The evolution of the Digital Supply Chain, the broad concept that cloud-based systems, analytics and monitoring of goods, vehicles and other assets via the Internet of Things will improve the way supply chains run, is a major concern for many logistics organizations today.
We know its coming, but how many have a clear understanding of the technology and its applications? Similar terms like digitalization or Industry 4.0, digital supply chain management spans multiple technologies and includes its fair share of buzzwords but how will it all work? How will the evolution of the Digital Supply Chain occur?
Over the last 5 years there has been an explosion of smart and connected devices. Gartner is predicting that by 2020 there will be 37 Billion connected devices and more than 4.3 Zetabytes of data generated by these devices. The Internet of Things (IoT) is well upon us!
Quick adoption of health devices like Fitbit and smart thermostats such as Nest are bringing more and more connections and opportunities into the consumer world. As such many home appliance and consumer goods companies are looking at how they can take advantage of this trend and transform their interaction with their consumers and customers.
In order to understand how this is starting to evolve and how it will impact and change the digital supply chain, let us consider 4 user cases that are emerging with early adopters in this space.
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?
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.
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.
Have you ever tried to drive in a blinding snowstorm or when the rain or fog is so thick that you can’t see in front of your car? It’s not possible! And it’s risky to even try!
So why is it that the Supply Chain in so many companies is being run without the end to end visibility needed to even function, yet which we have in our personal lives?
In this age of exponential growth in digital connectivity the time has come to ensure you have End to End Supply Chain visibility. If you carry a Smartphone you can be tracked anywhere. So why don’t you apply this technology to your Supply Chain?
What is all the fuss about? It’s a word that was rarely used or even heard of in Supply Chain not that long ago. But now it is very common to hear about Blockchain. Further it is often used in the context of being a necessary and integral part of any Digital Supply Chain Strategy.
Most companies do not yet have a Blockchain strategy. More importantly most people do not even know what it is. How can you have a strategy for something if you don’t know what it is? So, as with anything, let’s start at the beginning.
We’ve written a lot about how retail is undergoing some massive changes due to technology, such as augmented reality. The closure of a number of major American chains, as well as Amazon’s recent move into the grocery space with its acquisition of Whole Foods market, signal an industry in flux as it reckons with the ongoing transformations of the eCommerce revolution.
In the last decade, the thinking held that eCommerce might completely supplant brick and mortar retail. It’s easier to shop online than go to a store. Consumers don’t have to deal with lines, limited retail stock, or temper tantrums from kids – kids of their own, or their linemates.
But brick and mortar has shown surprising resilience, and even eCommerce giants are recognizing the appeal of an Omnichannel approach (emphasizing a mixture of brick and mortar and online shopping).
Consumer demand is rising in just about every conceivable industry. Customers want their products better, faster, and stronger; and as they adopt this mantra of “more, more, more”, companies have to keep up. In order to do that, they would have to make some drastic improvements or outright changes in the way they do business through industry innovations – particularly in the supply chain.
Just as advances in Internet-based platforms are improving the way people connect, communicate, and consume, advances in telecommunications, automation, robotics, and information technology are giving industries more power to control, oversee, and optimise their businesses to meet ever-growing demand.
It is no surprise, then, that the latest technologies are the cornerstone of business innovations for the foreseeable future. In this article, we will be taking a look at some of these innovations that are trending among companies and seeing how newer businesses can integrate them into their systems.
Supply Chain 4.0 is the manifestation of the Digital Supply Chain of the future as enabled by many of the Disruptive Technologies that we all hear about every day. Here we review our Digital Supply Chain infographic.
Everyone is impacted by the advancement of technology in both their personal and professional lives. And that impact will only become more profound as time goes on.
The Internet of Things (IoT), Artificial Intelligence (AI), Virtual Reality (VR), Cloud Computing, Blockchain, Robotics, Big Data, Advanced Analytics and more are terms represent the technological breakthroughs that are being made every day.
For those involved in Supply Chain there are deep impacts that are occurring, and that will continue enabled by the evolutionary and revolutionary change that is enabled by technology. Let’s look at the Digital Supply Chain infographic.
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.
Manufacturing technology helps power forward the industry into areas it has never been before. It can also help cover every section of your manufacturing process that you could even think of.
This includes being able to accurately calculate the real manufacturing cost of our products (and meet customer cost reduction requirements), by measuring things like failures in production, repairs, products return from customers, scrap of products and components, and late deliveries of products to customers.
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!
The intersection of artificial intelligence (AI) and fintech is one of the most rapidly growing and promising areas of technological advancement. With the rise of automated services and algorithms that can quickly and accurately process large amounts of data, AI and fintech is revolutionizing the way financial institutions, businesses, and consumers interact with each other.
This intersection is also creating several legal issues and implications that need to be addressed. In this article, we’ll explore the legal implications of the AI-fintech intersection and how it affects the way we use and protect data, contracts, and intellectual property.
Everyone knows that we live in an increasingly tech-centric world that sees us spending more time online. This is certainly true when it comes to supply chain management in business and the future of cybersecurity, for example.
Modern management of supply chains involves the latest software and tech platforms to track goods in transit or manage stock levels. Digital tech is also very important across not only the whole business sector but also our personal lives.