Procurement professionals have the same question looming over their head on a daily basis about Digital Procurement:
“How do you plan on dealing with digitalization?”
Continue reading “The 3 Pillars of Digital Procurement!”Tag: Digital
Digital technology will define the Digital Supply Chain of the future. Blockchain, AI, VR, Drones, Big Data and more are exciting technologies.
Are We Facing the End of Supply Chain Management?
EBOOKS HEREA new article in Harvard Business Review has been generating some automation-related controversy in the Supply Chain Community, as well as lots of buzz and interesting conversation. Naturally, we want to weigh in and the end of Supply Chain Management.
Titled, “The Death of Supply Chain Management,” the article discusses the way that automation, AI and big data are transforming the industry.
It raises the alarm that the function will soon cease to exist, only to – as these “X is dead“ articles often end up doing – assert that it will still exist, just in a very different form.
Continue reading “Are We Facing the End of Supply Chain Management?”Cyber Security: The Weakest Link is Your Biggest Risk!
We all know how important cybersecurity is now that technology powers commerce in such a significant way. But if you perform work as part of a supply chain, you know that the stakes are especially high with cyber security the weakest link.
Given that you’re part of a network of providers, vendors, transporters and managers, the impact of the weakest link in the supply chain cybersecurity “chain of custody” can be significant.
Continue reading “Cyber Security: The Weakest Link is Your Biggest Risk!”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?
Continue reading “The 5 Big Benefits of the Digital Supply Chain!”You are Connected Everywhere! Why isn’t your Supply Chain Connected?
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?
Continue reading “You are Connected Everywhere! Why isn’t your Supply Chain Connected?”Blockchain and Information Governance! (Infographic)
Consider any company that procures goods and services from a vendor. There are numerous processes involving several departments which have to draft different records – purchase orders, term sheets, statements of work, incremental revisions, etc. These records are crucial for resolving any disputes, including Blockchain information governance.
Now, imagine there was a disagreement and forged documents were presented. It would be a long, tedious, and most probably costly process before parties get to the bottom of the issue. That’s why we need information management, which main task would be to keep track of all documents.
Continue reading “Blockchain and Information Governance! (Infographic)”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.
Continue reading “The Supply Chain Control Tower! An Assessment!”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!
Continue reading “Digital Supply Chain Overview! (Video)”How to Optimize Your Factory for Industry 4.0!
Believe it or not, Industry 4.0 — the latest specialization for modern factories and manufacturing plants — does factor into design and and help optimize your 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.
Continue reading “How to Optimize Your Factory for Industry 4.0!”The 5 Levels of Supply Chain Transparency!
One could argue Supply Chain transparency — at it’s origin — is a byproduct of consumer concerns, materialized within poor production, social and/or environmental quality.
As the story goes, the meatpacking districts of Chicago were one of the first recorded drivers, towards the need, for supply chain transparency. The Jungle, authored by Upton Sinclair, outraged the American public in 1904, after Sinclair’s depiction of the harsh realities of the meat industry at the turn of the 20th century. The book sparked consumer concern, which prompted the Food and Drug Act and the Meat Inspection Act (Linich 2016).
Continue reading “The 5 Levels of Supply Chain Transparency!”5 Trends in the Gartner Hype Cycle for Emerging Technologies
Widespread Artificial Intelligence, Biohacking, new platforms and immersive experiences dominate this year’s Gartner Hype Cycle.
Waiting curbside for an Uber or Lyft driver might one day be the old-fashioned way of getting around. Instead, passengers will need to head to the helipad to catch a ride from a flying autonomous vehicle.
Not only will these future taxis take to the sky to potentially reduce traffic, they’ll operate independently of a human pilot.
Continue reading “5 Trends in the Gartner Hype Cycle for Emerging Technologies”Supply Chain as a Service (SCaaS)!
I began my career working in a manufacturing plant within an international company that was completely vertically integrated. From component manufacturing through to subassembly manufacturing and end product assembly they did it all.
Within 10 years the company experienced a number of site closures and declared that manufacturing was no longer a core competency. For the site that I was a part of this meant that closure was an inevitability.
Faced with this stark reality we made the choice to spin off from the parent organization and start our own new company, entering the world of Contract Manufacturing.
This was my first experience with Outsourcing, or what I refer to as “Supply Chain as a Service” (SCaaS).
Continue reading “Supply Chain as a Service (SCaaS)!”The Guinness Book of World Records for 3D Printing!
Technology and creations go hand-in-hand. The former is fundamental in building anything that can impact development, lifestyle, and economy. Take for instance, the 3D printing technology and how it rewrites the Guiness Book of World Records.
Though it was introduced three decades ago, it is recently that its impact is felt in industrial and manufacturing sectors. It has paved ways for testing and trying many things that has changed the traditional manufacturing methods.
All that invention and creativity that went into it, have enabled in developing many “worlds first.”
Continue reading “The Guinness Book of World Records for 3D Printing!”How to Synchronize Your Supply Chain!
What comes to mind when you hear the word “synchronize?”
Do you think of a watch, with all its gears turning underneath the surface? Music? Your favorite sports team?
Do you think of your business’s supply chain?
If not, that might be a problem for you.
Continue reading “How to Synchronize Your Supply Chain!”