In the midst of the Coronavirus pandemic the need for complete, end to end Supply Chain visibility has never been more important!
The necessity for visibility started with store shelves being emptied of toilet paper, food, and various household items. People were panic buying in the face of the unknown implications of the pandemic. More and more countries and jurisdictions were locking down their citizens, temporarily shutting down businesses and enforcing social distancing and self isolation.
The chronic need for Supply Chain visibility has become of utmost importance with the overwhelming strains on global healthcare systems and networks. Hospitals and support organizations have been running low on masks, personal protective equipment and ventilators.
Most alarming is that projections of the heightened demand for these items are not met with broad visibility as to the supply and inventory of these items.
An Outlook for Supply Chain article and permission to publish here provided by Joe Gregson.
The purpose of this article is to introduce my view on the current and future state of Supply Chain Management; aiming to continue growing my network of like-minded professionals.
Upon graduating with a master’s degree in Chemical Engineering in 2017, I started my Supply Chain career planning inventory and managing orders on Excel to fulfil online consumer and retail business demand for a haircare product.
Albeit with dynamic data to analyse and understand, the manual and repetitive nature of many tasks confirmed my interest in roles exploiting technology and automation. As a digital native born at the end of the millennial era, it is fair to say I also expect nothing less.
When I start writing text messages or emails these days I automatically receive prompts for the next words that I may want to use, or even phrases to complete my sentence, as I’m typing.
The word and phrase suggestions are ones that are consistent with the type of language I would use. And the name suggestions are unique to people I know and communicate with regularly.
My Google mini recognizes family voices instantaneously and responds not only to our questions but adds custom comments directed at each of us individually.
It’s clear to me that my computer and smart phone and Google mini are learning what language I typically use. With increasing accuracy they can predict what I might want to write next based on words I am typing. And the voice activated devices are increasingly interactive.
How does this Machine Learning, or Deep Learning, actually work? And how will it shape Supply Chain now and in the future?
Optimize your Factory article originally published by, and permission to publish here provided by, Adam Robinson at https://cerasis.com.
Believe it or not, Industry 4.0 — the latest specialization for modern factories and manufacturing plants — does factor into design and factory layout. That is because digitization, or the current movement to connect and bring all equipment into modern times, absolutely influences design.
In essence, that is the heart of Industry 4.0, a complete synergy between operations, equipment, properties and, of course, the people who spend their time there. If 3.0 was about automation and boosting efficiency, this generation is about injecting the human touch back into the work environment, and that means accommodating such things from a design standpoint.
The manufacturing industry has been changing rapidly, aided by the newest software systems and machinery. Consumers continue to demand customized products, adding to the challenge of low-cost production.
Manufacturers have been forced to look hard at their production methods, labor costs, and transportation expenses, among numerous other areas throughout the organization. This focus has resulted in the emergence of smart factories in which machines and software share information and collaborate as never before.
Artificial Intelligence (AI) article originally published at https://www.tenfold.com . Permission to publish provided by Abigail Rabi.
From The Terminator to Blade Runner, pop culture has always leaned towards a chilling depiction of artificial intelligence (AI) and our future with AI at the helm. Recent headlines about Facebook panicking because their AI bots developed a language of their own have us hitting the alarm button once again. Should we really feel unsettled with an AI future?
News flash: that future is here. If you ask Siri, the helpful assistant who magically lives inside your phone, to read text messages and emails to you, find the nearest pizza place or call your mother for you, then you’ve made AI a part of your everyday life. Even current weather forecasting systems, spam filtering programs, and Google’s search engine – among so many other practical applications – are AI-powered. Now, artificial intelligence doesn’t seem that alarming, right?
Digital Procurement Ecosystem article originally published by, and permission to publish here provided by, Sam Jenks at kodiakrating.com.
I was in Paris last week, touring around as people do in Paris, and visited Fondation Louis Vuitton.
