Technology

Technology (114)

Are You Tracking These Supply Chain Changes?

 The logistics and supply chain industry is fast embracing technology in its quest to keep up with the trends in the digital age. With the fast pace of technology, businesses must move with speed to advance and become competitive. Technologies like machine learning (ML), artificial intelligence (AI), blockchain, supply chain integration and the internet of things (IoT) are proving useful in this quest because they will ensure you lead the race. Here are some logistics trends you need to watch this year.

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Digitize Your Supply Chain for Better Efficiency

The supply chain is undoubtedly one of the most crucial parts of any business. For this reason, most executives believe that getting the supply chain right will translate to better supply chain costs. This is not an easy task considering the supply chain is a series of discrete siloed steps that are taken through marketing, development, manufacturing and distribution of a product to the hands of a customer. However, with digitization, the siloes are broken. The chain becomes an integrated, transparent ecosystem for each player, from raw material suppliers, components suppliers and transporters of finished products to the customers who demand fulfillment.

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Reducing the risk of supply chain attacks and strengthening security

Supply chain attacks continue being a global threat to businesses and individuals alike - even during COVID lockdowns over the past two years and more localised events like the disruption caused by recent floods on the East Coast of Australia. For many consumers, the disruptions are evident by the difficulty in receiving different goods and services. Amid the ongoing challenges, keeping supply chains continually moving in 2022 will take on a whole new level of complexity -- especially when it comes to keeping them secure from cyberattacks.

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Reducing The Risk Of Supply Chain Attacks And Strengthening Security

Supply chain attacks continue being a global threat to businesses and individuals alike - even during COVID lockdowns over the past two years and more localised events like the disruption caused by recent floods on the East Coast of Australia. For many consumers, the disruptions are evident by the difficulty in receiving different goods and services. Amid the ongoing challenges, keeping supply chains continually moving in 2022 will take on a whole new level of complexity -- especially when it comes to keeping them secure from cyberattacks.

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Unhook Your Supply Chain

The Internet of Things (IoT) has become a buzzword in the tech space over recent years. For the supply chain, it is transforming many aspects, starting from asset tracking to management of inventory and fleet operations. Experts predict that 15 billion more devices will come online in the next decade. These devices can tell supply chain managers where the assets are, help the companies eliminate logistics bottlenecks and enhance the quality of products. Sadly, some limitations have made the deployment of IoT challenging. The limitations are mainly to do with wired and conventional/disposable battery-powered solutions. However, with the technologies like wireless power, the supply chain will be transformed for the better, closing the gap and allowing supply chain managers more insight into the product conditions and how safety and quality might be affected.

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These Technologies Make a Difference in Operating Your Supply Chain

Supply chain and Logistics have gone through many changes in the last decade. Thanks to the rise of various innovative technologies such as machine learning, artificial intelligence and neural networks, processes have now been streamlined, and providers have managed to bring down the cost of operations. In the face of globalization, increased product complexity and rising customer demand, companies are capitalizing on technology to transform their supply chain operations through innovation and efficiency in service delivery. Here are some technologies that make a difference in operating your supply chain.

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The Right IoT Implementations can Improve Your Supply Chain Performance

The Internet of Things (IoT) is changing many things in our lives. It is changing how we look at or do everything, from managing our homes to looking after our health through wearable devices. However, the supply chain sector seems to be the biggest gainer with the advancement of this technology. Thanks to IoT, companies in the supply chain sector can now do many things better, including tracking products in the supply chain from the manufacturing plant to store shelves. As one of the players in this sector, the right IoT implementations can substantially improve your supply chain performance. Here are some benefits of IoT in the supply chain.

