If you’re paying any attention at all to news stories about supply chain you’re noticing that a single issue is vying for your attention. I’ve been mentioning blockchain myself quite a bit, but with a slightly jaded view. Here’s what I’m seeing most recently.
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.
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.
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.
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.