If you’ve never been before and are a fan of art, architecture, and culture, I can highly recommend adding it to any future itineraries.
The museum’s collections are magnificent, and the building itself is a true masterpiece. Beyond the artwork, Fondation Louis Vuitton offers an experience to tour the multiple levels of decks that interweave themselves between the inside and the outside of the building’s structure.
On one of the decks sits a piece of artwork named “Where the Slaves Live”. It is a living organism, composed of inorganic and organic materials, forming a ‘living sculpture’ that is a small scale ecosystem- an ever-changing work of art.
The Industry 4.0 Ecosystem involves leveraging the latest technologies, digital capabilities, the unprecedented dissemination of IoT (the Internet of Things) and the incredible ability to tap into data anywhere and everywhere in the Supply Chain.
The level of digital connectivity across the entire End-to-End Supply Chain, from customers through to manufacturers, distributors, logistics companies, and suppliers of all kinds enables this forward leap to an Industry 4.0 world.
Time will prove that the global Coronavirus pandemic has marked a major inflection point across the entire history of Supply Chain Management. Largely unknown and not understood before the pandemic, Supply Chain’s visibility and importance has seen an unprecedented level of exposure during the pandemic.
Everyone now understands that when Supply Chains fail, much of what enables our personal and professional lives also stops. The fragility of Supply Chains experienced during the pandemic demands improvements in the robustness and resilience of this core function.
It has created a Moment of Truth for Supply Chain. Will companies revert back to their old ways of doing things after the pandemic or will they make the improvements needed for the future?
We conducted our Supply Chain’s Moment of Truth Poll to find out.
At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action™” Interview series. This interview is with Will Chu, CEO and Co-Founder at Vector.
The next great leap article provided by, and permission to publish here provided by, http://argentus.com.
It’s no secret that transparency is the name of the game in today’s world-class Supply Chains. More and more consumers are demanding accountability and openness about where their products come from. More world-beating companies are recognizing that the goodwill you get from transparency in your Supply Chain can be a major source of competitive advantage – while also helping to make the world a more humane place.
Today, we wanted to write about an emerging Supply Chain technology – as we love to do – that’s poised to offer unparalleled transparency to companies and consumers. It’s a technology that the Supply Chain trade press is buzzing about, and also one that lots of companies are taking a closer look at as the next great leap : Blockchain
The Internet of Things (IoT) enables the end to end connectivity of all aspects of our lives in an unprecedented manner. What happens when IoT and Manufacturing come together?
In the arena of Manufacturing there has always been a reliance on processes, data, sensors, controls, analysis and metrics to allow for monitoring, management and optimization of those Manufacturing processes. And the ability to leverage historic approaches has varied from company to company and industry to industry.
But now with the advent of IoT, Big Data, Artificial Intelligence (AI) and Industry 4.0 the ability to optimize Manufacturing processes through this incredible digital connectivity is about to take a quantum leap forward.
It has been another exciting year for sure, with supply disruptions and issues continuing to keep Supply Chain in the headlines, impacting every aspect of our lives.
The year is also marked by the end of the global Coronavirus pandemic and its restrictions, which has caused us to add content about what the future of Supply Chain could, or really should, become. As we state, “Supply Chain’s Moment of Truth Has Arrived!“
Make sure you read our 2022 Top 10 articles, along with a bonus article, which are amongst our best ever!
IoT article written for Supply Chain Game Changer and permission to publish here provided by Rachel Stinson.
The Internet of Things — IoT, for short — is made up of devices that connect to the internet and share data with each other. IoT devices include computers, laptops, smartphones, and objects that have been equipped with chips to gather and communicate data over a network.
IoT devices have become a part of the mainstream electronics culture that people have adopted into. It is estimated that there will be up to 21 billion IoT devices by 2020, impacting how we interact with basic everyday objects.
There are several things to note about the IoT as it becomes more mainstream, as a key element of the Digital Supply Chain.