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When it comes to the future of Supply Chain Management the three most important technologies that will help shape forward are as follows. Automation is
When it comes to the future of Supply Chain Management the three most important technologies that will help shape forward are as follows. Automation is my first example. While outsourcing has been a popular method to cut costs, but still retain the necessary manpower to keep up with production demand, there's so much a human asset can perform. With new advancements in robotics and smart learning software, machines not only outperform the fittest crew but also keep a consistent rate of quality control. Speed and efficiency are major benefits automation brings, but efficiency is what makes the selling price. Another technology is IoT. The world is being swallowed by human industrial ingenuity. Communication is what keeps it all structured. Internet, smart devices, and cloud technology are changing how communication is done. Lastly, AI technology is another example that will redefine SCM. Live data analysis in interpretation is a key feature of running a good SCM. AI not only shortens the time to do so but also increases the capacity of how much data can be processed. This can help better improve forecasting, reduce margins of error, and help adapt to changing factors
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