Tag Archive: IoT

The Resilient Supply Chain: Should We Invest in Technology

December 7th, 2018

In today’s Amazon-impacted, Uberian environment, technology opportunities abound!  Beyond ERP and related subsystems, there is IoT, blockchain, robotics, autonomous vehicles, predictive analytics and much more.  Should we invest or not?

Clearly, if we invest in every one of these opportunities, we could “go broke”. How do we decide? And, will it help us create a resilient supply chain?

 

The answer:  It depends!
Our best clients follow a similar process and answer the following questions:

  1.  What is the state of the industry?  What disruptors are likely to impact the industry?  What trends are occurring? Where do we see it going?
  2.  How do we stand in the industry?  How are we positioned?  What is our unique value proposition?  What differentiates us from the competition?
  3.  What is our technology/ IT infrastructure?  Does our ERP system support our current needs?  Does it support our growth? Is our ERP partner aligned with technology partners that can help in expanding our future technology capabilities?  The bottom line – where are we starting?
  4.  What is our vision?  Understanding where we want to go is relevant.  What will it take to achieve our vision? Do we know what people, processes, systems/ technologies and culture change will be required to attain our vision?
  5.  Is the technology required to achieve the vision? (given our competitive differentiators and changes occurring in the industry)  Adding technology that doesn’t support our vision might be exciting but doesn’t support the future whereas not investing in technology required to support our vision is also problematic.
  6.  What are the priorities?  If there are several technologies required to support progress, which are required first in terms of sequence (if relevant), which have the greatest impact, and which are urgent to meet a customer need or avoid a negative consequence?

The Bottom Line:
Don’t invest because everyone is investing.  Invest because it supports scalable, profitable growth.

 



AI, Robots, IoT, Blockchain, Hike!

July 16th, 2018

AI (artificial intelligence), Robots, IoT (internet of things), Blockchain, hike! Doesn’t it sound like a foreign language?  It certainly does to my mother! Yet it is the language of the future.

business intelligence

Which of these technologies should we pay attention to?  Let’s look at some of the more popular ones:

  1.  AIDepending on your industry, AI will most certainly impact it.  Service industries such as accounting are definitely impacted. After all, if a program like Alexa can learn how to put together your taxes, it is bound to disrupt.  Machine learning and artificial intelligence can be powerful – preventative maintenance can be completely redefined in a proactive, predictive way.
  2. Robots – Isn’t everyone talking about robots?  Of course, this is partially because they are fun to talk about.  Is a robot good in all situations? NO! We’ve seen many manufacturers and distributors try robots and end up slowing the process down because they didn’t think about the full impacts.
  3.  IoT  We don’t even think about all the devices that are connected in our everyday lives.  Smoke alarms, security systems, phones, refrigerators, Amazon Alexa, our car, traffic signals, manufacturing machines, RFID tags and much more.  Connecting devices because we can yet for no valuable use just adds to the mountain of data to analyze. Instead, we should think about the strategic use of IoT for our business.
  4.  Blockchain Talk about another buzzword!  Isn’t a phone call, an email, EDI, lot traceability in ERP or a customer portal sufficient?  Many times – yes. Again, the value of blockchain should be evaluated before jumping on board with the latest and greatest trend; however, there will be uses.  When instantly visible, irrefutable and non-changeable (think avoidance of high potential fraud), traceable transactions are required, it might be just the medicine.
  5.  Autonomous vehiclesForklifts, cars, trucks, and more.  Again, let’s think ‘fit’ to our business.  In trucking, it is likely to make all sorts of sense.  Rates continue to rise. There is a shortage of drivers. Baby boomers are retiring. Environmental rules continue to increase. It does seem to fill a potential gap.

The underlying bottom line when it comes to technology remains – let’s not use technology for technology’s sake!
Instead, think smart. How does it fit with your business requirements? Will it provide a superior customer experience?  Purse those with a strong return on investment, ignore the rest and success will follow while your competition chases ‘shiny objects’.



Top Technologies for 2018

January 5th, 2018

vendor managed inventory

 

Technology Creating Business Value
We have never been believers in technology for technology’s sake – or, worse yet, FADS. However, there are some top technologies to keep an eye on in 2018 if you plan to create business value.  Not only are my most successful and progressive clients thinking about these technologies, but they are investing to leapfrog the competition.

What to Watch

  1. Artificial intelligence (AI)- Who can argue with the potential power of this technology?  It is saying something when my mom said her Amazon Alexa was the best gift she ever received (even though she only uses the alarm functionality).  Imagine how AI might transform entire industries (such as accounting) and functions (machinery and equipment maintenance).

  2. Blockchain – Although still in early stages, blockchain has the potential to transform high stakes transactions using a shared, secured, synchronized and immutable ledger.   

  3. IoT (the Internet of Things) – In today’s interconnected world, you cannot get away from connected devices.  We take them for granted.  The ultimate (which seems to be viable by 2020) is self-driving trucks.  Imagine the connections required to turn this concept into a reality. Yet, testing is already underway – and quite successful.  

  4. Predictive Analytics There is immense power in not only sifting through mounds of data rapidly and efficiently to pick out the trends and highlights, but taking that a step forward with predictive analytics is a game-changer.  Are you thinking about how to integrate predictive analytics into your decision-making processes?

  5. ERP and CRM Although tried and true, these “must have” technologies are no longer advantages. If you are interested in profitable, scalable growth, you’ll put these two topics on your strategic priority list.  

Your Edge
Customers expect you to be ahead of them, are you?



