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How Technology is the Reason for Supply-Chain Management's New Makeover

By Enterprise Technology Review | Tuesday, November 26, 2019

Deployment of innovative tools and applications across the supply-chain infrastructure proves to bring a secure, cost-effective, and collaborative operational environment. 

FREMONT, CA: Manufacturers experience a continuous change in the demands for their products; this is majorly influenced by the digitalization of the present market and customer preferences. In recent years, emerging technologies have contributed to boosting the production quality and quantity of supply-chains across the globe. Today, manufacturing professionals are taking advantage of innovative tools and applications to improve their supply-chain management abilities and stay competitive in the ever-changing market landscape. To bring effective changes, the supply-chain managers can start with technology enhancements and revamps across their enterprise by focusing on introducing valuable assets at the manufacturing and distribution level.

Technologies like robotic automation, Artificial Intelligence (AI), blockchain, and data analytics has triggered a tremendous change in the supply chain sector. Supply-chain management has now become an independent segment, where the management focus has shifted to advanced planning processes, such as analytical demand planning, integrated sales, and operations planning. Today, a modernized supply chain can efficiently integrate operations like decision-making in terms of cost, inventory, and customer services.

Technology-driven operations enable supply-chain managers to improve all-around processes, which include automating end-to-end production networks, data-driven demand planning, and identifying collaboration opportunities. Automation of the production network allows the supply-chain managers to reduce human errors, as the advanced robots for manufacturing increase the production rate with higher accuracy and efficiency and handle operations from picking to transporting goods while updating goods status to the managers constantly. Deploying operational tools based on analytics and big data offers both internal and external data, such as production statics, machine status, market trends, and product demand rate.   

Considering technology-based asset deployment to be an essential step, the supply-chain managers must evaluate and analyze the requirement of their manufacturing department first. The implementation of different technology-based tools and applications in the supply chain of manufacturing companies provides a secure, cost-effective, and collaborative work environment. Blockchain and cloud computing in the supply-chain infrastructure enable the professionals to access data from different departments of their organization and achieve a collaborative work environment. Technology holds the potential to develop revolutionary solutions for the supply chain managers while supporting the professionals to explore more business possibilities at the global level.

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