There is an ever-increasing interest in emerging technologies for supply chain. When thinking of your end-to-end supply chain (from your suppliers’ suppliers through your manufacturing and distribution operations to your customers’ customers), you must consider technology to have a hope of achieving success.
In today’s Amazon-impacted environment, rapid information and product flow must be accompanied with low-cost and efficient supply chains to maximize the customer experience, profitable growth and cash flow. Several of trending technologies to consider in your strategic discussions include the following:
- Additive manufacturing such as 3D printing – it is no longer just for R&D. The progressive distributors are printing to order for items that used to require vast inventory and lead time.
- Collaborative customer technologies – programs such as vendor managed inventory, collaborative planning and innovative logistics partnerships can drive tremendous value.
- The internet of things is certainly taking on a life of its own – how do you plan to utilize in your supply chain?
- If you support retail (and even if you don’t) and don’t have e-commerce, you have missed the boat!
- Robotics – there are plenty of uses for robotics throughout manufacturing and supply chain. Have you considered what might add value for your business? Robotics could give you a 24/7 flexibility….
Staying on top of emerging and/or trending supply chain technologies is a must to succeed in today’s Amazon-impacted world. Don’t get carried away with the latest fads. Instead, take a step back and think strategically about what will support your business today, tomorrow and 5 years from now. Selectively integrate the appropriate technologies to accelerate your growth and success.