As a supply chain manager, you can build and deploy the best supplier collaboration system available, but if your vendors are not onboard, it's about as useful as an empty warehouse. The success of your collaboration project is directly tied to supplier willingness to use the system.
Although telematics technologies and services were first adopted by the long-haul trucking industry in the United States more than 20 years ago, adoption in the non-trucking sector is expected to equal the trucking industry in terms of numbers of connected vehicles by the end of 2014 and will dominate the commercial fleet telematics industry by the end of 2019, accounting for almost 50 million vehicles globally.
Supply chain visibility is a requirement for any organization competing in today's global marketplace. The top strategy for organizations looking to improve visibility into their supply chains is to implement technologies that enable effective monitoring of not just tier one suppliers but tier two and tier three suppliers. New technologies enable real-time collaboration between an organization and its suppliers by providing a mechanism for sharing information about inventory and processes throughout the supply chain. – Andrea Stroud, Research Program Manager, APQC
Analyst Insight: In July 2013, Mary Driscoll of APQC had an interesting headline in the Harvard Business Review Blog — "Why are Companies Continually Getting Blind-sided by Risk?" Their risk management survey highlighted that 75 percent of respondents stated they were hit by at least one major supply chain disruption over the past two years. Another key finding: people at the front lines of business were hamstrung by lack of resources for visibility needed to adequately assess their supply chain risk. – Gregory L. Schlegel, Founder, The Supply Chain Risk Management Consortium, and Adjunct Professor, Supply Chain Risk Management, Lehigh University
Research conducted by IDTechEx, and published in RFID Forecasts, Players and Opportunities 2014-2024, finds that the RFID market – including tags, readers, software and services for passive and active RFID – will grow from $7.88bn in 2013 to $9.2bn in 2014. IDTechEx expects that the RFID market will reach $30.2bn in 2024. Most growth is due to active RFID/RTLS systems, interrogators, and then tags, in terms of total money spent.
A report from IDC Manufacturing Insights evaluates the progression of commerce networks for manufacturers from traditional point-to-point communications to collaborative commerce networks that support many-to-many interactions among manufacturers and their trading partners.