Leveraging Technology for Supply Chain Success

November 11th, 2017

Supply Chain Briefing

My APICS Inland Empire chapter hosted our 11th executive panel and networking symposium on Leveraging Technology for Supply Chain Success.  We had interesting discussions with top notch panelists spanning the end-to-end supply chain from Disney to OceanX.  The panel covered diverse supply chain topics such as autonomous vehicles and machine learning – thanks to  Terrie Dean, Craig Young, Stephen Richie, Thomas Jelenic and Matt Weinberg .  The event was a complete success thanks in large part to our Board of Directors (pictured below) – Valerie Ladd, Kevin Manning, Lisa Anderson, Parizad Sethna, Phil Elhai, Pamela Scrivner , Tony Martinez, Kate Loin-Barron, and Helen Arambulo.    

The Impact Technology is Having on our Economy
It is compelling to think about the BIG impact technology is having on manufacturing, transportation, warehousing and more.  Robots are taking over several aspects of manufacturing and distribution to speed up the process and reduce costs, so that we can be more competitive and successful in Southern California.  Have you thought about what this could mean to our economy?  Machine learning and artificial intelligence is also prevalent.  What could we accomplish by having the “right” data at the “right” time in the “right” place?  The down-the-line impacts of the strategic use of data are staggering.

What Should We Consider and/or What Impacts Could Arise?
Leveraging technology for supply chain success is a vast topic. So, it makes sense to start by absorbing the relevance and importance of the topic.  Our most successful clients are constantly looking for ways to leverage technology to not only deliver products and services more quickly (think the Amazon effect) but also to remain viable from a cost perspective.  Have you thought about the value that can be gained by IoT?  The internet of things can capture data so that repair folks can be ahead of the game, parts can be available much more quickly, items can talk to one another (such as cars to traffic lights) and much more.  

The least we should do is be aware of the dramatic impacts technology could have on our businesses and to our customer experience.  Have you considered how to utilize technology to stand out from the crowd and deliver exceptional service so that your customers don’t even think of buying from anyone other than you?  Can you utilize data to better understand their needs?  Can you use technology to provide additional value?  What else could you do?  Gather your team and brainstorm.  Involve your customers in the conversation as well.  

Let me know how it goes.   

 



APICS Inland Empire Announces Panel for November 4 Fall Symposium

October 20th, 2017

APICS Inland Empire Announces Panel for November 4 Fall Symposium

Panel Addresses Technology for Supply Chain Success   

CLAREMONT, CA – October 19, 2017  APICS Inland Empire Chapter (APICS-IE), the leading association for supply chain and operations professionals, is proud to announce the Expert Panel assembled for the November 4, 2017 Symposium: “Leveraging Technologies for Supply Chain Success”.

 “Technology affects all aspects of the Supply Chain from the movement and tracking of raw materials to forecasting and scheduling and the jaw-dropping autonomy of machines and transportation” notes Lisa Anderson, APICS-IE Chapter Leader and President of LMA Consulting Group. The topic is broad and far-reaching.  “Various technologies are experienced and leveraged within the supply chain.  We are thrilled to have such an experienced panel of supply chain professionals who will share their experiences and discuss the technological innovations and practices that will dominate and impact the end-to-end Global Supply Chain in the near future” she concluded.

Panelists include:

  • Terrie Dean, Director, ISCM Compliance Technology at The Walt Disney Company
  • Craig Young, Vice President of Operations at Tropicale Foods, Inc.
  • Stephen Ritchie, Professor, Civil Engineering, University of California, Irvine

The symposium attracts industry professionals from throughout the Inland Empire and Southern California and is supported in large part by sponsors that benefit from and support supply chain professionals.  This year’s sponsors include: Arbela Technologies (Arbela), The Manufacturing Executive Institute and Reveel.  “We are delighted to support the APICS-Inland Empire chapter. Professionals experience the effects of digital transformation everyday” commented Nima Bakhtiary, President of Platinum Sponsor, Arbela, a global consulting and software solutions provider for the manufacturing and distribution industries. “The Internet of Things (IoT) and machine learning have taken monitoring and predictive capabilities to a new level. We see these solutions being used across the supply chain from forecasting and manufacturing for efficiencies to sales and marketing for predicting consumer behavior. This is will continue to evolve” concluded Bakhtiary.

The APICS-IE Fall Symposium: “Leveraging Technologies for Supply Chain Success” will be held Saturday, November 4, 2017 from 8:00-11:30 AM at the Eagle Glen Golf Club in Corona. Fees to attend are $15 for members, $25 for non-members and students are free. A breakfast buffet is included. Register online at http://events.r20.constantcontact.com/register/event?oeidk=a07eejzcmlh6e2c67f6&llr=pd7pgykab

About APICS

APICS is the leading professional association for supply chain and operations management and the premier provider of research, education and certification programs that elevate end-to-end supply chain excellence, innovation and resilience. APICS Certified in Production and Inventory Management (CPIM) and APICS Certified Supply Chain Professional (CSCP) designations set the industry standard. With over 37,000 members and more than 250 international partners, APICS is transforming the way people do business, drive growth and reach global customers.

About APICS – Inland Empire

The APICS Inland Empire Chapter (APICS-IE) covers the Inland Empire region of Southern California, which spans the easternmost portion of Los Angeles county and includes San Bernardino and Riverside counties.  The chapter offers educational classes, programs and special events in the hotbeds of manufacturing and distribution activity including Ontario, Riverside and Temecula.  APICS-IE partners with other organizations supporting manufacturing and distribution such as the DMA (Distribution Management Association), neighboring APICS chapters, industry leaders and government officials in support of furthering the region’s workforce development and growth