How AR & AI Can Transform Logistics

Industry 4.0 technology and its rapid adoption during the pandemic has assisted many businesses in navigating labor and productivity challenges by streamlining factory and process workflows. Augmented reality (AR), artificial intelligence (AI), robotics and IoT continue to make their way into supply chain operations and logistics, driving new levels of efficiencies with increased cost avoidance.…

Using Automation Intentionally to Improve Supply Chain Efficiency

Distributors, manufacturers, and many other businesses are using automation technologies to improve supply chain efficiency. But they may only be scratching the surface of automation. And with the right approach, businesses of all sizes and across all industries can use automation technology to optimize supply chain efficiency — and more. Artificial intelligence (AI) bolsters back-office…

It’s the 21st Century, Ditch Those Spreadsheets and Automate

Editor’s note: This is the first of two parts. We are in an unprecedented age of the “4th Industrial Revolution” — a phrase coined by the World Economic Forum’s Executive Chairman Klaus Schwab back in 2015. It heralds the breakthroughs in numerous emerging technologies that are being embraced across all industries and in the public…

The Medical Supply Chain of the Future: Consistencies and Changes

Supply chain disruptions have widespread ripple effects in many industries, but in healthcare they can be critical. Shortages, delays, and other unforeseen events in medical supply chains can result in patients not having the medication they need or insufficiently equipped hospitals. Such disruptions are a problem in any sector, but in medicine, it can be…

Can Procurement Departments Keep Up with AI’s Evolution?

As artificial intelligence (AI) capabilities mature, an increasing number of businesses are investing in AI initiatives and leveraging automation in their daily business operations. This once leading-edge technology is becoming more ubiquitous and is quickly becoming an imperative to long-term success. In fact, analysts project the global AI market to grow from $47.5 billion in…

How an AI-Applied Supply Chain Enables Efficiency

Today’s supply chains are laden with inefficiencies, as most companies rely on antiquated practices to oversee and manage how goods get from place to place. The supply chain is delicate — even one disruption among suppliers, buyers, and logistics providers can have a trickle-down effect that causes waste, time loss, and increased carbon emissions. With…

Navigating 6 Supply Chain ERP Challenges

Enterprise resource planning (ERP) tools help supply chain professionals overcome numerous obstacles. However, deciding to use an ERP for improvements brings challenges, too. 1. Choosing an ERP to match your order volume Maybe you’ve noticed an increase in recent orders. Getting more business seems like a good thing, and it’s generally a positive occurrence. However,…