a new way to manage and move physical and digital assets. They enable businesses to streamline the movement of products, materials, and information across networks.

How Does Digital Asset Management Work with Logistics?

Modern logistical systems rely on digitized data to optimize routes, manage inventory, and identify opportunities for improvement. However, many companies still manage their physical assets using paper-based records. A DAM system can help solve this problem by representing physical assets digitally, and then linking all assets together.

A DAM system also allows businesses to track items throughout their supply chain from origin to the end user. This information can be used to improve efficiency and trace product origins. Furthermore, it can help identify potential problems early in the supply chain, such as incorrect shipments or counterfeits.

Implementing Digital Asset Supply Chains

Digital asset supply chains are becoming increasingly common in today’s business world. They allow for the tracking and management of digital assets, such as images, videos, and product specifications. By implementing and appropriate modern DAM, businesses can improve their overall efficiency and communication processes.

There are several different DAM solutions available on the market, and each has its own advantages and disadvantages. Some of the most popular DAM solutions include ioMoVo, Microsoft SharePoint Server, Adobe Photoshop Album, and SAP Leonardo. It is important to choose the right DAM solution for your specific organization’s requirements.

One major advantage of using a DAM solution is that it can help improve communication between different parts of an organization. For example, if a company’s product image needs to be updated, it can easily change it using the DAM solution. This means that everyone involved in the product’s branding and production will be able to see the updated image without needing to email or contact each other individually.

Mapping Out Your Current Digital Asset Supply Chain

As your business expands, so too does your digital asset supply chain. But just how complete and up to date is it? To answer this question, you first need to map all of your current assets and where they are stored. This process can be time-consuming and may require input from various members of your team, but mapping out your digital asset supply chain is essential for ensuring an efficient and safe business operation.

Here are some tips to effectively map your digital asset supply chain:

    1. Begin by identifying all of the digital assets that you currently use or plan to use in your business. These could include images, videos, software files, etc.
    2. Once you have identified all of your digital assets, start categorizing them into specific types. For example, you might identify images as pictures, videos as videos, etc.
    3. Evaluate where each type of digital asset is currently being stored. This could include on your own computer or server, with a third-party provider (such as Google Drive), or even in a physical location (such as on a hard drive).
    4. Once you have evaluated where each type of digital asset is currently being stored, make a list of all the reasons you have for not moving or securing this type of digital asset. These reasons might be related to your work environment, use of the asset, etc.

Technology and Digital Asset Supply Chains

DAM is revolutionizing how companies store, manage and use digital assets. Logistics professionals are becoming increasingly reliant on DAM to improve their efficiency and accuracy when executing shipments. In this post, we discussed why DAM is so important for logistics and supply chain professionals, and how it can be used to improve accuracy and efficiency.

 

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Conclusion

In today’s world, it is essential that businesses have a solid digital asset management plan in place. This includes everything from ensuring that all images and videos are properly licensed and managed, to tracking inventory levels and keeping track of deliveries. By taking our discussion points into consideration, you can ensure that your business remains compliant with regulations and stays ahead of the competition. If you are looking for robust DAM solution, try ioMoVo and see what’s best for you. 

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