As the list of disruptive supply chain technologies explodes, more and more organizations are recognizing the potential competitive advantage of being early adopters. Advanced analytics, artificial intelligence (AI), Internet of Things (IoT), autonomous vehicles and robots, and blockchain each have then potential, when implemented well, to help organizations optimize the supply chain.
These technology innovations combine with supply chain management (SCM) strategy and operations to allow organizations to efficiently and effectively get the right supplies and products to the correct place in the right amount at the perfect time. With increased globalization and complexity, increasing consumer demands, and ever-present unpredictability, choose the right initiatives to optimize the supply chain from end to end is important.
“Supply chain leaders must assess their company’s risk culture to determine their readiness to explore and adopt emerging offerings,” advised Christian Titze, research director at Gartner, in a recent blog. “If in doubt, consider piloting small projects to determine whether the potential benefit of the technology trend is worth the risk and required investment in new skills, capabilities and services.”
Organizations can must implement strategic, innovative and customer-centric models to compete in today’s global market. The infographic below from Morai Logistics, looks at some of the challenges facing supply chains in 2018, as well as how these distribution networks can optimize their processes to deliver efficiently and effectively.
Where are you focusing your supply chain optimization efforts? What challenges are you trying to solve? Let us know in the comments section below.
— Hailey Lynne McKeefry, Editor in Chief, EBN