Article
Trends in Supply Chain Management to Adopt
The supply chain stuff is really tricky.
- Elon Musk, CEO Tesla Motors
As the supply chain has become more complex in the ever-changing challenges faced by the world, the use of technology has become even more important to upgrade, maintain and streamline an organization’s supply chain process. A thickly integrated approach is the need of the hour to create a ‘web’ between the vendors and their OEM; and further to their distribution centers.
Rapid advancement in the use of technology in SCM in the field of network integration, centralized data and control, last-mile connectivity, and mobile computing are helping organizations to be more connected, efficient, and flexible. Moreover, the global market of use of technology in the Supply Chain is expected to touch $25 Billion just in this year and is expected to grow at 12% y-o-y.
The following are some of the trends in the field of the supply chain to adopt:
ERP
The use of Enterprise Resource Planning (ERP) will continue to dominate and expand its position; especially its integration with MES, planning and scheduling modules, IoT platforms and logistics.
Control Tower
Rise of central command and control centers to accumulate, collaborate, analyze and make system-based decisions using AI algorithms to expedite response to problems either locally or globally.
Mobile Device
The use of mobile devices will be imperative to collect data on near-real time basis, and also to access the database and analytics, irrespective of the geographic locations.
Cloud Solutions
With the increase in cloud-based solutions like SaaS and PaaS, the overall investment of implementing such systems is likely to reduce. This will be a boost to small and medium scale organizations to compete locally, as well as globally.
