- 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.
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.
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.
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.
- Written by Victoria Greene
- Category: Management
Data is a topic that’s warmer than lava. The implementation date for the General Data Protection Regulation (GDPR) is 05/28/2018 and if your business isn’t ready for this change in legislation you’ll be in seriously hot water.
- 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.
The advent of 3D printing for production at scale seems to be getting closer to reality. Sure 3D printers have been used for prototyping and remote delivery of pre-production items. And creating one-off parts and custom designs is becoming increasingly common. But forward thinking companies see a future in which goods are delivered by high volume 3D printers that can match manufacturing quantities and lower costs by using generic production materials that are printed in the shapes and quantities needed. That vision is not yet a reality but at least one company is delivering the first wave of production scale printers.
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?
Supply chain managers are not generally considered to be heroic in their daily efforts. Sure, there are plenty of difficult issues they tackle all the time, but the individual things they take care of generally amount to keeping the business running on schedule - in other words, doing what they were hired to do. Supply chain managers can make themselves more important to their organizations by thinking ahead of their daily operations and keeping an eye on these 4 areas of concern that are already emerging in 2018.