Modern marvels and new information technologies are transforming supply chains. Automation, robots, AI (artificial intelligence), 3D Printing, Bitcoin technology and the IoT (internet of things) are changing the way we look at supply chains. Are you thinking about any of these technologies down-the-line? Or are you thinking about the impacts of your competitors pursuing them? You should!
We partner with clients to keep them at the forefront of these information technologies. At the core, we partner with executives to help them select the optimal ERP system to support their business objectives. Certainly, automation has always been a hot topic. Recently, AI and and predictive analysis have become popular as executives think about making strategic decisions. Many clients are also thinking about the strategic value of data and how they can utilize data from their extended supply chain for mutual benefit.
We remember robots being tested 25 years ago and so they are not “new” yet they are gaining in popularity. One method to become cost competitive with low labor rate countries yet source supply closer to customers for rapid delivery is to automate. Using robots and automated conveyor systems is commonplace in distribution and material handling. Manufacturers are also gaining steam on these topics. Are you evaluating these alternatives? At a bare minimum, my most successful clients are evaluating, testing and trialing. Similar to the outsourcing craze of the last 10 years, there is no reason to jump on the bandwagon for the sake of following the crowd; however, looking into the options is prudent.
The internet of things is taking over in our interconnected world. Are you looking into
what this could mean for your industry? And to throw a somewhat radical-sounding concept out there – how about bitcoin? There are many potential uses for this technology in supply chains today.