Supply chain disruption is less about any one new digital technology and more about how companies leverage the convergence of digital technologies for competitive advantage. Supply chain planning and optimization tools have traditionally been constrained by lack of connectivity, visibility of functional silos, and computing power. Different functions use different data sets and points of view to develop their plans. Functions may be optimized, but iterative enterprise optimization supporting execution is rare. -Rich Sherman, Senior Fellow, Supply Chain Centre of Excellence, Tata Consultancy Services
The supply chain management function is still operating in a world of digital potential. Organizations are incorporating social media, mobile technology, and cloud-based services as an entry point but will require more time to add technologies such as blockchain, simulation software, real-time big data and analytics, and Internet of Things (IoT) connectivity. Embracing these digital disruptors will enable organizations to stay competitive and boast an optimized, agile supply chain. -Vicki Powers, Supply Chain Writer, APQC
Getting from point A to point B in today's supply chain is no longer as simple as a straight line. Instead, in today's global environment businesses are adapting their supply chains in order to compete profitably. Rates, capacity, competition, warehousing and other supply chain components are evolving while the pace of business moves faster than ever before. As a result, ongoing supply chain analysis is critical in order for a business to adapt and compete. -Brian Broadhurst, Vice President of Transportation Solutions, Spend Management Experts
Sales and operations planning. So important, yet success is so elusive. While many companies approach S&OP as a technology implementation, success requires a focus on 60 percent culture, 30 percent process and 10 percent technology. Companies cannot get to success without technology, but it cannot be the primary focus. A successful implementation can improve agility by 25 percent to 35 percent. -Lora Cecere, Founder, Supply Chain Insights
Over the past decade, businesses have accumulated a sea of data on their operations, customers and business practices. Businesses have attempted to consume this data to drive effective business solutions with limited success. We are at the precipice where solutions seamlessly consume traditional data and merge it with unstructured data to cohesively drive business planning and execution. -M. Scott Moon, Principal, Tompkins International
The latest news, analysis, trends and solutions for big data, blockchain and the internet of things (IoT) and their impact on supply chain management. Big data describes the large volume of data that inundates a business on a day-to-day basis and can be analyzed for strategic business insights. IoT is the means that collects and sends data from a range of “things” — anything from watches to fridges to cars — that are connected to the internet with sensors or computer chips. Learn how companies around the world are using big data, blockchain and IoT for supply chain optimization and competitive advantage.
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