Future Technologies in Supply Chain Management
[vc_row css=”.vc_custom_1629803910077{margin-bottom: 24px !important;}”][vc_column][vc_column_text]Pandemic-era problems around the world have caused crises in the supply chain in issues such as stocks, distribution, order delays and empty shelves, and speed, full visibility, transparency, and accuracy have become more important than ever in the supply network. Supply chain professionals must therefore recognize the importance of technology and future-proof investment in business decision-making to help businesses deal with these issues and confidently navigate through this period.
Organizations are looking for ways to integrate technological innovations into their workforce and operational processes in this period when continuous supply chain planning has become more critical than ever. Technological developments enable the improvement of supply chain management in areas such as inventory tracking, shipment tracking and inventory management. We have summarized these technologies for you:[/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1629803910077{margin-bottom: 24px !important;}”][vc_column]
[vc_column_text]A resilient supply chain is one of the most important issues in a supply chain, where forecasts and plans are constantly updated and adaptation to changes in customer demand data is a challenge. A resilient supply chain is characterized by resilience and recovery capacity. Smart supply chains, supported by next-generation technology, the Internet of Things, mobile private networks and 5G, enable this resilience. This system is based on collecting various data streams and combining them into a digital model of the physical supply chain. With the application of AI and ML to this model, opinions and assessments that will guide smart decisions are created by the system and shed light on the decision-making of supply chain professionals. It updates the data involved in the automatic replanning, organization, routing, and delivery of shipments to the customer. These technology solutions utilize customer demand data to continuously update forecasts and plans, enabling this information to be shared with suppliers.[/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1629803910077{margin-bottom: 24px !important;}”][vc_column]
Supply Chain Visibility Technology
[vc_column_text]Supply chain visibility technology is typically part of an enterprise resource planning (ERP) system. Companies want to regain the visibility and control they have lost due to increased outsourcing of supply chain planning. This technology, augmented by supply chain management technology, serves to improve these issues by providing real-time logistics data and insights into various aspects of the supply chain. This gives companies the flexibility to review and act on metrics that indicate supply chain deficiencies before they become critical. This helps to avoid potential crises and delivery obligations that go wrong. In addition, the risk of loss, theft, or damage to goods in transit is reduced and the shipment becomes smoother. Utilizing next-generation technologies such as cloud and edge computing enables data insights from vehicles (tractors, trailers, and cargo) to be combined. In this way, the traceability of goods also facilitates inventory management processes in the supply chain.[/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1629803910077{margin-bottom: 24px !important;}”][vc_column]
Forecasting Maintenance Technology
[vc_column_text]Predictive maintenance, also called condition-based maintenance, involves performance monitoring and equipment condition monitoring during regular operations to reduce the likelihood of failure. Thanks to this software, businesses have the opportunity to initiate equipment repairs before the failure occurs. In other words, with this technology, which enables proactive maintenance, the probability of failure can be determined in advance, minimizing downtime and extending service life. Another advantage of this technology is that it allows companies to implement a planned maintenance program before a breakdown occurs that requires repair. This technology also has supportive results in terms of sustainability, helping to reduce carbon footprints. It supports occupational safety in the sense that businesses provide a safe, quality working environment for employees.[/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1629803910077{margin-bottom: 24px !important;}”][vc_column]
[vc_column_text]Edge computing is computing systems that allow businesses to collect data in the supply chain, interpret it with various analyses and bring it closer to data sources such as Internet of Things devices or local edge servers within the framework of enterprise applications and thus act accordingly in near real time. It offers more flexibility advantages such as faster insights, faster response.[/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1629803910077{margin-bottom: 24px !important;}”][vc_column]
[vc_column_text]3D printing is a practical and cost-effective process that transforms a three-dimensional digital model into a physical object by adding many successive layers of thin material. It enables more efficient use of material, unlike traditional production methods where up to 90% of the original block of material can be wasted. Although the 3D printer was introduced about 30 years ago; we will soon begin to see the global effects of 3D printing in the supply chain, whose development in terms of durability, speed and protection of intellectual property rights corresponds to recent years. Providing a practical solution for material scarcity, 3D will also play an important role in reducing widespread degradation.[/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1629803910077{margin-bottom: 24px !important;}”][vc_column]
[vc_column_text]Digital twins are virtual environment models that enable the testing of the current system and proposed scenarios, allowing a kind of validation before the finalization of certain designs on the system. Digital twins are reflection models in a virtual environment that reflect real systems or services one-to-one. Considered among the top 10 strategic technologies in 2017, digital twin technology holds an important place among the technologies of the future to solve ongoing crises and needs in the supply chain. Businesses using this technology can identify supply chain problems in advance and improve planning and management across the end-to-end supply chain.[/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1629803910077{margin-bottom: 24px !important;}”][vc_column]
Real-Time Delivery Status Software
[vc_column_text]In the operation of the supply chain, real-time tracking of the details of the flow of the shipment is extremely important. Real-time tracking makes it easy to provide customers with the location of a specific delivery as it moves through the supply chain. Through a combination of GPS tracking and real-time status updates from the field, customers can see the exact location of their order in real time. Developments in new software technology that provide real-time tracking of millions of shipments and real-time information on the cause of delays and provide instant status updates, making it easy to create solutions for what can be done, are among the essentials for supply chain managers in the coming years.[/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1629803910077{margin-bottom: 24px !important;}”][vc_column]
[vc_column_text]Blockchain technology, which is a kind of database system formed by blocks in a dispersed structure, creates an important structuring effect in the supply chain by enabling encrypted transactions in supply chain management to be followed by members who can access the system. Blockchain technology ensures the traceability of all details within the process in all important information flows of the supply chain such as orders, payments, accounts. By creating an unalterable transaction record, it enables the sharing of shared data in an incorruptible and unhackable way and ensures its security.[/vc_column_text][/vc_column][/vc_row]