The supply chain is enabled in large part by technology. And as that technology continues to inhabit more and more diverse parts of the system it becomes even more important to understand how it can impact operations. The internet of things (IoT) is a now familiar concept as both businesses and consumers see computerized functions attached to everything from street lights to toothbrushes. Here’s an update on how those little devices are becoming more like full fledged computers and what you can expect from that.
In general terms we kinda think we understand what blockchain is, right? It’s a distributed database with very secure encryption making it unchangeable and at the same time publicly visible and annonymous. Sounds good but what does that mean in real terms? If you’re still curious how all this comes together, here’s a demo created by Sean Han @seanjameshan · Developer & Designer, who exlpains, “Blockchain Demo is my attempt at demystifying the technology behind cryptocurrencies. It has a living blockchain, a peer-to-peer network, and a user tour.” You can walk through the 28 steps that describe what blockchain is and how it is made. By the way, this it NOT a crypto-currency demo. Remember that blockchain has lots of uses beyond exchanging money.
IBM has made two big announcement recently. One is a technology play that brings brings cloud computing up another level and the other is one that brings blockchain technology to reality for the supply chain. While both are independent from a business standpoint they will inevitibly come together in ways that may not be obvious at the moment.
- Written by Deborah Huyett
- Category: Technology
It’s a snowball rolling downhill once a supply chain interruption happens – but what if there was a way to pivot before any disruption to the chain occurs? AI brings new meaning to system integration, and it’s a dramatic shift to the current approach which is a manual process, one that is sometimes sluggish and cumbersome. Including Artificial Intelligence into the supply chain creates an all-seeing rapid-response level of protection against problems that typically halt production. For example, the following is a common scenario:
Big data has the potentials to be of great benefits to an organization. It is much more than just data; rather it is an engine that boosts the performance of an organization in a stable, seamless, and sustainable way. Big data brings your supply chain a broad view of all happenings while at the same time narrowing them down to serve each customer’s specific need.
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.
- Written by Scott Nelson
- Category: Technology
Much has been said about the potential for blockchain, the technology underpinning digital currencies like bitcoin, to revolutionise a variety of industries, from voting to fashion to education. Despite this, critics are often quick to point out that many of the proposed use cases for the technology are still years from becoming a reality. However, as an encrypted digital ledger that records all activity that occurs over it, both publicly and chronologically, there is one area where blockchain is already having an impact: global supply chains.
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’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.
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.