4 Trends to Watch in Supply Chain Management

Technology is taking over manual operations and the same could be observed over the past years. The same is to continue and grow exponentially in the coming years. Here are the few trends to watch this year. Some of them are already in use by Large Scale Industries, however there would an increasing adoption of the same in the SME sector.

Augmented Reality (AR)

Augmented Reality puts a layer with contextual information before our eyes through a wearable tech by understanding the object we look at. This technology combines with the best of vision and voice controls to produce a faster output. This technology can bring efficiency in operations and allows for better customer service.

Internet of Things (IoT)

Internet of Things is a wide network of physical devices, appliances, and other items embedded with electronics, sensors, network connectivity and such tools to enable real time exchange of data and connection between themselves.

With integration with Blockchains, it will become easy to get data from such devices in real time. Manufacturers, Distributors, Retailers and transport companies would also be able to take concrete decisions on their distribution chains based on such structured data.

Radio Frequency Identification (RFID)

RFID is rapidly evolving next generation technology a step ahead of barcode scanning. RFID is a method of storing data of numerous object and retrieving it via radio waves. Similar to that of barcode it can store information about type of product, RFID tags contains unique identifiers that correlate to warehouse database records. Switching to RFID in your logistics chain offers valuable benefits over the traditional ways.

Move towards Cloud

Industries especially SMEs will be moving their traditional systems and ERP softwares to cloud due to the following benefits.

  1. Real Time Database Access
  2. Accessibility
  3. Managed Services

 

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