Supply Chain Optimization: Future Integration Technologies Six Key Enabling Technologies

Industry 4.0/5.0 > Supply Chain Optimization: Future Integration Technologies Six Key Enabling Technologies

Supply Chain Optimization

Industry 4.0/5.0 Supply Chain Systems & Technologies

Supply Chain Optimization: Future Integration Technologies Six Key Enabling Technologies

Strategic technological advancements can horizontally and vertically integrate your supply chain. Below are six key enabling technologies shaping the future of supply chain management.

1

Intelligent Things. The future application of intelligent things is promising for supply chain management. In logistics and shipping, autonomous vehicles could generate faster, cost-saving solutions with minimized labor costs.

2

Blockchain. Through the creation of a secure and digital documentation trail, companies can competitively utilize blockchain to better manage a product’s traceability and chain of custody.

3

Robotic Process Automation (RPA). IDC reports that almost 65% of warehouse activities will employ RPA to assist with storage optimization by 2023. This will increase warehouse capacities by more than 20% and reduce work order processing time by 50%.

4

Internet of Things (IoT). Combined with artificial intelligence, IoT can revolutionize supply chain management by supporting operations, managing production, and monitoring transportation using GPS and other connected technologies.

5

Conversational Systems. Virtual personal assistants (VPAs) and chatbots focus on streamlined user experiences for employees and consumers. For B2B companies, this could also manifest as assistance with procurement activities.

6

Advanced Analytics. Through Big Data, advanced analytics will play a crucial role for supply chain professionals by offsetting risks and proactively encouraging data-driven decision-making.

Want to learn more about how strategic technological advancements can horizontally and vertically integrate your supply chain? Start a dialogue with our team of qualified experts.

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