Many analysts have predicted that for companies to survive in the digital age they must transform into digital enterprises. What are the benefits of such a transformation? “By harnessing the power of devices and data, and leveraging the ever-accelerating technological advancements,” states Dr. Sania Irwin, Chief Innovation Officer at Cimphoni, “we have the ability to shape every aspect of the world around us, from broad policies, to business offerings and practices, to daily living.
We live in the digital age; mobile technologies have penetrated deep into most societies; and, the digital path to purchase is on the rise. There is nothing surprising nor profound about those statements; yet, they describe some of the forces shifting the landscape beneath the feet of retailers and marketers. Although the digital path to purchase has wreaked havoc on many brick-and-mortar stores, mobile technologies have also given them a touchpoint with consumers. What that means is that almost every retailer today is an omnichannel merchant.
I am a quilter. The strongest fabric cut with the least warping is cut lengthwise on the fabric. Cutting across the grain, pieces on the horizontal, give the quilter more flexibility.
"A lack of supply chain visibility and ineffective collaboration [are] often the reason[s] for poor supply chain performance," asserts Antonia Renner (@AntoniaRenner), a Senior Solutions Marketing Manager at Informatica. "[They] often lead to bad decision making, missed market opportunities, high costs, slow time-to-market, and increased manual workloads.
According to a report published by Market Research Engine, “The IT robotic automation market is expected to exceed more than US$ 4.95 billion by 2020 Growing at a healthy CAGR of more than 60.0% in the given forecast period 2016 to 2022.” A white paper by Redwood Software tempers that optimism by noting some executives remain skeptical about process automation primarily because the term “robotic” conjures up images of mindless machines.
I recently spoke at a conference in Chicago for MIT’s Leaders for Global Operations program. Gathered there to learn about the latest innovations in advanced manufacturing were executives from some of the world’s largest manufacturers.
Supply chain risk management is a full-time job. Logically that means chief executive officers (CEOs) must delegate that responsibility to someone who can dedicate their full attention to the endeavor. Having delegated that responsibility, however, doesn't mean CEOs are then free to ignore it.
This month Beet Fusion's featured bloggers were asked to write on the topic "What do you think is a cool technology to drive supply chain innovation?" The first question that came to my mind is: What does it mean to be cool?
There is a lot of talk about the Internet of Things (IoT); but, most analysts agree it's in its infancy. Amber Markim, an Operations & Marketing Assistant at Flash Global, explains, "The Internet of Things is a phrase being coined that refers to a network comprised of 'intelligent' devices and sensors that can communicate with each other. IoT promises to provide real-time performance monitoring in a world where machines and applications can self-optimize, self-configure and self-diagnose. The idea seems like a fantasy but look at the Internet of today or even cloud storage.
"There is general unease about the state of the global economy with its increase in operational risk," writes the staff at Material Handling & Logistics (MH&L). That's why Adam Robinson (@TweetsByARob), Director of Marketing at Cerasis, asserts, "Supply chain risk management and resiliency are hot-button topics in the industry. ...
My colleague Hellen wrote this nice poem on Supply Chain Planning.
It’s Planned – A Supply Chain Planning Poem written from the view of a supply chain planner.
"We're still a few years away from having robots at our beck and call," writes Or Shani, founder and CEO of Adgorithms, "but [artificial intelligence (AI)] has already had a profound impact in more subtle ways. Weather forecasts, email spam filtering, Google's search predictions, and voice recognition, such Apple's Siri, are all examples. What these technologies have in common are machine-learning algorithms that enable them to react and respond in real time.
The qualities I value in a supply chain leader include a combination of technical skills and emotional intelligence. There are only a handful of people I have worked with in my career so far who really stood out to me as supply chain leaders I admire. Those that did had many traits in common.
This month featured bloggers were asked to write about their favorite supply chain leader and explain why they hold them in high esteem. I immediately thought about Professor Yossi Sheffi (@YossiSheffi), the Elisha Gray II Professor of Engineering Systems at the Massachusetts Institute of Technology.