Preparing Business for the Digital Supply Chain! Oracle Interviews Mike Mortson!

Mike Mortson was recently interviewed by Oracle as a part of the Oracle Global Supply Chain Influencer program. This article was posted on the Oracle Supply Chain Management blog.

Supply chain professionals are hiking their spending on supply chain innovation—substantially. Ninety-five percent said they plan to spend more this year than last, and 60 percent will spend more than $1 million over the next two years on disruptive technologies such as robotics, automation, predictive analytics, artificial intelligence, and the Internet of Things (IoT). 

As digital transformation confronts supply chain leaders, Oracle caught up with Mike Mortson of Supply Chain Game Changer to discuss the current state of the supply chain technology landscape—including how the easiest path forward, in many cases, may involve embracing a supply chain-as-a-service model to benefit from cutting-edge technologies and first-rate digital supply chain management skill sets.

Here is the Oracle interview with Mike Mortson.

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Augmented Reality (AR) is the Future of Supply Chain!

Augmented Reality (AR) enables transformational change!

When I started in the distribution space, I was told “…business is simple…cases in, cases out.” Reports were on green bar paper and forklifts were everywhere. As the distribution space evolved, the reports became spreadsheets and forklifts remained very important as they are coupled with the latest and greatest automation.

Supply chain improvements over the last 15 years have been incremental at best. The advances we are making in the supply chain powered by Augmented Reality (AR) are going to be wildly disruptive. The supply chain community that leans into AR and gets it right will come out the clear winners for every perspective: simplicity, safety, quality and productivity.

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Leveraging Software Innovations for a More Agile Software Supply Chain!

In today’s digital age, where everything is getting automated, the software supply chain has not been left behind. Technological disruptions have brought about challenges, yes, but they have also unfolded opportunities that are too immense to be ignored.

From managing code releases to ensuring high-level software security, businesses are striving to navigate this digital shift in supply chain management.

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Product Suites are the Future for Supply Chain Tech Stacks!

If you are in the business of manufacturing and/or distributing physical products, your company has invested in systems for digital commerce, CRM, and HR. You have also invested in supply chain systems and product suites to manage and monitor the flow of goods.

In fact, the average mid-size and enterprise company has four supply chain system investments each!

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Supply Chain and Digital Innovation in the Wake of Covid!

The pandemic has caused significant damage to several companies around the world. However, some of them have seized growth opportunities. The cause for this success was the use of automation and digital innovation in the wake of Covid rather than the use of manual processes.

There was a huge challenge in the supply of food and medical equipment that included masks, medicines, sanitizers, PPE kits, and other related products that were required to protect and control the spread of the disease. The pandemic had created a global emergency where the companies associated with the supply chain have abruptly moved into the limelight.

Later on, the health systems began to regain control of the pandemic with the help of coronavirus vaccines. They became a stress relief for all companies associated with the supply chain.

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Critical Infrastructure Planning Guidelines for Supply Chain!

Over the years, digital disruption has become a norm for all industries, and supply chain businesses are not an exception. Technology has changed the entire structure, right from internal communications to physical operations to infrastructure planning.

Things are only going to get bigger and better in the future, with digital innovation poised to take over the sector. Right now, it is important to have the right technology infrastructure for your supply chain business so that you can make it future-ready.

Whether you are planning to start from scratch or looking to revamp the existing infrastructure for your business, here are some guidelines to help with your infrastructure planning.

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Digital Procurement Improves Supply Chain!

The Hackett Group has recently released their analysis of their procurement benchmarking database. It demonstrates the advantages of working with a digital procurement strategy. 

Some of the most notable areas where world-class procurement organizations outperformed the “peer group” were increased operating efficiency and how more effective they were at delivering their services to both, internal and external customers.

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The Supply Chain Control Tower! An Assessment!

The concept of the “control tower” is increasingly becoming widespread in  Supply Chain Management, and Control Tower technologies are a popular topic right within the supply chain community. Every research firm and vendor has their own definition, but all share the common theme of visibility.

A supply chain control tower system is an attempt to make the outside supply chain environment visible to the enterprise, with “end-to-end” visibility being the Holy Grail.

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Foundations of a Digital Ecosystem: Blockchain Bedrock!

In the digital age, businesses and industries are increasingly interconnected, forming complex networks known as digital ecosystems. These ecosystems rely on robust technologies to function efficiently and securely.

One such technology that has emerged as the bedrock of digital ecosystems is blockchain. In this article, we will delve deep into the foundations of a digital ecosystem, exploring the fundamental concepts of blockchain technology and its pivotal role in shaping the digital landscape. 

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Can Blockchain Unblock Supply Chain?

When people hear about Blockchain technology they think of “Bitcoin” and because of this association – The underlying Blockchain technology has been always been viewed suspiciously due its rather radical approach to data sharing on an open platform using cryptography. Can Blockchain unblock Supply Chain?

However the application of the Blockchain technology itself is not just limited to digital currency as the technology can be used for open collaboration for any information across almost any industry.

This article introduces the concept of Blockchain technology and discusses its application in revolutionizing the traditional supply chain processes which are often based on “multiple bilateral links joined together to form a chain” as opposed to the Blockchain which is based on the “formation of an open ecosystem for collaboration”.

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Digital Supply Chain Overview! (Video)

Here we provide the Digital Supply Chain Overview video for you.  Supply Chain 4.0 is the manifestation of the Digital Supply Chain as enabled by the proliferation of Disruptive Technologies that are permeating every aspect of our lives.

The Digital Supply Chain Overview video, created and published at Supply Chain Game Changer, is focused on the Digital Supply Chain, or otherwise called Supply Chain 4.0, because of its profound impact in defining the Supply Chain of the Future!

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Defining the New Normal in Supply Chain! What’s Normal Anyways?

The Coronavirus pandemic has upended almost every aspect of our personal and business lives. And now we hear talk about this “new normal”.

The economic and personal turmoil has been unprecedented. But with uncertainty around the future spread of the Covid-19 virus and uncertainty about the arrival of some kind of vaccine there is increasingly talk of a new normal.

A new normal implies a significant change from our ways of living and doing business as compared to how we lived and worked before we heard of the Coronavirus.

What is this ‘new normal’ state?

And what is the new normal in Supply Chain?

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A Cognitive Control Tower Will Enable Actionable Visibility!

 In my last article, I spoke about the hesitancy standing in the way of multi-tier visibility. But once you have that visibility the journey has only just begun. The end result will require you to have a Cognitive Control Tower.

The next immediate question becomes: what will you do with what is revealed to you? How will you act on what you see? From a solution perspective, you can think of the need as “actionable visibility” – often referred to as a Control Tower.

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Digital Transformation of SCM and Change Management!

Ah yes, the sweet smell of change is in the air. The digital transformation of SCM (supply chain management), more specifically procurement and sourcing functions, is becoming a part of the new normal in business.

Organizations are beginning to hop aboard the technology train en route to their end destination: Innovation City and Top-Line Value Ave. .

Along the way, there will be barriers to a smooth journey, but taking incremental steps towards change will allow organizations to overcome challenges.

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What is the Digital Supply Chain?

All of the technologies that we hear about every day, from Blockchain to Virtual Reality, have many areas of applicability in both our personal and business lives.

But in the area of Supply Chain, which truly spans the entire operations of most any company, these technologies provide the platform to totally redefine how the work of Supply Chain is conducted every minute of every day.

In the simplest terms we are entering the age of the Digital Supply Chain!

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