The technology, competition and market pressures have changed, and margins have diminished, but the primary components of manufacturing remain the same:
Supply chain management is a key component of productivity and this has necessitated a paradigm shift in the way it is done. Computerized chain management has revolutionized modern business by allowing for better visibility and tracking. The technology allows for real-time monitoring of the entire chain including shipping and invoicing.
The dynamism in technology products including smartphones, GPS devices, and tablets among others has also seen a steady rise in portable supply chain technology which is invaluable in monitoring the supply chain using wireless technology.
The key take away from this revolutionary technology is, of course, the flexibility it offers logistical managers in tracking and monitoring the entire chain. Supply managers can now make adjustments on the fly which averts disruptions in the supply chain.
This in enhances customer satisfaction.
Global brands such as The John Deere Company are leveraging logistic management software to improve productivity in the supply chain. Others like Nike, in collaboration with DHL Supply Chain, are leveraging this technology to enable real-time monitoring of the warehousing and distribution process.
In simple speak, integrating technology in supply chain management ensures: Reduction in operational costs Improved efficiency through reduction of errors Greater customer satisfaction on the other end. To appreciate the need for supply chain management SCM technologies, consider some practical innovations that have been adopted by industry leaders: Radio Technology One of the greatest headaches for any supply chain manager is the increase in anomalies when an order is in transit.
This not only leads to losses but eventually also has a negative impact on a brand. If a product is lost during transit, the supplier bears all the costs and moreover, they have to bear with the ensuing cost of disruption. By adoption of Radio Frequency Identification RFID technology, a company can effectively monitor every product both at the production line and in the supply line.
RFID chips are placed on all items which helps employees to quickly detect any anomalies in an order. It is an innovative way of correcting a problem before it ruins the entire supply chain.
Advanced Weighing Technology One of the greatest encumbrances in the supply chain is in the weighing process. Outdated truck scales are still used in most industrial facilities which greatly compromise efficiency. Luckily, modern technology includes the ingenious onboard truck scales.
These allow for seamless operations when access to platform scales is not available.
They enhance productivity by ensuring a truck carries the maximum weight right from the point of loading while also saving time and money. Social Media Revolution There are over 1.
With such numbers, it makes more sense for modern businesses to leverage the power of social media to optimize their supply chain operations.
It is an ingenious way to open more channels and remain in touch in real-time with all stakeholders in the supply chain. It is easy to respond to questions, report in real-time about incidences in the supply chain, report price changes, and also enhance visibility of the company.
Transport Management Software Computerized supplies management is the future of the business.
The use of computerized shipping and tracking systems helps to integrate all operations from one panel. Moreover, it is now possible to have such a panel in your mobile device meaning you can organize your inventory data, manage shipping, monitor distribution and create an electronic bill of landing, all in the comfort of your office or while on the go.
This enhances customer experience and reduces errors in the entire process. Data Analytics The 21st century has aptly been labeled the information age and this is because of the amount of data readily available.
Every new tool is generating copious volumes of data that is driving intelligence which the supply chain management can use effectively. Think of all sources of data from RFID, customer surveys, CRM transactions and call center logs and you appreciate that supplies management will soon be driven by big data just like the modern stock exchange market.
Final Word The whole idea of adopting technology in supplies management is to simplify the process, thus eliminating redundancy.Ideally, you should think about redesigning your supply chain before its performance is affected.
Supply chain executives should be aware of major shifts in the market or in the current structure/strategy of the company.
For example: What is the most common mistake organizations make in a supply chain redesign? Gartner Predictions for the Future of Supply Chain Operations in Read Article.
Article Effortless Experience Explained Human Resources Information Technology Marketing Sales Supply Chain Finance Customer Service & Support Legal “Redesigning Finance Structure and Roles to Support Growth” to understand the . A supply chain redesign is the type of project that often gets deferred, especially when budgets are tight.
It is complex and time-consuming, and many organizations lack the needed skills and experience. Information systems in supply chain integration and management A. Gunasekaran a, E.W.T.
Ngai b,* Information technology in supply chain manage-ment money for redesigning internal organizational and technical processes, changing traditional and fun-.
Redesigning Supply Chain on the Technology Platform Indian tyre industry is at a crossroads due to the various challenges it is facing after the liberalization of the Indian economy in It is a technology-driven industry and very much dependent on rubber as the major raw material input to the final product.
Redesigning supply networks to operate in the digital economy requires supply chain thought leaders to accelerate the move to enhanced digital capabilities - Image courtesy USC Marshall Center.