Digital Supply Chain Predictions!

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Digital transformation is now the overriding priority for most manufacturers and retailers, with the adoption of digital technologies aimed at improving efficiency and effectiveness in the shorter term while providing the opportunity to grow a leaner operational protocol in the future.

The focus is definitely on the efficiency of operations relating to technological applications. The big question is; are you ready? If not, perhaps we can help.

Here are some interesting predictions from a reputable international research firm, IDC, which highlight key areas of technological applications regarding the impending digital revolution of the international supply chain.

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The Reality of Automation in Procurement!

The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes. But there is the reality of automation in Procurement.

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Digital Transformation Technologies and Predictions!

According to a recent survey conducted by Forbes Insights, 65% of logistics, supply chain and transportation executives acknowledge the necessity to revamp existing models and add flexibility to business operations in order to ensure omnichannel delivery, reduce costs and meet the ever-shifting consumer demand. through digital transformation.

In fact, 72% of enterprises involved in planning, executing and monitoring the flow of products from the point of origin to the point of consumption consider improved customer experience the key benefit of business transformation.

The path to increased operational efficiency and customer satisfaction lies in the digitalization of logistics workflows.

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Amazing Examples of 3D Printing Technology!

3D printing technology is not new.   Its been present for two decades now.  But this technology is so broad, immersive and innovative, people are continually stretching the limits of 3D Printing and continuously discovering more interesting and more challenging things with its application.

From developing an artificial human body part to manufacturing a fully-fledged supercar prototype, it’s assured that this is the most innovative and cutting-edge technology we have discovered to date.

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The 5 Big Benefits of the Digital Supply Chain!

What’s the core difference between today’s supply chain and benefits of the digital supply chain?

Look down at your desk. What do you see? If you see paper, pen, and a computer, you see the typical, modern supply chain.   If asked, could you provide the latest information on your current automation, key performance indicators, data, use of IT applications, and finance government?

The chances are good that much of this information is stored digitally. However, you would probably need to look through some of the physical, tactile paperwork to find all of the information.   Also, is the information stored only your computer or a server? Now, how long is that going to take you?

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How AI, Machine Learning and Automation Will Impact Business!

We are living in exciting and innovative times with futuristic technology literally at our fingertips to impact business. But for the longest time, small to medium sized businesses were not serviced by the latest tech trends enterprises have been able to benefit from. That is, until now.

In this article, we’ll explore these technology trends and how they will impact business in the future.

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Digital Twinning of Supply Chains!

This Digital Twinning of Supply Chains article focuses on transformative ideation of transport & logistics value chains. Current practices of Digitization, e-shopping and industry 4.0 have disrupted the market which is embarking for a revision of managed processes, policies and outcomes that may have once served the business well but are now being challenged at the fundamental level.

Any supply chain has complications which creates difficulty in making changes in a piece of the value chain – a balance is required in supply chain orchestration through digital transformation.

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5 Steps Towards Digital Supply Chain Transformation!

Here we present five important steps for all individuals that are interested in digital supply chain transformation to help you attain success despite the numerous challenges that you are likely to experience. 

In a digital supply chain, the different foundations are created using web-based elements. In the current generation, most systems are hybrid, which means that the supply chain systems utilize a mix of IT-enabled and paper-based systems.

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The Digital Supply Chain Road is Full of Potholes, Construction and Accidents!

The Digital Supply Chain road, or Supply Chain 4.0, is the path to the future.

Enabled by highly publicized technologies such as Blockchain, Big Data, the Internet of Things, Autonomous Vehicles, Cloud Computing, Artificial Intelligence, Virtual/Augmented Reality, 3D Printing and more the Digital Supply Chain holds great promise and exciting opportunities.

But even with established technologies the road to implementation can be challenging to say the very least.

As you are developing your Digital Supply Chain strategies it is important to understand, consider, and account for the inevitable problems and obstacles that will test your resolve and your leadership.

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Will Driverless Trucks Ever Gain Traction?

Self-driving vehicles (driverless vehicles) are being tested throughout the world, with technology companies focused on bringing greater efficiency and profitability to the freight business.

Heavy hitters, including Uber with its recent purchase of Otto, and Tesla with its initiatives for autonomous driving platforms, have made waves throughout media outlets and investor groups alike.

However, driverless trucks have yet to gain full traction in the broad market for a variety of reasons.

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Breaking Down the Latest Trends: Supply Chain Shifts in the Business World Today!

The modern business landscape is dynamic, constantly evolving in response to technological advances, geopolitical shifts, and consumer demands. One area that’s seen a significant transformation in recent years is the supply chain.

As the backbone of global commerce, understanding its shifts is crucial for any business professional. Below, we dive deep into the major supply chain shifts and trends shaping the business world today.

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5 Seismic Shifts in Supply Chain Technology!

Supply chain technology is seeing seismic shifts and changing rapidly as new, innovative solution providers leave traditional legacy players behind.  

Tremors. Seismic shifts. In supply chain management technology there is a fault line separating new, innovative technology providers and traditional supply chain software providers, and the gap between them is growing.

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Humanless Warehousing: Tips for a Robot-Driven Future!

Mujin, a Tokyo-based company, has developed and deployed the first fully automated, humanless warehousing robotic systems, reports CNBC.

Unfortunately, significant challenges continue to plague the idea of humanless warehousing, yet the benefits of automation and robotics must not be ignored.

Supply chain leaders need to understand these facts and follow a few tips to prepare for a robot-driven future. 

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Magnetic Coupling 101: Enhancing Warehousing and Logistics!

Magnetic coupling is transforming warehousing and logistics by making processes faster, safer, and more efficient. This technology helps connect two objects using magnetic fields rather than physical links, which can improve the flow of goods and reduce the wear and tear on machinery.

In warehousing and logistics, magnetic coupling is increasingly valuable, especially as companies seek better ways to handle high demand and streamline operations.

But how exactly does it work, and what benefits does it bring? Let’s explore how magnetic coupling can enhance warehousing and logistics systems and why it’s becoming a key part of modern operations.

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Procurement Bots – Transformer or Destroyer?

The last few years have seen a lot of real (and over) hype associated with the emergence of Software Robots (called Bots/Bot) and Procurement Bots which are disrupting the legacy procurement processes involving human interface.

This research paper introduces the concept and evolution of the Bots, their characteristics with focus on Procurement processes, the Pros and Cons and debates on the transformation of the procurement function (vs destruction of human interface).

In summary – Bots will have a high appeal on the transactional and digital side of procurement processes and will gain exponential growth in the coming years with the advent of cognitive and machine learning tools.

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