The business world has seen major shifts in supply chain management as more and more people buy and sell goods over the Internet. While it’s just another ecosystem for retail outfits, other companies that need to source resources from different types of companies from all over the planet have found that global shortages and capital constraints brought on by the COVID-19 pandemic have changed the way they have to do business.
Advances in technology have gone a long way toward helping businesses get control over their supply chains when changes in both socio-economic and world health concerns threaten to interrupt the flow of goods. Let’s take a look at some tools that can help improve organizational supply chain management (SCM)
It’s not overstating it to say that most organizations have been utilizing cloud-based technology in their business, but there aren’t a lot that naturally use it for their supply chain. The main issue is a perceived lack of security. Many people believe that cloud computing has some security issues that keep it from being the secure computing platform that their business needs. With a few best practices, however, there is nothing that you can’t do with cloud computing resources while maintaining security.
The main benefit of cloud computing is the access to advanced tools from any place that has Internet connectivity, which provides secure access for each user. This is a huge benefit to SCM. There are, however, other major benefits. They include:
The IoT is often combined with cloud computing tools to build a more effective and efficient supply chain. It does this by utilizing sensors that report the movements of resources and provide a much more specific look at how an organization’s supply chain works. Here are some ways the IoT can help any organization manage their supply chain:
Finally, the development of artificially intelligent computing platforms is transforming the modern supply chain. Supply Chain Management (SCM) applications that integrate AI into them, are shifting away from the traditional ship and report model of SCM and providing new ways of streamlining the supply chain processes. This is mainly completed through:
Technology can change the way that you look at your business and can remedy a lot of your operational problems. If you would like to have a conversation about how to use technology to build better supply chain management, or if you would just like help sorting through your business’ inefficiencies, give Out of the Box Solutions a call at 800-750-4OBS (4627) today.