Rapidly changing technology is causing ripples in the supply chain management process as well. From production planning to raw material sources and from transport and warehouse management to demand management, the various sub-processes of supply chain management are getting disrupted from the grounds up. While this may be uncomfortable at first, these changes are helping the process take new strides and become more modern and technologically advanced.
The basics of a supply chain
Supply chain management is a process that forms the basis of a company’s smooth functioning. An army of managers decides how a company produces goods, where it sources the goods from, Stores and supplies to the markets. External factors like transporters, distributors, manufacturers, and suppliers are also considered important. The entire process depends on the smooth movement of goods as well as information.
The goal of a supply chain is to ensure fair and timely dissemination of information to the right people, so the process continues seamlessly. Most companies invest extensively in supply chain management internally, but some hire experts as well.
How are supply chains changing with technology?
Here are some sectors that were profoundly impacted via technology.
Till date, supply chains have depended on human input and capabilities. With advancing technology, the focus is shifting towards identity chips, sensors and communication devices. These chips and sensors are connected with a cloud computing system that provides information in a timely manner. The devices ensure that they maintain constant feedback with the business, helping decision making become faster and more effective.
Smart warehouse management
Warehouses are an important part of a supply chain. With the help of new technology like sensors, a supply chain manager can operate warehouses more effectively. Temperature variations, loss of assets, payment tracking, inventory and order fulfillment is easier now due to lesser chances of human errors. This improves accuracy as well as efficiency.
Supply chain business intelligence
Business intelligence is not just about finding what your competitor is doing online. It is also about hacking your own supply chain for better growth and productivity. Technology has played a significant role in supply chain business intelligence by providing accurate data about the entire chain at all times and maintaining equally adequate records. Not only this, but the company can also dive deeper into consumer insights while sifting through this data.
The future of supply chain management
The future of this process depends on the technology companies use. The more equipped supply chain managers keep themselves with changing trends in workforce styles and expectations as well as emerging technology, the better they will handle the changes.
An excellent way to survive the changing tides is to work with experts like the Sheffield Group, who can be reached at http://www.sheffieldnet.com
These consulting firms have years of experience in handling supply chain manager requests, and they can help define your goals and achieve them most productively and efficiently.
Supply chain management is changing, and it would be worthwhile to invest in learning and expert collaboration now than wait for later.