• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Articles
  • News
  • Events
  • Advertize
  • Jobs
  • Courses
  • Contact
  • (0)
  • LoginRegister
    • Facebook
    • LinkedIn
    • RSS
      Articles
      News
      Events
      Job Posts
    • Twitter
Datafloq

Datafloq

Data and Technology Insights

  • Categories
    • Big Data
    • Blockchain
    • Cloud
    • Internet Of Things
    • Metaverse
    • Robotics
    • Cybersecurity
    • Startups
    • Strategy
    • Technical
  • Big Data
  • Blockchain
  • Cloud
  • Metaverse
  • Internet Of Things
  • Robotics
  • Cybersecurity
  • Startups
  • Strategy
  • Technical

The Supply Chain of Tomorrow Will Be Flexible, Efficient and Resilient

Dr Mark van Rijmenam / 4 min read.
September 20, 2020
Datafloq AI Score
×

Datafloq AI Score: 83.67

Datafloq enables anyone to contribute articles, but we value high-quality content. This means that we do not accept SEO link building content, spammy articles, clickbait, articles written by bots and especially not misinformation. Therefore, we have developed an AI, built using multiple built open-source and proprietary tools to instantly define whether an article is written by a human or a bot and determine the level of bias, objectivity, whether it is fact-based or not, sentiment and overall quality.

Articles published on Datafloq need to have a minimum AI score of 60% and we provide this graph to give more detailed information on how we rate this article. Please note that this is a work in progress and if you have any suggestions, feel free to contact us.

floq.to/Ybcsp

In today’s complex world, it is short of a miracle how we have been able to create global supply chains that move products across the globe at breakneck speed. However, the current pandemic has also shown how vulnerable our global supply chains are.

Those companies who had not updated their supply chain to the digital era before the start of this pandemic faced a lot more difficulties in adjusting to the new normal than those companies with a digitally optimised supply chain. Digital has become a prerequisite for supply chains.

Last week, I spoke with Pieter Van den Broecke Managing Director The Netherlands, Belgium and Germany for Manhattan Associates in the run-up to Manhattan Exchange Connect, to discuss some of his thoughts about the supply chain of tomorrow and how it will look fundamentally different from those many organisations are still running today.

The (Slow) Speed of Information

Currently, many physical supply chains are moving very slowly, often a lot slower than goods can travel physically through the supply chain. The reason being is not that a truck or train is driving slowly, but it is because of information flowing slower than physical goods. Many processes are still done on papers and it is a common joke that when you want to send a bouquet of flowers, you need a stack of papers as high as the flowers, which significantly slows down the process.

Therefore, in the supply chain of tomorrow, the main differentiating factor will be data, flowing at the speed of light. The more processes within a supply chain that are datafied, the more efficient and effective it will become.

This became painfully clear at the start of the pandemic. With many retail stores closed, or consumers not wanting to go to the stores, and consumers moving en mass to online, supply chains had to change their operations quickly.

After all, how do you bring the product to the consumer if your traditional sales channel no longer functions? Plenty of organisations had inventory locked in a warehouse in a region or country that could not easily be re-allocated to online shipments. Local distribution centres had to take over from a network of stores, but where a good overview of inventory across distribution centres and stores was lacking, delivery times increased, and sales were lost.

Bringing Inventory Management to the 21st Century

Inventory management is a critical element, the lifeblood, of the supply chain. Within the supply chain of tomorrow, inventory management has gone digital. Using intelligent algorithms, product companies can easily switch the fulfilment location, so that you actually have access to any inventory anywhere in your network to meet any demand for any consumer. And you can do that at any given moment in time.


Interested in what the future will bring? Download our 2023 Technology Trends eBook for free.

Consent

That’s exactly where Manhattan pops into the picture because with their Intelligent Order Management system organisations can connect supply with demand from any channel and find the best most efficient and cost-effective match for that. Companies still running analogue supply chains will never be able to win the race with digital supply chains, as in today’s world of hyper-consumerism, speed of delivery is still currently a key factor in landing a sale.

Supply chains can be made less vulnerable by building a flexible information layer surrounding them. Of course, a pandemic is a once-in-a-lifetime event, but it could also be that your forecast was wrong for other reasons. The level of damages that this would cause is dependent on how quickly you can change your allocations.

The Paperless Supply Chain

Unfortunately, many organisations still have to go through some kind of a bureaucratic, internal administrative process to reposition and re-allocate products to other regions. The supply chain of the future should be able to manage inventory in a way that enables it to flexibly (re)deploy inventory to any channel, for any consumer from any location in your network obviously, this can only happen if the supply chain effectively goes digital, becoming paperless in the process.

