2015 Supply Chain Trends
As we bid adieu to 2014, we’re looking ahead at what 2015 will bring in the supply chain and logistics industry.
According to Rocket Consulting, a company who specializes in analyzing collaboration, mobility, and transportation as factors in the supply chain, there is an increase in demand for products in both the B2B and B2C aspects of business connection—insights in real time can help with the decision making process, bring improvements in customer service and lower costs.
Additionally, data generated from mobile technologies and interconnected businesses gives a feed of info relating to predictive analytics. As an example, mechanical breakdowns can be foreseen as part of a series of occurrences requiring more investigation. This gives organizations the ability to transform unscheduled maintenance procedures in scheduled downtime, with the upshot of increased efficiency. Here, we will look at collaboration and transportation separately:
Collaborative tools provide accuracy when it comes to making plans and sharing documents and also provides the ability to comply with procedural standards. This brings increased efficiency to the supply chain, lowers costs and boosts compliance. An example of this in action could be using electronic documentation, electronic submission and labeling at every gate in the supply chain, which has been approved by customs, in order to speed up the transit of goods through customs.
Every aspect of the supply chain, from mobility to connected business to collaboration, is propelled by the transportation requirements of the organizations concerned, consisting of a multitude of partners and business organizations which are spread far and wide and encompass protracted timescales.
Providing an increase in supply chain efficiency, coupled with the provision of visibility into the process, has the potential to bring down costs related to transportation.
An effective transportation system can also provide organizations with visibility into all shipments in order to know the location of an item at any moment in time, enabling management to be proactive and punctual when dealing with events, be they scheduled or otherwise. Additionally, targeted insight into costs is provided to be compared with the other information generated.
The CEO and founder of Rocket consulting, Lewis Marston, claims that while there is a lot of buzz around emerging technologies, such as drones and Internet of Things, it is more important at this stage to focus on projects which can deliver in the areas of connected business and mobility, and transportation and collaboration, in order to increase the efficiency of the supply chain and provide the reduced costs and increased customer satisfaction that comes with it.
Is your supply chain ready for 2015?