Supply chains need to become more digital and in practice there are a few things that can be done to affect change, writes Business Reporter.
- More transparency along value chains is essential. Transparency helps to map and design supply chains to be more agile.
- Smart, industrial Internet of Things (IoT) and tools such as process mining are essential enablers and create more planning reliability.
- IoT goes far beyond the Radio-frequency Identification (RFID) technology that is already widespread in logistics. IoT solutions make it possible to look at the entire value chain of a product.
- Making the supply chain more digital and ‘smartifying’ more of the components within it can have a huge impact on operational efficiency.
Business Reporter concludes: “Needless to say, IoT can’t build chip factories and process mining doesn’t replace container ships. But by implementing technology in the right way, businesses can achieve greater insights to prevent strained supply chains from collapsing.”
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For more help with looking at supply chain options, contact Astute Electronics