Computers that manage your supply chain activities are processing the data that controls your supply chain. It’s been part and parcel of supply chain management for decades. But it wasn’t till the last decade that companies have come to understand that if they stored that data they might be able to apply some analysis to it and learn how to optimize their operations. The challenge has been to find ways to consume the huge amounts of data and find things that could make a difference in real ways, a task far beyond what us humans can handle.
Everything is blockchain. The technology is the answer to every problem even vaguely connected to data and security. At least that’s what the current buzz surrounding today’s darling technology. But is blockchain actually going to replace the various technologies that underpin today’s supply chain? Let’s look at just a few of the issues that will need to be addressed before this can happen.
- Written by Henk Jan Onstwedder
- Category: Supply
In the aftermath of a humanitarian disaster, it's vital for help to arrive as soon as possible through monetary donations, supplies and materials, and on the ground responders. The coordination of these necessities is only achieved through complex operations, and as any disaster relief coordinator can attest, time is of the essence, both in terms of raising funds and quickly beginning relief efforts. In addition to carefully managing limited funding, humanitarian NGOs must manage complex supply chains to ensure the right resources, aid and materials are available quickly and efficiently.
- Written by Bill Dunn
- Category: Management
In recent times, with modern advancements, there have been new strategies to run supply chains. So, now is a time when you have to bring together the old and the new; and bring harmony along your supply chain. After all, it is a harmonious chain of supply that will give your business the success it deserves.
Supply chain managers rise through the ranks for a few reasons. Generally they are valued for their management skills, business acumen, and experience. But experience may turn out to be less important as artificial intelligence moves into supply chain management and develops its ability to replace years of experience with deep learning and instant action. Machine learning is replacing personal experience, and doing a surprisingly good job at it.
It’s no secret that the supply chain has become key to enabling commerce and production around the world. But the employees who manage it have been unrecognized and considered as technicians at best. The Institute for Supply Management found that overdue recognition is finally coming to managers who can take control of costs and processes.
Shipment tracking is one of the most critical services in supply chain management. Millions of dollars worth of goods are lost in transit every year due to a lack of visibility during the shipment process. Therefore, the ability to give an exact and immediate answer to the question, "where is my order?" is critical to the efficiency and robustness of any supply chain. TPSynergy's new IoT tracking devices integrate seamlessly into its award-winning supply chain platform, giving customers the ability to locate their shipment any time of the day.
- Written by Bonnie Bain
- Category: Technology
Blockchain technology will play a key role in supporting supply chain transformation in the healthcare sector by helping to reduce fraud and better manage quality in the manufacturing and distribution of pharmaceutical products, according to leading data and analytics company GlobalData.
If you had been involved in the supply chain 2012 and took a leave of absence till the beginning of 2018 you would have walked into an industry that has changed significantly in terms of technology. Some of the new tech may have been obvious to general IT managers who live in the world of change. But some of the changes are surprises to almost everyone. Here are a few of the tech that’s trending according to MHI’s 2018 Annual Industry Report.
If you’re involved in any way with technology you’re innundated with stories about how blockchain is changing the world and every bit data is now saved from corruption and theft because… blockchain. Is the hype justified? Should you have been developing blockchain oriented systems for the last year? Will your entire supply chain crumble because you haven’t converted to blockchain?