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Real-Time Visibility for the Supply Chain with RAIN

Companies in the supply chain sector worldwide are increasingly investing in modern technologies like AI and IoT to enhance performance. This has even been increased by the pandemic that has made in-person operations nearly impossible. These digital solutions have allowed businesses to capture and use their data and promote efficiency. Unlike the manual processes that can result in inefficiencies, errors and delays, using technology enhances productivity, visibility and accuracy. That is why supply chain companies are increasingly capitalizing on technology to make things work. With the Internet of Things (IoT), inventory management and asset tracking can be modernized, and transparency in operations can be improved. RAIN RFID is one such technology that can be adopted to solve inefficiency and human error issues.  Here are some ways you can use RAIN RFID technology in your supply chain to bridge the IoT gap.

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Which of These Technologies Are You Ignoring?

 Supply chain is one of the industries that are fast evolving. The changes in this sector are occasioned by the rising demand for efficiency by the customers and the ever-increasing competition from new entrants and established players who invest in technology. The industry always evolves to meet the needs of the global demand and in return, get huge benefits. With the new year around the corner, we take a moment to look at the technologies that you may be ignoring in this industry, leading to losses.

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Why Would Your Want to Migrate Your Supply Chain to the Cloud?

 As the coronavirus pandemic has proven, a good supply chain is critical for operations in various industries. It helps companies achieve efficiency in things such as customer centricity, operational efficiency and compliance, all of which are necessary for success. If properly handled, the reputation of your company can significantly improve. With the changing business landscape, what worked yesteryears are no longer effective. Some of the things that have changed include increased customer expectations, fluctuating demands, increased competition and globalization, all of which have tested the players in the supply chain industry to their limits. The simple solution to this challenge is the adoption new strategies, one of which include cloud computing. Here are the reasons why you should migrate your supply chain to the cloud.

  • It has become hard for the on-premise supply chains to cope with today’s needs

The increased competition in business has accelerated the need for the adoption of new strategies to cope with the emerging customer needs. Some of the demands include faster delivery of goods, transparency in the supply chain and the challenge of new entrants. With so many things to consider in the market, lack of agility and scalability can only make things worse. With the on-premise supply chain management, you can incur unnecessary expenses not to mention lack of flexibility that is necessary to respond to customer needs appropriately. With cloud computing, the supply chain rigidity, that is known to hinder growth, will be avoided while visibility will be ensured. You will also run away from the costs of maintenance and upgrades while focusing on innovation.

  • Integration

Unlike on-site supply chains, cloud computing enables integration. It is allows sharing, input and output of data and lets teams and individuals to work on projects across the organizations. Accordingly, cloud computing solutions enable data to be sourced from one cloud to the other. This gives supply chain professionals the opportunity to work with robust platforms that have advanced capabilities. Through various standardized protocols, multiple platforms can work together. These platforms also build higher trust and transparency among those who use the cloud.

  • Scalability

For supply chains that operate at a global stage and need to ensure communication channels are open and collaboration is enhanced, accessibility of datasets requires unmatched scalability. Cloud computing allows these companies to keep multiple networks of individuals and organizations under one cloud defying geographical boundaries. With just an internet connection, storage, communication and sharing of files can be done fast and efficiently. You may need such scalability for enhanced operational procurement and purchasing teams. Within a short time, supply chain managers can extend their services to a global marketplace. As such, there is room for growth and more advanced capabilities. With cloud-based analytics, your business can isolate their main inefficiencies in the order fulfillment process, that will boost your growth. 

  • Enhanced security

The importance of data in supply chain data cannot be matched. Therefore, when your data is hosted in the cloud, you must be confident that it will remain secure. This can only be achieved by investing heavily in security features such as regular updates, encryption and scanning. Unlike the on-site storage, cloud service providers have advanced logical and physical security features that are good for your business.

  • Ease of use

The cloud-based supply chain can be deployed fast and allows you to outsource many activities such as management, maintenance and purchase of necessities. This means that the time that you could have spent in managing different aspects of the on-site storage can be used in innovation. Moreover, there are other benefits of adopting the cloud such as simplification of user activities, fast and quick access and the possibility of using it in collaboration with other tools.

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