Naturally, within a paperless supply chain, the cloud plays an important role, but in the coming years, we will also see other areas of technology such as the Internet of Things and 5G networks becoming increasingly important. Of course, within any such digital environments, the quality of your data is crucial. Without having high-quality data, it becomes very difficult to optimise your supply chain.

It is clear that technology has become a conditio sine qua non (essential action, condition, or ingredient) for supply chains. Consumers are pushing organisations to become more digital, more agile and provide better, faster services, which can only be achieved when organisations fully embrace technology. Just like companies or today’s consumers, supply chains need to not just do digital, but rather be digital.

This story is part of a campaign around Manhattan Exchange Connect, taking place on October 6, 2020.

Image: JumpStory


Originally published here

Categories: Big Data, Strategy
Tags: digital, Sponsored, supply chain, technology

About Dr Mark van Rijmenam

Dr Mark van Rijmenam, CSP, is a leading strategic futurist and innovation keynote speaker who thinks about how technology changes organisations, society and the metaverse. He is known as The Digital Speaker, and he is a 5x author and entrepreneur.

Primary Sidebar

E-mail Newsletter

Sign up to receive email updates daily and to hear what's going on with us!

Publish
AN Article
Submit
a press release
List
AN Event
Create
A Job Post
Host your website with Managed WordPress for $1.00/mo with GoDaddy!

Related Articles

The Advantages of IT Staff Augmentation Over Traditional Hiring

May 4, 2023 By Mukesh Ram

The State of Digital Asset Management in 2023

May 3, 2023 By pimcoremkt

Test Data Management – Implementation Challenges and Tools Available

May 1, 2023 By yash.mehta262

Related Jobs

  • Software Engineer | South Yorkshire, GB - February 07, 2023
  • Software Engineer with C# .net Investment House | London, GB - February 07, 2023
  • Senior Java Developer | London, GB - February 07, 2023
  • Software Engineer – Growing Digital Media Company | London, GB - February 07, 2023
  • LBG Returners – Senior Data Analyst | Chester Moor, GB - February 07, 2023
More Jobs

Tags

AI Amazon analysis analytics app application Artificial Intelligence BI Big Data business China Cloud Companies company costs crypto customers Data design development digital environment experience future Google+ government information learning machine learning market mobile Musk news Other public research sales security share social social media software strategy technology twitter

Related Events

  • 6th Middle East Banking AI & Analytics Summit 2023 | Riyadh, Saudi Arabia - May 10, 2023
  • Data Science Salon NYC: AI & Machine Learning in Finance & Technology | The Theater Center - December 7, 2022
  • Big Data LDN 2023 | Olympia London - September 20, 2023
More events

Related Online Courses

  • Oracle Cloud Data Management Foundations Workshop
  • Data Science at Scale
  • Statistics with Python
More courses

Footer


Datafloq is the one-stop source for big data, blockchain and artificial intelligence. We offer information, insights and opportunities to drive innovation with emerging technologies.

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Recent

  • 5 Reasons Why Modern Data Integration Gives You a Competitive Advantage
  • 5 Most Common Database Structures for Small Businesses
  • 6 Ways to Reduce IT Costs Through Observability
  • How is Big Data Analytics Used in Business? These 5 Use Cases Share Valuable Insights
  • How Realistic Are Self-Driving Cars?

Search

Tags

AI Amazon analysis analytics app application Artificial Intelligence BI Big Data business China Cloud Companies company costs crypto customers Data design development digital environment experience future Google+ government information learning machine learning market mobile Musk news Other public research sales security share social social media software strategy technology twitter

Copyright © 2023 Datafloq
HTML Sitemap| Privacy| Terms| Cookies

  • Facebook
  • Twitter
  • LinkedIn
  • WhatsApp

In order to optimize the website and to continuously improve Datafloq, we use cookies. For more information click here.

Dear visitor,
Thank you for visiting Datafloq. If you find our content interesting, please subscribe to our weekly newsletter:

Did you know that you can publish job posts for free on Datafloq? You can start immediately and find the best candidates for free! Click here to get started.

Not Now Subscribe

Thanks for visiting Datafloq
If you enjoyed our content on emerging technologies, why not subscribe to our weekly newsletter to receive the latest news straight into your mailbox?

Subscribe

No thanks

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

Marketing cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.

Please enable Strictly Necessary Cookies first so that we can save your preferences!